RESIDENTIAL DEVELOPMENT OPPORTUNITY

Transcription

1 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 Adjacent housing development to Regency Park II

2 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 INVESTMENT SUMMARY Sale Price: $,,000 or $,000/lot Offering: ±,00 SF lots Location: Military Road and Stead Boulevard, Reno, NV Zoning: Residential (tentative map approved) Flood Zone: AE, A and X Unshaded Utilities: Water, Sewer, Electrical and Natural Gas to site Probable Improvement Costs: ±$,000/unit ($,000 estimated hard costs and $,000 estimated soft costs) INVESTMENT HIGHLIGHTS + Tentative map approved + Strongest location in the North Valleys for residential development + New home average value pricing has exceeded the previous peak from 00 + Located less than ¼ mile from LogistiCenter II (. Million SF), Stead Airport (future,00 acre employment center) and Sage Point Business Park + Approximately ½ million square feet of new industrial construction in progress + Nearby retail - Walmart, Smith s Grocery, Grocery Outlet, CVS and Starbucks + Less than two miles to U.S. Highway Intersection at Lemmon Drive + Recent companies in submarket include a major internet retailer (,000+ jobs), Exxel Outdoors, Mary s Gone Crackers, Lasco Valves, Quality Bicycle Products, Marmot, PetCo, Sherwin Williams and Urban Outfi tters CONTACT US BRETT EDWARDS + brett.edwards@cbre.com REX MASSEY + 0 rex.massey@cbre.com

3 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 SITE PHOTOS

4 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 FUTURE HEINZ RANCH,000 UNITS STEAD BLVD STEAD ELEMENTARY SCHOOL Red Rock Industrial - MM PetCo, Arrow Electronics, Pentair, Almo, NBF NORTH VALLEYS REGIONAL PARK NORTH PEAK APARTMENTS North Valleys Submarket: - 0 UNITS AND Per EDAWN s EPIC SENIOR HOUSING Report, the North PROJECT - 00 UNITS Reno submarket is set to experience growth of ±,0 people and ±, jobs by 0. Nearly,000 residential units currently proposed and/or under construction ARROYO CROSSING UNITS (LANSING COMPANIES) Stead Industrial - MM Urban Outfitters, Turn, Fosdick, Michelin, DDS, General Motors, Numark, Legend Valve, BizChair.com, Cardinal Health, Firestone, Burrows Paper SIERRARA VISTA VILLAGE UNITS (DILORETO HOMES) LogistiCenter II -.MM Marmot SKY RANCH UNITS (DR HORTON) Stead Bl. Military Road PROPOSED: APARTMENT UNITS Lemmon Drive SITE STONEFIELD HORIZONS 00 UNITS (LENNAR) STEAD AIRPORT Sage Point Business Park -.MM UPS Logistics, Sherwin Williams, Genco, Tagg Logistics, Volvo, Bender, Quality Bicycle Parts, Cascade Designs, Barrier Safe Solutions

5 STEAD BOULEVARD FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 Stead Industrial MM Urban Outfitters, Turn, Fosdick, Michelin, DDS, General Motors, Numark, Legend Valve, BizChair.com, Cardinal Health, Firestone, Burrows Paper ARROYO CROSSING Units SIERRA VISTA VILLAGE Units (DiLoreto Homes) Sage Point Business Park -.MM UPS Logistics, Sherwin Williams, Genco, Tagg Logistics, Volvo, Bender, Quality Bicycle Parts, Cascade Designs, Barrier Safe Solutions SKY RANCH UNITS (DR HORTON) SITE MILITARY ROAD STONEFIELD HORIZONS 00 units (Lennar)

6 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 NORTH VALLEYS SUBMARKET The North Valleys is well positioned for success, offering strong market fundamentals, a growing population and employment combined with an expanding and successful industrial base. Major employment center for the growing Reno/Sparks metro area. Companies such as G.M., Petco, Arrow Electronics, Urban Outfi tters, Amazon, Dupont, RR Donnelly, JC Penney, UPS, and Mary s Gone Crackers all have facilities in the North Valleys which occupy over million square feet. More than,000 residential units are currently in various stages of development. Most are less than one mile from Regency Park II. Lennar, D.R. Horton and Artisan communities have projects in the immediate vicinity to provide adequate housing for employees. Future residential build out could be as much as,000 new homes, almost doubling the current North Valley s population of,. Employees will fi nd reasonable housing prices with a majority of homes under $0,000 Current economic development offi cials are projecting ±0,000 new jobs to the Reno/Sparks area by 00. As a result of the projected growth we anticipate an increase of 0,000 people within fi ve years. The area is experiencing quality job growth spurred by recent company relocations and announcements such as Tesla/Panasonic (,00+ jobs) and Switch (000+ jobs).

7 FOR SALE FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 FUTURE HEINZ RANCH,000 Units Red Rock Industrial - MM PetCo, Arrow Electronics, Pentair, Almo, NBF Lemmon Valleys Shopping Center North Hills Shopping Center Stead Industrial - MM Urban Outfitters, Turn, Fosdick, Michelin, DDS, General Motors, Numark, Legend Valve, BizChair.com, Cardinal Health, Firestone, Burrows Paper NORTH VIRGINIA INIA NIA ST ST Northern Valleys Commerce Center.MM Marys Gone Crackers SKY RANCH Units (DR Horton) REGENCY PARK II Walmart Units SIERRA VISTA VILLAGE Units (DiLoreto Homes) ARROYO CROSSING Units LEMMON DRIVE Reno Stead Airport MILITARY RD RD Sage Point Business Park -.MM UPS Logistics, Sherwin Williams, Genco, Tagg Logistics, Volvo, Bender, Quality Bicycle Parts, Cascade Designs, Barrier Safe Solutions STONEFIELD HORIZONS 00 units (Lennar) LogistiCenter II -.MM Marmot FUTURE PRADO RANCH 000 units North Valleys Shopping Center Starbucks Three Flags Center LogistiCenter I -.MM Major Internet Retailer, Lasco Valves NORTH HILLS HILLS BLVD BLVD North Hills Industrial - MM C&H Distribution, Anixter, Rite-Maid, Sullivans, Thrift Books, Radians, Legacy Transportation

8 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 Sparks Reno 0 0 LEMMON DR MILITARY RD SITE RESIDENTIAL PROJECTS Single Family & Multifamily (Proposed & Under Construction) Arroyo Crossing : units Cabernet at the Highlands : units Estancia : 0 units Ladera Ranch : units North Valley Estates : units Northridge : units Sky Ranch (DR Horton) : units Sierra Vista Village (DiLoreto Homes) : units Stonefield Horizons (Lennar) : 00 units 0 Lansing : units North Peak Apartments : 0 units Affordable Senior Housing Project : 00 units Sky Vista South : units Regency Park (Artisan Homes): 0 units Prado Ranch (proposed) TOTAL SUBMARKET HOUSING UNITS:, SHOPPING CENTERS & Key Retailers Lemmon Valley Shopping Center :, SF North Hills Shopping Center :,0 SF North Valleys Shopping Center :, SF Shops at Lemmon Valley : 0, SF Silver Lake Center :,0 SF Stead Marketplace :,00 SF Stead Plaza :,000 SF Three Flags Center :,0 SF Vista Hills Shopping Center :,0 SF 0 Walmart :,0 SF *Note: Per EDAWN s EPIC Report, the North Reno submarket is set to experience growth of ±,0 people and ±, jobs by 0. EMPLOYERS* Recently Relocated and Expanded Large Internet Retailer Exxcel Outdoors Quality Bicycle Products Lasco Valves Mary's Gone Crackers Marmot Prado Ranch Industrial (proposed) PREDICTED JOBS BY 0: ±,

9 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 RESIDENTIAL PROJECTS Single Family & Multifamily (Proposed & Under Construction) Arroyo Crossing : units Cabernet at the Highlands : units Estancia : 0 units Evans Ranch :, units Heinz Ranch :,00 units North Valley Estates : units Regency Park (Artisan Homes) : 0 units Sierra Vista Village (DiLoreto Homes) : units Silver Hills : 0 units 0 Silver Star Ranch :,00 units Stonefield Horizons (Lennar) : 00 units Lansing : units North Peak Apartments : 0 units Affordable Senior Housing Project : 00 units Sky Vista South : units Sky Ranch (DR Horton) : units Prado Ranch : TOTAL SUBMARKET HOUSING UNITS:, N VIRGINIA ST RED ROCK RD SITE Stead Airport LEMMON DR SHOPPING CENTERS & Key Retailers Lemmon Valley Shopping Center :, SF North Hills Shopping Center :,0 SF North Valleys Shopping Center :, SF Shops at Lemmon Valley : 0, SF Silver Lake Center :,0 SF Stead Marketplace :,00 SF Stead Plaza :,000 SF Three Flags Center :,0 SF Vista Hills Shopping Center :,0 SF 0 Walmart :,0 SF EMPLOYERS* Recently Relocated and Expanded Large Internet Retailer Cascade Designs Exxcel Outdoors Quality Bicycle Products Lasco Valves Mary's Gone Crackers Marmot PetCo Urban Outfitters 0 Tactical Air Support Prado Ranch (proposed) PREDICTED JOBS BY 0: ±,

10 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Cold S Co Cold Springs p in pr ings ngs g Reno, NV 0 Lemm Le Lemmon mm mon o Valley Val a lle ey Reno-Stead Airport Spanis Sp Span Spanish issh Sp Springs pri r ng ngss REGENCY PARK II Fern Fe Fernley nle ey To Lake Tahoe Ski Resorts: Sun Valley Sun V ll Va lley ey ey Gold Go G olden lld den e Valley Val a le ey Reno Technology Park icloud Data Center Sparks 0 WALMART Distribution Center,($( MccCa M McCa McCarran Carr r an n 0 Distribution Center Reno Ve Verdi erd rdii,($( 0 Mogu Mo Mogul gull gu (Software),($( Reno-Tahoe Int l Airport In 0 %UDHEXUQ &DSLWDO Licensing,($( 0 N.com 0 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.

11 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 LOCATION DESCRIPTION The site is located in North Reno just off U.S. Highway. The newly signalized intersection at Lemmon Drive and Military Road is within 0 minutes of Interstate 0. NEARBY AMENITIES: + Mayors Park + North Valley s Regional Park + Sierra Sage Golf Course + Lemmon Valley Elementary School + Stead Elementary School + North Valleys High School SITE CONTACT US BRETT EDWARDS + brett.edwards@cbre.com REX MASSEY + 0 rex.massey@cbre.com

12 FOR SALE REGENCY PARK II - ±,00 SF TENATIVE MAPPED LOTS U.S. HIGHWAY Reno, NV 0 TENTATIVE MAP For Sale (),00 SF STEAD BLVD Detention Basin 0 ECHO AV E D YR AR LIT MI NOT TO SCALE ALL DIMENSIONS ARE APPROXIMATE. w w w.c b r e.c om/r e no