Build to Suit Offices For Sale or Lease Sparks, NV Please Contact: Mike Van Blaricom Kevin Annis, SIOR, CCIM Principal Broker/Principal
Vineyards Professional Campus Sparks, NV TABLE OF CONTENTS PROPERTY DESCRIPTION 1 Property Overview Property Photos AERIALS 2 SPARKS OVERVIEW 3 OFFICE OVERVIEW 4 WHY NEVADA 5 Mike Van Blaricom Principal mikev@archcrestnv.com P: 775.852.9800
Vineyards Professional Campus 2 Five Fully Improved Pads PROPERT Y Property Snapshot Centrally located in Spanish Springs, providing easy access and high visibility to professional and medical businesses Sales or leasing opportunities for 2,064; 2,149; 2,986; 3,032; 4,168; 4,253; 6,018 Existing parking lot Ready to desgin your space exactly how you want it Master plan controlled campus with fully maintained lush landscaping Shell Price: $165 PSF Lease Rate: $1.70 MG PSF DISCLOSURE: This property is being offered in an as-is/where-is condition by Seller. The data and other information contained herein is provided for informational purposes only to assist interested parties in making their own independent evaluation of the property. Each recipient hereof agrees that it shall not rely on such information and will conduct its own due diligence. There shall be no binding obligation to sell the property unless and until both parties execute a purchase and sale agreement. Seller reserves the right to negotiate with one or more prospective buyers at any given time and, without notice, to withdraw the property from the market.
Vineyards Professional Campus 2 Photos of the Vineyards Professional Campus PROPERT Y
Site Plan Vineyards Professional Campus 2 AERIALS Aerial
SPARKS OVERVIEW Sparks Submarket Vineyards Professional Campus 3
SPARKS OVERVIEW Population Vineyards Professional Campus 3 90 80 70 60 Thousands 50 40 30 20 10 0 2010 2016 Estimate 2021 Projection 1 mile 3 mile
OFFICE OVERVIEW Vacancy Rate Vineyards Professional Campus 4 Net Absorption
WHY NEVADA Vineyards Professional Campus 5 Unrivaled Job Growth The Economic Development Authority of Western Nevada (EDAWN) and members of the Economic Planning Indicators Committee (EPIC) released the EPIC Report (Northern Nevada Regional Growth Study 2015-2016) in September, 2015. The report provides four possible growth scenarios for a five-county study area that includes Washoe, Storey, Carson, Douglas and Lyon Counties. According to this study, the region is forecasted to see job growth between 47,400 to 56,600 and population growth ranging from 42,400 to 64,700 during a five-year period (2015-2019). Current employment is about 230,000 people and a population of just under 500,000 in the metro area. The study indicates that Washoe County is seeing steady and improving demographic and employment growth and the economy is becoming increasingly diversified due to a proactive regional business recruitment and retention strategy. Northern Nevada is supported by locational/transportation advantages which include access to Interstate 80, Union Pacific Mainline Rail, inexpensive reductant power sources and superior fiber connectivity. The region has a renewed focus on advanced manufacturing which is paying dividends. Reno experienced a 14.7 percent growth in manufacturing employment over the past five years. Sectors such as healthcare and clean energy are also experiencing strong growth. In January, 2016 Nevada s unemployment rate hit the lowest in the past five years and there are many companies that have recently relocated or expanded to Northern Nevada to thank, some of these notable companies include: Notable Relocated Companies to Northern Nevada Tesla/Panasonic selected Northern Nevada as their location for the world s largest and most advanced battery Gigafactory. The first 1.5m sq. ft. building of the 10m total sq. ft. became operational in 2016. Tesla is expected to bring 6,500 jobs to the area and add 20% to the region s GDP. Switch is constructing be the world s largest data center...the SUPERNAP. They are under construction on the first of seven buildings that will total 6.4m sq. ft. on 1,000 acres. The company is expected to hire thousands of employees. Switch is also constructing a fiber hyperlink (known as the Switch SUPERLOOP) which will connect Reno, Las Vegas, Los Angeles and San Francisco in under 7 milliseconds. Apple acquired 345 acres in the 2,300 acre Reno Technology Park for its $1 billion itunes data center that will consist of 14 buildings totalling 412,000 sq. ft. Additionally, Apple s Brawburn Capital, its money management division, is headquartered in south Reno investing billions in this tax free state. Ghost Systems, a cyber security data firm, recently moved its headquarters to Reno and plans to construct a larger underground data center in the Reno Technology Park. Economic development officials anticipate this company to be a large high tech employer bringing 150 jobs to the region. Clear Capital with 400 financial and technology jobs recently moved its headquarters to Class A office space in Downtown Reno. E-Commerce site Jet.com has opened a 160,000 sq. ft. west coast warehouse and distribution center in the Tahoe Reno Industrial Center. The company plans to hire 150-180 employees by the end of 2016 and another 350 within 5 years. For a complete list of expanded and relocated companies visit edawn.org
WHY NEVADA Vineyards Professional Campus 5 tahoe Reno Industrial Center (TRI Center) Largest Industrial Park in the World and a Key Player in Job Creation! The Tahoe Reno Industrial Center is a remarkable and vast 107,000-acre park that encompasses a developable 30,000 acre fully-entitled master planned industrial complex slated to accommodate over 300 million square feet of building GLA upon completion. It is located in Storey County, Nevada approximately nine miles east of the Reno-Sparks area on the 1-80 freeway. The center is a 15-minute drive from the Reno Tahoe International Airport. The main entrances are the Patrick and USA Parkway interchanges off of 1-80. Both the Union Pacific Railway and the Burlington Northern Santa Fe Railway service selected areas of the industrial center, reinforcing the region s status as the manufacturing hub of the West. Given this strategic location and access, TRI Center boasts one- or two-day truck shipping to 11 states including California, Arizona, Utah, Colorado, Oregon, Idaho and Washington. TRI Center currently has approximately 15,000 acres in Phase I, Phase II and Phase III zoned for industrial use, with plans of future expansion. This vast park is intended to be a mixed-use, nonresidential development, consisting of a wide range of industrial, office and commercial businesses. There is approximately 11 million SF of industrial space now in use by almost 130 companies. Storey County has taken an aggressive, pro-business stance toward development by guaranteeing issuance of building permits within 30 days of plan submittal and having all industrial uses pre-approved to enable fast-tracked permitting. Some of the largest e-tailers and retailers in the country already call the TRI Center home, such as Walmart, Petsmart, Chewy.com and 1-800-Diapers. TRI Center has also successfully attracted a number of large manufacturing and data center facilities including Tesla, Panasonic and Switch. The Tesla Gigafactory will be the largest lithium battery factory in the world and Switch s SUPERNAP development will be the largest data center in the world. Visit tahoereno.com for more information
WHY NEVADA Nevada s Financial Advantage Vineyards Professional Campus 5 Nevada has one of the most liberal tax structures in the United States and from a business planning standpoint, the return on investment in the form of tax savings can be monumental. Nevada was ranked #3 Most Business Friendly Tax Climate by the Tax Foundation in 2015. Companies have continued to identify Northern Nevada as an economy that is easy to do business in. Our business-friendly economy is created by an unparalleled motivation for businesses to select Northern Nevada as their next location. TAx Advantage NO corporate income tax NO personal income tax NO franchise tax NO unitary tax NO inventory tax NO inheritance tax NO estate tax Nevada s Incentive Overview Through the Governor s Office of Economic Development (GOED), Nevada offers the following tax incentives to companies considering relocation or expanding to the state: Sales & Use Tax Abatement Modified Business Tax Abatement Personal Property Tax Abatement Real Property Tax Abatement for Recycling Intellectual Property Development and Train Employees Now (TEN) Nevada s Property Tax Exemptions The following are exempt from property tax: Inventories held for distribution purposes All personal property stored, assembled or processed for interstate transit All raw materials and supplies utilized in the manufacturing process All real and personal property that qualifies and is used for the purpose of air and/or water pollution control Others may be applicable depending on the company s situation
WHY NEVADA Nevada s Business Advantage Vineyards Professional Campus 5 Operating Advantage Strategic location - Reach 8 states within one day and 11 states within two day transport Diverse labor market Wide range of financial resources International appeal - one of the largest FTZ sites in the nation Inexpensive to incorporate and conduct business Affordable lease rates Favorable tax structure Quality of Life Advantage Affordable living costs Emerging new downtown Strong sense of community Four diverse seasons Endless recreation opportunities Burgeoning arts and culture lifestyle A balanced life pace
WHY NEVADA Nevada s Accolades Vineyards Professional Campus 5 Top 10 of 100: Metro Areas Best Places For Recreation - Wallethub July 2015 2nd in the Nation: For Private Sector Job Growth - June 2015 2nd in the Nation: Solar Capacity Added in 1Q 2015 - US Solar Market Insight Report, GTM Research and the Solar Industries Association - June 2015 Top 25: University of Nevada, Reno s Executive MBA Program - Princeton Review May 2015 #8 Top 10: Best States for Business - Chief Executive s 11th Annual Survey May 2015 #6 Top 10: Metro Areas For Q1 2015 Double Digit Home Price Growth - Wall Street Journal May 2015 1 of 3: Alternative Tech Startups Cities with Less Traffic, More Housing - Entreprenuer. com May 2015 Top 50: Best Cities to Start a Career - WalletHub May 2015 #3: In Worldwide Mining - The Fraser Institute Annual Survey of Mining Companies February 2015 #8 Best Startup City in America - Popular Mechanics January 2015 #3 Best Tax Climate in the US - Tax Foundation October 2014 Reno: Nevada s 2014 Google ecity - Google ecity Awards October 2014