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Reno Sparks Iconic Companies in Reno Sparks DOMINIC BRUNETTI, CCIM 775.850.3109 OFFICE 775.240.1192 CELL [email protected] OFFICE F O R L E A S E SCOTT SHANKS, SIOR 775.850.3102 OFFICE 775.846.1019 CELL [email protected] 410 CALIFORNIA AVE LINDY DELLER RENO, NV 89509 775.850.3116 OFFICE 775.378.8456 CELL [email protected] RATE | $1.50 NNN SIZE | 2,100 SF LOT SIZE | .12 AC ZONING | MD-RD TOM FENNELL, CCIM PRINCIPAL [email protected] 775.850.3117 OFFICE 775.250.6600 CELL Lic# B.1001434 333 Holcomb Ave., | Ste. 300 Reno, Nevada 89502 | 775.850.3100 | DicksonCG.com PARCEL MAP PROPERTY HIGHLIGHTS ● Building undergoing renovation under new ownership. ● Centrally located in the heart of the Downtown California St Business District & near MidTown. ● 2nd story professional office space with onsite parking. ● Former attorneys office with functional and efficient layout ● Space includes new ADA bathroom, open space, break room, copy room, and multiple large offices and conference rooms. Lander St Marsh Ave N AREA MAP DOWNTOWN S. ARLINGTON AVE W LIBERTY ST MARSH AVE CALIFORNIA AVE N FLOOR PLAN LARGE OFFICE OFFICE OR CONFERENCE ROOM COPY & BULLPEN BREAKROOM LARGE OFFICE OR OFFICE OFFICE CONFERENCE ROOM DOWNTOWN RENO MAP 6 27 15 13 14 22 2 24 1 5 18 3 19 12 21 20 8 29 9 7 4 30 26 25 10 17 11 32 16 31 33 RESIDENTIAL CULTURAL/ENTERTAINMENT 1. 3RD STREET FLATS 11. CHILDREN’S DISCOVERY MUSEUM 2. THE MONTAGE 12. CINEMARK CENTURY THEATER 3. THE PALLADIO 13. FREIGHT HOUSE DISTRICT 4. PARK TOWERS 14. CARGO 5. RIVERWALK TOWER 15. GREATER NEVADA FIELD 27. THE ROW - SILVER LEGACY/ HOSPITALITY (RENO ACES AND 1868 FOOTBALL) ELDORADO/CIRCUS CIRCUS INSTITUTIONAL 22. MARRIOTT COURTYARD INN 16. NEVADA MUSEUM OF ART 28. THE RENAISSANCE RENO HOTEL 23. WHITNEY PEAK AND BASE CAMP 6. UNIVERSITY OF NEVADA RENO 17. PIONEER CENTER 29. SIZZLE PIE - PIZZA 24. HARRAHS 7. UNR - INNEVATION CENTER 18. FITNESS FOR 10 30. PINE STATE BISCUITS 25. CAMPO 8. COUNTY COURTHOUSE 19. WEST ELM 31. TRUCKEE BAGEL COMPANY 26. THE STICK 9. STATE COURTHOUSE 20. PATAGONIA 32. PEG’S GLORIFIED HAM N EGGS 10. FEDERAL COURTHOUSE 21. LIBERTY FOOD AND WINE EXCHANGE 33. OLD WORLD COFFEE LAB 45 WHY RENO Minutes to Lake Tahoe Business Cost Comparisons $1/2 2019 Highlighted By Technology Sector and Corporate The Price Headquarters Growth Of Bay Area NV RENO NV BAY AREA CA San Jose $60-$66 GROWING TECHNOLOGY ECOSYSTEM Office lease rates (Class A) Reno $30-39 San Francisco $78-$84 Home to Tesla, Apple, Google, Microsoft, Intuit, Switch, Clear Capital, Figure Technologies, rfxcel, Alchemy/Workday, Bombora, Sierra Nevada State Corporate Income Tax NO 8.84% Corp. 2019 Highlighted By Technology Sector and Corporate Headquarters State Income Tax NO < 13.3% Growth CLICK HERE Capital Gains Tax NO < 13.3% MORE ADVANTAGES Unemployment tax 0.3%-5.4% 1.5%-6.2% Fintech development: Nevada Sandbox Program Data latency Reno-Las Vegas-Los Angeles-Bay Area < 7ms Average hourly earnings Home to the University of Nevada, Reno - Ranked Tier 1 and Carnegie R1 (software $43.09 $64.97 developer/programmer) WORK-LIFE Reno cost of living 40% less than Bay Area Average cost Average cost Reno average commute time 15 minutes Workman’s comp (per $100 payroll)-$1.18 (per $100 payroll)-$2.87 3-hour drive to Bay Area Payroll cap $36,000 Payroll cap NA 45 minutes to Lake Tahoe and ski resorts Utility (elec.) rates $.078/kWh San Francisco $.157/kWh for medium size office HELPFUL LINKS Business advantages CLICK HERE Right-to-work state YES NO Nevada 2020 video CLICK HERE Sources: Nevada Sandbox Program CLICK HERE Economic Development Authority of Western Nevada (EDAWN), www.edawn.org WHY RENO? “Nevada tops nation for inbound movers” #1 According to Reno Gazzette Journal, January 2019 “Reno the #2 market for companies relocating from #2 California after Austin, Texas.” According to Bureau of Labor Statistics, January 2019 Among the top 100 metros in the nation for #2 families looking to buy a house, according to financial technology firm SmartAsset, August 2019 “Reno, Nevada #2 in job growth and #11 Best Places #2 & #11 for business and careers in 2019” According to Forbes Lists, October 2019 “Nevada ranked #3 for year-over-year personal #3 income growth in the U.S.” According to CarsonNow.org, January 2019 Nevada remained in the top 15 for the last six years, #4 This year, it skyrocketed to #4. According to Fox Business, December 2019 Reno ranked #4 on the Milken Institute’s annual list of #4 “best- performing cities. According to Milken Institute, January 2021 "25 of America’s best towns ever" #25 According to Outside Magazine, a popular publication focused on the outdoors, January 2020 ICONIC COMPANIES IN RENO SPARKS ICONIC COMPANIES IN RENO SPARKS In June 2014, Tesla broke ground on its $5 billion, 10 In June 2014, Tesla broke ground on its $5 billion, 10 million-square-foot Gigafactory, which is being built in phases. It million-square-foot Gigafactory, which is being built in manufactures lithium-ion batteries, as well as Model 3 battery phases. It manufactures lithium-ion batteries, as well as packs and drive units. As of February 2017, the Tesla Gigafactory Model 3 battery packs and drive units. As of February 2017, had almost 1,000 permanent employees. When completed in the Tesla Gigafactory had almost 1,000 permanent 2020, the Gigafactory will be the largest manufacturing facility in employees. When completed in 2020, the Gigafactory will be the world and is forecasted to employee more than 10,000 the largest manufacturing facility in the world and is people, up from initial estimates of 6,500. forecasted to employee more than 10,000 people, up from initial estimates of 6,500. In November 2016, Switch opened the largest, most advanced In November 2016, Switch opened the largest, most data center campus in the world on 2,000 acres in the Tahoe advanced data center campus in the world on 2,000 acres Reno Industrial Center next to the Tesla Gigafactory. It is the first in the Tahoe Reno Industrial Center next to the Tesla of eight planned data centers to be built at TRIC. The facility is Gigafactory. It is the first of eight planned data centers to powered 100-percent by renewable energy. Switch has be built at TRIC. The facility is powered 100-percent by connected Reno, Las Vegas, San Francisco, and Los Angeles via a renewable energy. Switch has connected Reno, Las Vegas, SUPERLOOP which allows data to be transported between hubs San Francisco, and Los Angeles via a SUPERLOOP which in just milliseconds. eBay is an anchor tenant. allows data to be transported between hubs in just milliseconds. eBay is an anchor tenant. In April 2017 Google/Alphabet acquired 1,210 acres in The Tahoe In April 2017 Google/Alphabet acquired 1,210 acres in Reno Industrial Center a few miles south from Tesla’s Gigafactory. The Tahoe Reno Industrial Center a few miles south from The land will reportedly house a future data center and could Tesla’s Gigafactory. The land will reportedly house a also host a testing track for Waymo, the Alphabet-owned future data center and could also host a testing track for autonomous driving company. Nevada is pursuing legislation Waymo, the Alphabet-owned autonomous driving that would pave the way for driverless taxis. company. Nevada is pursuing legislation that would pave the way for driverless taxis. Apple’s initial $100 million data center at the Reno Technology Apple’s initial $100 million data center at the Reno Park east of Sparks is fully utilized. In May 2017, Apple Technology Park east of Sparks is fully utilized. In May announced it would invest another $1 billion into the data 2017, Apple announced it would invest another $1 billion campus. Part of the addition will include a $4 million, 27,000 into the data campus. Part of the addition will include a $4 square-foot warehouse for shipping and receiving to be built on million, 27,000 square-foot warehouse for shipping and a vacant lot in downtown Reno. receiving to be built on a vacant lot in downtown Reno..
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