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Reno Sparks Iconic Companies in Reno Sparks DOMINIC BRUNETTI, CCIM FOR SALE OR LEASE 775.850.3109 OFFICE D O W N T O W N 775.240.1192 CELL 255 N SIERRA ST RENO, NV 89509 [email protected] OFFICE | SUITE 140 | SCOTT SHANKS, SIOR 775.850.3102 OFFICE 775.846.1019 CELL [email protected] LINDY DELLER 775.850.3116 OFFICE 775.378.8456 CELL [email protected] 333 Holcomb Ave., Ste. 300 + Reno, Nevada 89502 + 775.850.3100 + DicksonCG.com 255 N SIERRA ST SUITE 140 RENO, NV 89501 Downtown’s newest Class A office space. A great mix of collaborative space and individual offices with contemporary and creative design. Located within the Montage Reno, a 23-story, mixed-use luxury condominium building on a highly visible corner in Reno’s emerging Downtown. This space offers easy access to court houses, financial district, and the Riverwalk. OFFICE SPACE | 7,392 SF PRICE | $1,950,000 PRICE P/SF | $264 LEASE RATE | $2.15 P/SF *FULL SERVICE GROSS TOM FENNELL, CCIM TRAVIS HANSEN, CCIM 775.250.6600 CELL 775.624.3957 OFFICE 775.850.3117 OFFICE 775.351.5578 CELL [email protected] [email protected] LOCATION HIGHLIGHTS 255 N SIERRA ST ● Located within the Montage on a highly visible corner in Downtown Reno ● Easy access to court houses, financial district, and the Riverwalk ● 45 convenient, covered parking spaces in City of Reno garage located just north of the premises W 2ND ST N SIERRA ST PROPERTY FEATURES ● 14 private offices including 1 large executive office with private bathroom ● Several workstations and collaboration areas ● 2 conference rooms ● Full kitchen and bar for employee entertainment and use ● Secure keycode access ● Contemporary, quality finishes ● Currently owner-occupied by well-known PR and Advertising Agency who needs more space. Owner will vacate upon sale, or potential for N short-term leaseback. DOWNTOWN MAP 255 N SIERRA ST N VIRGINIA ST N SIERRA ST W 2ND ST N DOWNTOWN RENO MAP 255 N SIERRA ST RENO,NV 89501 6 27 13 15 14 23 22 2 24 1 SUBJECT 28 5 PROPERTY 18 3 19 26 17 20 12 9 8 7 21 10 4 25 11 16 RESIDENTIAL INSTITUTIONAL CULTURAL/ENTERTAINMENT HOSPITALITY 1. 3RD STREET FLATS 6. UNIVERSITY OF NEVADA RENO 11. CHILDREN’S DISCOVERY MUSEUM 17. PIONEER CENTER 22. MARRIOTT COURTYARD INN 2. THE MONTAGE 7. UNR - INNEVATION CENTER 12. CINEMARK CENTURY THEATER 18. FITNESS FOR 10 23. WHITNEY PEAK AND BASE CAMP 3. THE PALLADIO 8. COUNTY COURTHOUSE 13. FREIGHT HOUSE DISTRICT 19. WEST ELM 24. HARRAHS 4. PARK TOWERS 9. STATE COURTHOUSE 14. CARGO 20. PATAGONIA 25. CAMPO 5. RIVERWALK TOWER 10. FEDERAL COURTHOUSE 15. GREATER NEVADA FIELD 21. LIBERTY FOOD AND WINE 26. THE STICK (RENO ACES AND 1868 FOOTBALL) EXCHANGE 27. SILVER LEGACY HOTEL CASINO 16. NEVADA MUSEUM OF ART 28. SIENA HOTEL DEALNORTHERN ROADMAP NEVADA OVERVIEW Greater Reno-Sparks-Tahoe is the place companies come to increase the bottom line and to grow. Whether to take advantage of a business friendly environment, get closer to customers through strategic location or to enjoy the quality of life, companies like Tesla, Switch, Intuit, Microsoft, Apple, Amazon.com and Urban Outfitters call Northern Nevada home to some of their most critical business functions. Reno is nestled in the hub of the western region, with a market area of 11 states and 53 million people. The Reno/Tahoe area is a transportation hub serviced by two major highways, I-80 and US 395, railroads, trucking and airline carriers that make it possible to ship from Reno to 80% of the 11 western states on a next-day basis. FINANCIAL ADVANTAGE From exemptions to abatements, to deferrals, to the complete absence of taxes, simply operating your business in Greater Reno-Tahoe adds to your bottom line. Nevada was ranked #5 Most Business-Friendly Tax Climate by the Tax Foundation for 2017. BUSINESS ADVANTAGE Greater Reno-Sparks-Tahoe is the perfect package. A business friendly and tax friendly environment, unmatched quality of life, and a logistics hub make this a great location for many businesses. LIVE & PLAY The Northern Nevada area isn't just a great place to do business, but it's also a great place for individuals and families to live and play. For those outdoor enthusiasts, Reno-Sparks is the gateway to Lake Tahoe and many other scenic attractions. THE NEW NEVADA Entrepreneurial Ecosystem Grow Your Business Here.. ● RANKED AS ONE OF THE 14 BEST STARTUP CITIES IN AMERICA. ● SUPPORT FOR ENTREPRENEURS FROM EDUCATION, MENTORSHIP AND FUNDING. Greater Reno-Sparks ● HOME TO TRAINER ROAD, FILAMENT, FLIRTEY AND BRISTLECONE. ● 100 COMPANIES HAVE RELOCATED HERE IN 3 YEARS. ● COST OF LIVING .9% LOWER THAN NATIONAL AVG. ● RANKED IN TOP 100 PLACES TO LIVE. Transportation ● RANKED IN 35 BEST CITIES FOR MILLENNIALS TO WORK. ● AVERAGE COMMUTE 22 MIN. ● LESS THAN 1-DAY TRUCK SERVICE TO > 60 M CUSTOMERS, 8 STATES, 5 MAJOR PORTS. ● 2-DAY TRUCK SERVICE TO 11 STATES. Business-Friendly $ ● RANKED IN TOP 10 STATES FOR BEST BUSINESS Tax Advantages TAX CLIMATE. ● NO CORPORATE TAX ● RANKED IN TOP 10 STATES FOR BUSINESS ● NO PERSONAL INCOME TAX INCENTIVES. ● NO INVENTORY TAX ● NO FRANCHISE TAX ● NO SPECIAL INTANGIBLE TAX Technology Infrastructure ● MAJOR DATA CENTERS: SWITCH, APPLE, EBAY, Tier 1 University RACKSPACE. ● RESEARCH COLLABORATION. ● UNIVERSITY OF NEVADA RENO, MORE THAN ● HOME TO MICROSOFT, INTUIT, SIERRA NEVADA CORP. 20,000 STUDENTS ● "SUPER-LOOP" FIBER NETWORK IN PROGRESS. Workforce Development Real Estate, Land, Resources ● MEETING THE CHANGING NEEDS OF INDUSTRY ● AFFORDABLE LARGE-SCALE REAL ESTATE AND THROUGH HIGHER EDUCATION, NEW COLLEGE WATER AVAILABLE. TECHNICAL PROGRAMS, INDUSTRY ● LARGE INDUSTRIAL SPACE. CERTIFICATIONS, STEAM PROGRAMS, AND ● (TESLA GIGAFACTORY IN THE TAHOE RENO ATTRACTING TALENT TO THE REGION. INDUSTRIAL CENTER). Economic Development Authority of Western Nevada (EDAWN), www.edawn.org NORTHERN NEVADA MARKET OVERVIEW RENO | SPARKS MARKET OVERVIEW HOW DOES NEVADA STACK UP? According to Resonance’s - bestcities.org "Top 50 #6 America's Small Best Cities of 2018" According to Livability.com’s “2017 Top 50 Best Cities #48 for Entrepreneurs” selected from over 2,000 cities. According to Livability.com’s “2016 Top 100 Best #47 Places to live” selected from over 2,000 cities. According to Chiefexecutive.net’s “2017 Top 50 Best #12 Places to do business.” Most Business-Friendly Tax Climate by the Tax #5 Foundation for 2017. The Kauffman Foundation Index ranks Nevada as #1 #1 of 25 in “Highest Startup Activity in 2017” for Smaller States. The Kauffman Foundation Index ranks Nevada as #4 #4 of 25 in “Growth Entrepreneurship 2017” for Smaller States. 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 in the Tahoe Reno Industrial Center next to the Tesla first of eight planned data centers to be built at TRIC. The Gigafactory. It is the first of eight planned data centers to facility is 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 renewable energy. Switch has connected Reno, Las Vegas, a SUPERLOOP which allows data to be transported between San Francisco, and Los Angeles via a SUPERLOOP which hubs 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 The Tahoe Reno Industrial Center a few miles south from Gigafactory. The land will reportedly house a future data center Tesla’s Gigafactory. The land will reportedly house a and could also host a testing track for Waymo, the future data center and could also host a testing track for Alphabet-owned autonomous driving company. Nevada is Waymo, the Alphabet-owned autonomous driving pursuing legislation 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.
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