DOMINIC BRUNETTI, CCIM 775.850.3109 OFFICE D O W N T O W N 775.240.1192 CELL [email protected] OFFICE SCOTT SHANKS, SIOR FOR LEASE 775.850.3102 OFFICE 255 N SIERRA ST RENO, NV 89501 775.846.1019 CELL [email protected] | SUITE 140 | 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 FIRST FLOOR | 5,764 SF SECOND FLOOR | 1,628 SF LEASE RATE | $2.00 - $2.25 P/SF *FULL SERVICE GROSS TOM FENNELL, CCIM TRAVIS HANSEN, CCIM B.1001434.CORP S.170076 775.250.6600 CELL 775.624.3957 OFFICE 775.850.3117 OFFICE 775.351.5578 CELL [email protected] [email protected] DOWNTOWN MAP 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 N VIRGINIA ST N SIERRA ST PROPERTY SITE W 2ND ST *While obtained from sources deemed reliable, broker does not guarantee information and no warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. You and your N advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. 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 ● Parking available in City of Reno garage located just north of the premises N SIERRA ST PROPERTY SITE W 2ND ST N 1ST FLOOR 5,764 SF TOTAL ● Consists of 11 private private offices featuring 1 executive office with in-office shower & restroom. ● One large and one small conference room. ● Central kitchen bar/coffee bar with open work/collaborative space. ● Three restrooms, dedicated copy, storage room, IT room 2ND FLOOR 1,628 SF TOTAL ● Consists of 3 private private offices and open bullpen DOWNTOWN RENO MAP 27 15 6 13 14 22 2 24 1 SUBJECT 18 3 PROPERTY 19 12 21 20 8 29 5 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 HOSPITALITY 5. RIVERWALK TOWER 15. GREATER NEVADA FIELD 22. MARRIOTT COURTYARD INN 29. SIZZLE PIE - PIZZA (RENO ACES AND 1868 FOOTBALL) 23. WHITNEY PEAK AND BASE CAMP 30. PINE STATE BISCUITS INSTITUTIONAL 16. NEVADA MUSEUM OF ART 24. HARRAHS 31. TRUCKEE BAGEL COMPANY 6. UNIVERSITY OF NEVADA RENO 17. PIONEER CENTER 25. CAMPO 32. PEG’S GLORIFIED HAM N EGGS 7. UNR - INNEVATION CENTER 18. FITNESS FOR 10 26. THE STICK 33. OLD WORLD COFFEE LAB 8. COUNTY COURTHOUSE 19. WEST ELM 27. THE ROW - SILVER 9. STATE COURTHOUSE 20. PATAGONIA LEGACY/ELDORADO/CIRCUS CIRCUS 10. FEDERAL COURTHOUSE 21. LIBERTY FOOD AND WINE EXCHANGE 28. THE RENAISSANCE RENO HOTEL 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 moved up 26 spots to #11 on the Milken #11 Institute’s annual list of “best- performing cities. According to Venture Beat, January 2019 "25 of America’s best towns ever" #25 According to Outside Magazine, a popular publication focused on the outdoors, January 2020 Learn more at EDAWN.ORG NEW TECH COMPANIES DOWNTOWN RENO MOBE is passionate about helping people live happier, healthier lives. Breadware is a complete product Health is complex and unique to each development company that enables of us. There is a different specialist for companies to build smart, connected every part of us. New health studies MOBE helps people understand and Since 2001, our willingness to adapt to Small businesses can now shop for their When it comes to building software, products. Breadware decreases time pop up in the news every day. manage the interconnectedness of changing industry needs, customer goals insurance online, in minutes, and foundation is key. We believe that to market, reduces development Neighbors, relatives, and friends are physical conditions, lifestyle, and evolving technology has allowed us compare real quotes (no ballparks here) adding more layers to an already costs and generally simplifies the chock-full of advice. So how do you emotional life, medications, and other to become a leader in property valuation from top-rated insurance companies. overly-complex system won't make it process of developing a smart, make sense of all of it? factors. We build on what you are management and data solutions, and we They then select and purchase a policy better -- it must be built from the already doing right and guide you are not done yet. We provide technology for the price on the screen. ground up the right way. connected product. Companies from MOBE helps people understand and through changes and choices to platforms that speed up loan decisions, all industries — with technical teams manage the interconnectedness of improve your overall health and analytics that give real-time insight into or without technical teams — use physical conditions, lifestyle, happiness. It’s our mission. the real estate market and valuation Breadware to take IoT products to Red Dot Management, LLC specializes emotional life, medications, and other management solutions. market quickly, efficiently and in resolving complex Third Party Liability healthcare accounts factors. We build on what you are cost-effectively. receivable. We leverage our already doing right and guide you proprietary underwriting, analytic, through changes and choices to and account monitoring systems to Meet customer demand where it exists Clickbio isimprove a new Reno-based your overall health and achieve the best outcomes for our with Bombora’s Company Surge® Red Dot Management, LLC Figure is a web-based platform that Wahoo Fitness helps athletes get happiness. It’s our mission. Figure is a web-based platform thatclients. Here at Red Dot, we believe company that designs and sells Analytics. B2B Marketers have specializes in resolving complex manages digital assets and can be better by making easy-to-use manages digital assets and can bethat hospitals, Accountable Care customized labware. traditionally cast a wide net using basic Third Party Liability healthcare used for completing financial and connected devices. Our fitness MyVR is on a mission to build the most Organizations, and other facilities face demographic and firmographic accounts receivable. We leverage investment transactions. Figure is a platform seamlessly integrates used for completing financial and robust and easy-to-use software enough uncertainty without being With over a decade of laboratory attributes to define their target our proprietary underwriting, financial technology company wearable sensors, advanced-training investment transactions. Figure is a available to vacation rental owners tasked with managing an automation experience, CEO audience and businesses.