1000 Sandhill Road | Reno, NV 89521

52,100 SF Free Standing Office Building with Data Center & Warehouse on 2.55 Acre Lot

OWNER USER OR REDEVELOPMENT OPPORTUNITY$6,090,000 / $116.89 PSF

VIEW THE WEBSITE

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1000 Sandhill Road offers both owner/users or developers a two-story building with large, flexible floor plates in the highly desired South Meadows Submarket priced well below replacement cost.

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Key Investment Highlights$6,090,000 | $116.49 PSF | 52,100 SF

• Relatively new construction with modern improvements throughout

• Attractive Building with nicely maintained exterior facade and parking lots

• Central elevator/restrooms on both floors

• Flexible zoning allows for a multitude of office or industrial uses

• Excellent views of surrounding mountains

• 1200amp 3 phase 480/277v single service

• Located in a rapidly expanding commercial and residential area

• Priced well below replacement cost

• Floor plan allows for flexibility in occupancy and tenant mix

• Column spacing 50'

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The OpportunityRedevelopment Owner/User• Opportunity to multi-tenant if desired. Currently being

used by a single tenant

• Variety of size options available on both floors: Entire building could be leased by a single tenant, full floor tenant or the floors could be broken up to accomodate multi-tenant suites

• Limited options available in Reno for larger (12,000+ SF) tenants

• 7,419 SF is shell space with open ceiling and ample natural light provides for an ideal space not available in the market

• Limited availabilty in Reno for 100% vacant owner/user office building of similar size

• Ideal opportunity for a larger owner/user to occupy one or both stories of the building

• The building can alternatively be set up for multiple tenant spaces providing flexibility

• Suitable for a variety of uses including office, R&D, data center, Tech, service companies, or light manufacturing

SANDHILL ROADSANDHILL ROAD

DOUBLE DIAMOND PKW

YDOUBLE DIAM

OND PKWY

NEW DMV DEVELOPMENTNEW DMV DEVELOPMENT

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9' office, 26' warehouse.

Ceilings

3 roll up doors of which 1 is oversized, clean warehouse with natural light, 26' clear height to the second level roof and abundant power.

WarehouseFiber and IT into the building.

Data/Connectivity Concrete tilt-up, built in 2002 with

recent remodels, column spacing 50'.

Building

Full exterior irrigation.

LandscapingBUR white roof.

Roof

Fully fire sprinkerlered.

Fire/Life Safety

1,200amp, 3 phz 480/277v 2 runs of 750MCM 500kva feed.

Power Package unit on the roof circa 2002. Split units for data center circa 2007.

HVAC

±149 parking spaces. 2.86/1,000 SF with possibility to add more spaces on the lot with a reconfiguration of the parking layout.

ParkingOpportunity to create a modern single or multi-tenant work environment.

Design

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5 miles

24 miles/ 27 minutes

24 miles/ 24 minutes

2 miles

Double R Blvd

Double R Blvd

Veterans Pkwy

Veterans Pkwy

Carson Reno Hwy

Carson Reno Hwy S

Meado

ws Pkw

y

S Mea

dows P

kwy

Exceptional South Meadows Location

RENO

SPARKS

Carson City

California

With numerous tech related, gaming, and industrial companies in the area.

659

Long

ley L

n

Long

ley L

nW Huffaker LnW Huffaker Ln

S McCarran BlvdS McCarran Blvd

W Moana LnW Moana Ln

Plumb LnPlumb Ln

Glendale AveGlendale Ave

Reno-Tahoe Reno-Tahoe International International AirportAirport

Downtown Downtown RenoReno

University of University of Nevada, RenoNevada, Reno

Tahoe Reno Tahoe Reno Industrial CenterIndustrial Center

S Rock BlvdS Rock Blvd

Mill StMill St

West 4th St

West 4th St

Mayberry Dr

Mayberry Dr

Skyli

ne B

lvd

Skyli

ne B

lvdAiway Dr

Aiway Dr

Lake

side

Dr

Lake

side

Dr

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Future occupants will have an opportunity to create a space that will best serve its brand and use.

Current breakdown of space:

*Disclaimer: These are not guaranteed. Buyer is advised to complete own measurements to confirm square footage.

Current Layout

Entire Building52,100SF1

Finished Office Space on Floors 1 & 229,933SF

2

Floor 1Office Space 15,061SF

Data Center 7,408SF

Warehouse 7,340SF

Total 29,809SF

3

Floor 2Office Space 14,872SF

Shell Space 7,419SF

Total 22,291SF

4

2nd Floor

1st Floor

3

1

42

2

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1st floor29,809SF 2nd floor

22,291SF

Data Center±7,408 SF

Warehouse±7,340 SF

Office Space±15,061 SF Office Space

±14,872 SF

Shell Office Space±7,419 SF

Open to Warehouse

Roll Up Doors

*Do not rely on for accuracy. Confirm square feet.

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Customization Ability to retrofit non-office areas

Data Center/Lab ±7,408SF

Amenities Outdoor eating area and building

on walking trail

Replacement Cost Well below replacement cost

Shell Office ±7,419SF ready for improvements

Warehouse ±7,340SF warehouse with 3 roll up

doors

Build Out ±29,933SF of built out office on

2 floors

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Exceptional location surrounded by tech & gaming and across from new DMV

Easy access to I-580. Easy in/out surface parking.

High visibility, 2.55 acre setting with full building identity.

Zoning South Meadows PUD. Well maintained building

Business friendly city in a region that embraces commerce and low tax economy. Located in growing area with nearby development.

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SOUTH VIRGINIA STREET

MCCARRAN BOULEVARD

DOUBLE R BOULEVARD

NEIL ROAD

RENO TAHOE INTERNATIONAL AIRPORT

3.2 MILES8 MINUTES FROM SITE

DOWNTOWN RENO6.6 MILES

10 MINUTES FROM SITE

SOUTH VIRGINIA STREET

MCCARRAN BOULEVARD

DOUBLE R BOULEVARD

NEIL ROAD

RENO TAHOE INTERNATIONAL AIRPORT

3.2 MILES8 MINUTES FROM SITE

DOWNTOWN RENO6.6 MILES

10 MINUTES FROM SITESouth Meadows Market OverviewIndustrial

Key Tenants: Employers Insurance, Grand Rounds, Renown South/Hometown Health

Key Tenants: Barnes and Noble, Fedex, US Foods, Arrow Electronics, Zazzle

Office

Vacancy3.1%

Vacancy9.4%

Asking Rent$0.50/PSF NNN

Asking Rent$1.83/PSF FSG

Net Absorption2,116,838 SF

Submarket Size10,847,275 SF

Submarket Size1,479,252 SF

Net Absorption46,345 SF

New Completions517,918 SF

New Completions0 SF10

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SOUTH VIRGINIA STREET

MCCARRAN BOULEVARD

DOUBLE R BOULEVARD

NEIL ROAD

RENO TAHOE INTERNATIONAL AIRPORT

3.2 MILES8 MINUTES FROM SITE

DOWNTOWN RENO6.6 MILES

10 MINUTES FROM SITE

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Market OverviewThe Greater Reno-Tahoe's Business and Economic Climate is Experiencing a Major Boom and the Ramifications Are Far Reaching

RENO

Companies That Have Relocated to Reno/Sparks

As the announcements of large and recognizable companies that are moving to the area are publicized, businesses, investors and developers from all over the country are rushing to jump on the bandwagon. Companies are finding that the ease of doing business, coupled with favorable taxes and incentives, is creating an unparalleled motivation for business leaders to focus on Northern Nevada.

In fact, Nevada was ranked number 1 for inbound moves for 2018 according Atlas Van Lines study. With the area including major cities such as Reno, Sparks, Carson City, and Incline Village, there is plenty of room for expansion. With the benefits of Nevada’s low tax on businesses - and a satisfying quality of life, it’s a wonder why a business or developer would choose anywhere else. The region’s optimal location to San Francisco, Portland, Salt Lake City, Las Vegas, and Los Angeles all within a day’s drive is just another added benefit.

With Nevada having the third most business-friendly tax structures in the country, it opened up many possibilities for out-of-state companies to locate facilities here, including Google, Tesla, Switch, Apple, and most recent newcomer, Blockchain.

Blockchain recently purchased 67,125 acres in the Tahoe Reno Industrial Center for their new corporate headquarters and software design research center.

Google also purchased 1,210 acres of land in TRIC, making both of them neighbors with Tesla and Switch.

Tesla Motors also invested in Nevada and is currently building the world’s largest lithium ion battery factory that is scheduled to have a 5.8 million square foot footprint, with 1.9 million square feet already built. This $5 billion lithium battery plant has employed 8,600 people and provided 16,000 indirect jobs within the last few years.

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Northern Nevada Economy OverviewNevada Operating Advantage

Top 30 Mid-Size Cities | Reno #1

Top 100 Leading Locations | Reno #9

Top 20 Least Expensive Cities to Do Business

No. 9 Best State for Business

No. 1 in the Small Business Policy Index

Top 50 Best Places to Live

No. 5 Best Business Tax Climate

Named Among 10 Most Entrepreneurial States

NewGeography.com AreaDevelopment.com

Kosmont-Rose Institute Cost of Doing Business Survey

Chief Executive Magazine

Small Business and Entrepreneurship Council

Livability.com

Business Tax Climate Index by Tax Foundation

Kauffman Index of Entrepreneurial Activity

Tax Advantage

Helpful Links

Quality of Advantages

» One day drive time to seven states and over 60,000,000 people » Strategic location – central among the 11 western states » Over 80 million SF of industrial space in Reno/Sparks market » State incentives available » Strong interest in the area from distributors and manufacturers » Advantageous business climate, taxes, and regulations

» NO corporate income tax » NO personal income tax » NO franchise tax » NO unitary tax » NO inventory tax » NO inheritance tax » NO estate tax

» Economic Development Authority of Western Nevada

» City of Reno » City of Sparks » State Department of Taxation

» Governor's Office of Economic Development

» Nevada Department of Business Industry

» Regional Transportation Commission

» Affordable living costs » Emerging new downtown » Strong sense of community » Four vibrant seasons » Endless recreation

opportunities » A balanced life pace

Switch, the Las Vegas based tech company, plans to invest billions in a projected 8 million square foot data center. The first building in the Switch Campus recently opened its doors and became the world’s largest single data center, measuring 1.3 million square feet.

Apple also chose Reno to invest over $2 billion for their massive iCloud data facility. They will also be building a 27,000 square foot shipping warehouse in downtown Reno. Apple is expected to generate 100 employees and 300 construction jobs from the warehouse, on top of the current 717 established employees in Nevada.

Amazon moved one of their distribution warehouses into a 680,000 square foot e-commerce, high clearance building that employs 600 associates.

Cenntro Automotive, an electric vehicle manufacturer, also opened their new headquarter in an 80,000 square foot building in Sparks.

Microsoft moved its licensing office here in 1997 and is one of the only three Microsoft Regional Operation Centers in the world.

How Reno Ranks Nationally

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To learn more or schedule a tour, contact:

MELISSA MOLYNEAUX SIOR, CCIM

Executive Vice President+1 775 762 7990melissa.molyneaux@colliers.comNV. Lic. BS. 0144599

1000 Sandhill Road | Reno, NV 89521

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