n sierra street - loopnet · why reno? regarding tesla’s decision to build a gigafactory near...
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N SIERRA STREETRENO, NV
T H R E E - S T O R Y M I X E D - U S E B U I L D I N G I N T H E H E A R T O F D O W N T O W N R E N O
U N D E R N E W O W N E R S H I P
P R O P E R T Y H I G H L I G H T S
100 N Sierra sits in the heart of Downtown Reno on the corner of 1st Street and N Sierra Street, across from the Century Riverside 12 Theater. Surrounded by a wide assortment of amenities including some of the trendiest restaurants, bars, coffee shops, boutiques and living spaces. Midtown, The River Walk and Greater Nevada Field are all within walking distance.
30,015 SF AVAILABLE
• 14,996 SF SECOND FLOOR (DEMISABLE)
• 15,019 SF THIRD FLOOR
NEW OWNERSHIP HAS COMPLETED INITIAL
TRANSFORMATION AND IS READY TO PROVIDE
NECESSARY TENANT IMPROVEMENTS
ACROSS THE STREET FROM THE CITY OF
RENO PARKING GARAGE WHICH OFFERS 650
PARKING SPOTS
LIBERTY FOOD & WINE RESTAURANT AND
RENO AXE WITHIN THE BUILDING
BUILDING SIGNAGE AVAILABLE
T W O F U L L F L O O R S O F O F F I C E S P A C E A V A I L A B L E
R I V E R WA L K
C I T Y P L A Z A
C I T Y O F R E N O
PA L L A D I OPA R K I N G G A R A G E
G R E AT E R N V F I E L D
T R U C K E E R I V E R
N SIERRA STREETRENO, NV100
C E N T U R Y R I V E R S I D E 12 T H E AT E R S
A R E A M A P
UNIVERSITY OFNEVADA
DOWNTOWNRENO
Wells Ave
2nd St
Center St
Virginia St
Arlington Ave
Liberty
St
California Ave
Sierra St
Sierra St
Sierra Tap House
Parking Gallery
Park Towers Condos
Barbara Bennett Park
Reno Justice Court
Washoe Public House
Pioneer Center ofPerforming Arts
Great BasinCommunity Co-Op
Second Judicial Court
Wild River Grill
Old Granite Street Eatery
Public Parking
Federal Court House
Wingfield Park
Nevada Museum of Art
Greater NV Field AAAAStadium Freight House District
50 W Liberty
100 W Liberty
Reno Police Department
Reno City Hall
The Basement& West Elm
Century Riverside12 Theaters
Palladio, CAMPOOld Bridge Pub & Smee's
Alaskan Fish MarkeT
City Plaza
National Bowling Stadium300 E Second
Wells Fargo Building
Renaissance
1 E Liberty
Reno Events Center
100 N Sierra Street
100 N Sierra Street
N
370143
A M E N I T Y M A P
30,015 TOTAL SF AVAILABLE
SECOND FLOOR | 14,996 SF THIRD FLOOR | 15,019 SF
F L O O R P L A N S
WHY RENO?Regarding Tesla’s decision to build a Gigafactory near Reno:
“This is not just about incentives. [Nevada is a] really get things
done state. That was a really important part of the decision.”
Elon Musk, CEO, Tesla Motors
“Reno plays an incredibly important role in the products and
services that we provide our customers worldwide. Without the
data center here, none of this would be possible. We’ve invested
$1.6 billion in the region today and over the course of the next
six years, we intend to invest an additional $1 billion.”
Tim Cook, Tech Company CEO
“In February of 2017, the Las Vegas-based Switch has opened the
largest data center in the world, next to Tesla Inc.’s battery
factory in northern Nevada’s Tahoe Reno Industrial Center.
Covering 1.3 million square feet, the facility fulfills the vision
of Switch founder and CEO Rob Roy to create the largest data
center ecosystem in the world for our customers’ mission-
critical workloads.”
Adam Kramer, EVP Of Strategy, SWITCH
Reno ranked among the “15 Prime Real Estate Locations Investors Need To
Check Out” by Forbes for 2019Forbes.com - Jan. 2019
Reno, Nevada #1 in job growth in 2018 Bureau of Labor Statistics – Jan. 2019
Reno the #2 market for companies relocating from California after Austin, Texas
Bureau of Labor Statistics – Jan. 2019
Reno moved up 26 spots to #11 on the Milken Institute’s annual list of “best-
performing cities.”Venture Beat - Jan. 2019
Nevada tops nation for inbound movers in 2018Reno Gazzette Journal - Jan. 2019
Nevada ranked #3 for year-over-year personal income growth in the U.S.
CarsonNow.org - Jan. 2019
WHO HAS MADE THE MOVE...
FIGURE TECHNOLOGIESA financial technology company leveraging blockchain, AI and analytics to deliver products to improve the financial lives of their customers, Figure is expanding operations to Reno, Nevada. The company plans to hire 240 employees over the next several years.
BLOCKCHAINS, LLCIn January of 2018, Blockchains, LLC – a company focused on underlying technology behind cryptocurrencies such as Bitcoin - purchased 67,125 total acres east of Reno next to Tesla, Apple & Google with plans to build a “smart city” built on blockchain technology.
SWITCHSwitch is the world’s largest data center at 1.2 million square feet. Switch has completed their construction for a total of seven buildings and 6.49 million square feet of high tech data campus on 1,000 acres.
TESL ATesla/Panasonic selected Northern Nevada as their location for the world’s largest Gigafactory focusing on manufacturing of cutting edge technologically advanced energy storage.
R E C E N T LY R E L O C A T E D C O M P A N I E S ( 2 0 1 5 - 2 0 1 8 )
top REASONS TO MOVE TO RENO
FAVORABLE TAX STRUCTURE
LOW COST OF BUSINESS
INFLUX OF NEW BUSINESSES: TESLA, SWITCH
PROXIMITY TO MAJOR MARKETS
IMPRESSIVE JOB & POPULATION GROWTH
PROMINENT EMPLOYERS• DUP ON T
• EL DOR A DO RES OR T S
• EMPL OY ERS
INSUR A NCE
• F EDE X
• IN T ERN AT ION A L GA ME
T ECHNOL OGY ( IG T )
• IN T UI T
• N V ENERGY
• PA N A S ONIC
• PATAGONI A
• RENOW N HE A LT H
• SIERR A NE VA DA CORP OR AT ION
• S W I T CH
• T ESL A
• UNI V ERSI T Y OF
NE VA DA , RENO
• UP S
• URBA N
OU T F I T T ERS
6THIN U.S. FOR JOB GROWTH BETWEEN 2017-2019Source: Economy.com
toP 10RANKED STATES FOR BUSINESS
Top State FOR ECONOMIC GROWTH POTENTIAL
Business Facilities’ Magazine – 14th Annual State Rankings Report
Source: CBRE Research
1 HRTO SOUTH LAKE TAHOE
C O M M U T E15 MIN
Average Commute
C U L T U R EBURNING MAN
HOT AUGUST NIGHTS
RENO PHILHARMONIC & POPS ORCHESTRA
NEVADA MUSEUM OF ART
AIR RACES
BALLOON RACES
ARTOWN
3 HRSTO THE BAY AREA
O U T D O O R900
Hiking Trails
50 Championship Golf
Courses
PARKS3,819 ACRES
6th BEST SMALL CITY
IN AMERICA Source: Reno Gazette Journal - rgj.com
BIKE FRIENDLYTOP 50
W E A T H E R
Days ofSunshine
300
RENO DRIVE TIMES30 MINS
TO TRUCKEE
OUR QUALITY OF LIFE
F O R A D D I T I O N A L I N F O R M AT I O N , P L E A S E C O N TA C T:
M AT T G R I M E S , C C I M First Vice President LIC. S.0072644+1 775 356 [email protected]
D AV I D W O O D S , C C I M First Vice PresidentLIC. S.0072655+1 775 321 [email protected]
L E A H N A C H A P M A N Sales AssociateLIC. S.0183267+ 1 775 823 [email protected]
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