North Valley Estates Reno, Nevada

Transcription

1 O f f e r i n g M e m o r a n d u m North Valley Estates Reno, Nevada 252 Tentatively Mapped Lots p r e s e n t e d e x c l u s i v e l y b y Ron Cobb Principal Direct: (775) x103 Cell: (775) ron@cpnv.com Peter Ghishan, Esq. Principal Direct: (775) x105 Cell: (775) peter@cpnv.com

2 2 North Valley Estates Reno, Nevada TABLE OF CONTENTS: I. Offering Summary 3 II. Area Maps & Aerials 4 III. Parcel Maps 8 IV. Tentative Maps 10 Table of Contents

3 S 3 Offering Summary Commercial Partners of Nevada is proud to offer 252 tentatively mapped lots in Reno, Nevada known as North Valley Estates. This offering contains the most pertinent information regarding the property. About Reno With a population of over 235,000, Reno is the largest city in Northern Nevada. It is located in the southern part of Washoe County, nestled on the eastern slope of the Sierra Nevada Mountains in an area called the Truckee Meadows. Reno and the surrounding area provide unlimited indoor and outdoor recreational activities. We have excellent weather! Spectacular Lake Tahoe and the largest concentration of ski facilities in the world are all within a fifty-mile radius. Biking, camping, hunting, fishing and mountain climbing are all activities Reno residents and visitors enjoy. About North Valley Estates Located in the booming North Valleys, North Valley Estates is a community planned for 252 single family homes along with open space and common area. This offering includes two approved tentative maps with the third one pending approval. The site is located in North Reno about 10 minutes from Interstate 80 at the intersection of Lemmon Drive and Magnolia Way. The area is surrounded by many amenities including Mayors Park and two elementary schools and one high school. The current economic job growth for the area is expected to be at or around ±50,000. The anticipated growth expectation will bring an increase of around 60,000 more people within the next five years. The Property 37.8 Acres in Reno, Nevada Parcels , and Offering Price $6,300, or $25,000.00/ per lot Offering Summary

4 Maps 4 Area Maps & Aerials Shown above is a map of the Reno/Sparks area. The area of North Valley in Reno is highlighted, Area Maps & Aerials

5 Maps 5 Area Maps & Aerials (continued) Shown above is satellite imagery and overlay of the tentative site plan. Area Maps & Aerials

6 Maps 6 Area Maps & Aerials (continued) Shown above is a north facing aerial of the subject property. Highlighted and bordered areas represent the subject property. Area Maps & Aerials

7 Maps 7 Area Maps & Aerials (continued) Shown above is a north facing view of the site plan overlay. Area Maps & Aerials

8 Ma 8 Parcel Maps Shown above is the Washoe County Assessor s Parcel Map. Highlighted in red is part of the subject property. Parcel Maps

9 Ma 9 Parcel Maps (continued) Shown above is the Washoe County Assessor s Parcel Map. Highlighted in red is part of the subject property. Parcel Maps

10 Approved Tentative Maps 10 Shown above is the Preliminary Site Plan for Unit 1 of North Valley Estates. Approved Tentative Maps

11 Approved Tentative Maps (continued) 11 Shown above is the Preliminary Site Plan for Unit 2 of North Valley Estates. Approved Tentative Maps

12 Proposed Tentative Map 12 Shown above is the Preliminary Site Plan for Unit 3 of North Valley Estates. Unit 111 is still pending approval. Proposed Tentative Map

13 13 Development Costs North Valley Estates Development Costs Unit 1-45 Lots Total Per Lot Land Acquisition $ 1,125, $ 25, Water Rights & Fees $ 180, $ 4, Improvement Costs $ 1,440, $ 32, Finished Lot Costs $ 2,745, $ 61, Unit Lots Total Per Lot Land Acquisition $ 3,525, $ 25, Water Rights & Fees $ 498, $ 3, Improvement Costs $ 3,390, $ 24, Finished Lot Costs $ 7,413, $ 52, Unit 3-66 Lots Total Per Lot Land Acquisition $ 1,650, $ 25, Water Rights & Fees $ 264, $ 4, Improvement Costs $ 1,734, $ 26, Finished Lot Costs $ 3,649, $ 55, Average Total Per Lot Land Acquisition $ 6,300, $ 25, Water Rights & Fees $ 942, $ 3, Improvement Costs $ 6,566, $ 26, Off Site Improvements $ 220, $ Total Costs $ 14,029, $ 55, Development Costs