PANORAMA VILLAGE 276 UNITS

Transcription

1 PANORAMA VILLAGE 276 UNITS 276 UNIT DEVELOPMENT OPPORTUNITY GIGI LANE RENO, NEVADA LOCATION The Property is located south of Dandini Boulevard in Reno, Washoe County, Nevada SIZE ± 15 Acres PRICE Submit TOPOGRAPHY Gentle to Moderate slopes UNIT COUNT 276 Rick Hildreth 200 S. Virginia Street, 8th Floor, Reno, Nevada ph The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. NVWashoe

2 SURROUNDING AREA MAP Hillcrest Rolling Hills Ranchos Panther Ladera Ranch Juniper Heights Bernard Toiyabe National Forest?D 430 Rancho San Rafael Townhomes Talus Point Condominiums Reno Foothills The Southern Edge Prospect Hill Parr University Ridge Blvd Mountain View Dandini Regional Center Panorama Village Dandini Townhomes Dandini Research?D Park Subject Dandini Blvd Meadow View Terrace PJ elly's Ranch West High Country Falcon Ridge Townhomes Wildcreek Rancho Dr El Wildcreek Townhomes Sullivan Ln?D 659 Macky Heights Point View Legend Projects Active Future Non-Residential 0 1,000 2,000 Feet Evans Av e Sutro St Oddie Blvd Rock Blvd?D 445

3 REGIONAL MAP Silver nolls Ranch Legend Projects Active Future Non-Residential Miles Moya Blvd Stead Blvd Horizon Hills Horizon Hills Toiyabe National Forest Caughlin Ranch Military Rd Britton Peavine Heights 4th Mayberry Dr Rancho San Rafael Townhomes McCarran Blvd 7th St St Lemmon Valley Paloma Wild Stallion Rolling Hills Highlands North Point Golden Highlands Plumb Ln Sky line 2nd St Blvd Northstar Ranch Reno Heppner Rolling Hills Ranchos Ladera Ranch Dandini Research Park Dandini Regional Center Virginia St Plumas St Lakeside Dr Wells Ave Sutro St irman Ave BLM Bengoechea Oddie Blvd Grand Sierra Resort & Casino 580 ietzke Ln Sun Valley Blvd Lupin Dr Subject B St Stone Creek Juniper Heights Point View Reno-Tahoe International Airport Sparks Glendale Ave Mill St iley Ranch Northwood Greg St Mccarran Blvd Pyramid Lake Hwy Baring Prater Way?D 445 Pioneer Meadows Village B Sparks Blvd Vista Ridge Miramonte Desert Highlands lvd Vista Blvd Washoe County Storey County Sharon Hill Wingfield Springs D'Andrea 80 BLM BLM

4 OBLIQUE MAP Reno-Tahoe International Airport Sparks Reno BLM 395?D 443 Subject

5 Melody Ln PROPERTY DETAIL MAP Skaggs Cir Sugar Hill Dr Dandini Blvd Raggio Pkwy W Leonesio Dr El Rancho Dr Mindi Ln Doreen Ct Gigi Ln Ballard Loki E lliot Dr Cache Peak Reno Vista Dr Subject Frank Ct Ct Ct Dr June Ave Lucy Ave Be ttie Joy Ln Patricia Ln Ave Shirley Ave Scottsdale Rd Vallee Way Nina Ave E Leonesio Dr Crystal Ln?D 443 Golfview Rd Clear Valley Rd 395 Starks Way Dr Feet Epley Rd C ityview Ter Ridgecre s t Epic Ave

6 PROPERTY DETAIL & CONTOUR MAP 4940 ft 4930 ft 4920 ft 4910 ft 4760 ft 4770 ft 4780 ft 4900 ft 4870 ft 4780 ft 4880 ft 4860 ft 4850 ft 4840 ft 4830 ft 4820 ft 4810 ft 4800 ft 4790 ft 4890 ft Natasha Way Doreen Ct 4920 ft Gigi Ln Ballard Ct Frank Ct June Ave Joy Ln Vallee Way Patricia Ln 4790 ft 4800 ft 4770 ft 4780 ft Legend 10ft Contour Mindi Ln Feet Sabina Way Elliot Dr Cache Peak Dr Reno Vista Dr Loki Ct Murray Dr Scottsdale Rd Bullwinkle Dr 4770 ft 4760 ft Odin Way 4750 ft 4740 ft 4730 ft 4720 ft 4710 ft 4700 ft 4690 ft 4680 ft 4670 ft Lucy Ave 4660 ft Bettie Ave Shirley Ave 4650 ft Nina Ave?D 443

7 PROPERTY DETAIL MAP Natasha Way Joy Ln Doreen Ct ±16.5 acres June Ave Vallee Way Patricia Ln Lucy Ave Sabina Way Loki Ct Scottsdale Rd Bullwinkle Dr Bettie Ave Nina Ave Mindi Ln Elliot Dr Cache Peak Dr Odin Way Shirley Ave Feet Reno Vista Dr?D 443

8 PANORAMA VILLAGE 276 UNITS PROPERTY PHOTOS

9 PANORAMA VILLAGE 276 UNITS PROPERTY PHOTOS

10 PANORAMA VILLAGE 276 UNITS RENO, NEVADA RENO, NEVADA Downtown Reno, formerly filled with casinos and tourist shops, has enjoyed a renaissance of sorts over the past few years. The casinos are still there, but so are chic condominiums and apartments that come with stylish downtown living. Markets, coffeehouses, lounges, savory restaurants, a movie theater, breweries and various shops line what s known as the Truckee River Arts District, culminating with the heart of this urban experience The Riverwalk District. There s also the Truckee River Whitewater Park at Wingfield Park, host of the annual Reno River Festival, the nation s leading whitewater event. Just a few blocks east is the new Freight House District, an entertainment complex at the Aces Ballpark with bars and restaurants. To experience Reno s newest, most up-andcoming part of town, head just a few blocks south of the downtown area to experience the MidTown district. Full of quirky, locally owned shops and distinctive restaurants, this is one part of town you ll definitely want to experience. Also downtown, visit the Nevada Museum of Art and the National Automobile Museum. Reno s amazing events lineup includes food, art and jazz festivals, outdoor expos, fun runs, marathons, and bicycle races. Hot August Nights, Artown and Street Vibrations, just for starters. The events list is long and varied, and there really is something for everyone in Reno. The fact is, The Biggest Little City in the World really has grown up, and there is no better place to have a little fun.

11 RENO MARET REPORT 2Q18 NEW HOUSING TRENDS 1 ECONOMIC TRENDS 3 NEW HOME STARTS UNEMPLOYMENT RATE New Home Starts vs Closings 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Starts Closings Source: MetroStudy Vacant Developed Lots & Months Supply NEW HOME CLOSINGS 10.7% 2nd Quarter ,065 2nd Quarter ,651 AVERAGE NEW HOME BASE PRICE 2nd Quarter 2017 $421,987 2nd Quarter 2018 $489,572 2nd Quarter ,913 2nd Quarter , % 16% RENO MSA NEVADA June 2017 June 2018 June 2017 June % 3.5% 5.3% 4.5% -0.8% TOTAL NONFARM EMPLOYMENT (in thousands) -0.8% RENO MSA NEVADA June 2017 June 2018 June 2017 June , , % +2.4% EMPLOYMENT GROWTH RENO MSA NEVADA Annualized Employment Change Annualized Employment Change 4.2% 3.5% $800B $700B $600B $500B $400B $300B $200B $100B $0B US Construction Spending Last 12 Mo Residential Non-Residential Source: US Census Consumer Price Index - Total CPI vs Shelter 6,000 5,500 5,000 4,500 4,000 3,500 3,000 Vacant Dev Lots Months Supply Source: MetroStudy Top Builders by Closings (Last 12 Months) Lennar 440 Toll Brothers 286 DR Horton/Express/Emerald Jenuane Communities Ryder Homes of Nevada Lifestyle Homes Silverado Homes Source: MetroStudy Employment Growth* Last 12 Mo *Average YOY Monthly Employment Change Source: Bureau of Labor Statistics 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 1.0% 2.0% 3.0% Jun-08 Dec-08 Jun-09 Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 CPI Shelter 5.0 Single Family & Multi-Family Permits 14 Population Growth & Total Population 500 Healthy YOY Employment Growth Seen In ,443 2,316 1, ,000 2,223 2, , ,243 1, Mo Single Family Multi-Family Source: US Census Population Growth Total Population Source: US Census Trade, Transportation & Utilities 22.4% Education & Health Services 5.2% Manufacturing 2.2% Professional & Business Services 1.9% Sources: (1)"Reno Nevada Executive Summary, Second Quarter 2018" MetroStudy (2) Reno Sparks Associations of REALTORS, March June 2018 Market Report (3) Bureau of Labor Statistics