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) 329-4000 x103 Cell: (775) 762-2225 ron@cpnv.com Peter Ghishan, Esq. Principal Direct: (775) 329-4000 x105 Cell: (775) 247-7708 peter@cpnv.com
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
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 568-041-14-15-16, and 080-191-25 Offering Price $6,300,000.00 or $25,000.00/ per lot Offering Summary
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
Maps 5 Area Maps & Aerials (continued) Shown above is satellite imagery and overlay of the tentative site plan. Area Maps & Aerials
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
Maps 7 Area Maps & Aerials (continued) Shown above is a north facing view of the site plan overlay. Area Maps & Aerials
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
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
Approved Tentative Maps 10 Shown above is the Preliminary Site Plan for Unit 1 of North Valley Estates. Approved Tentative Maps
Approved Tentative Maps (continued) 11 Shown above is the Preliminary Site Plan for Unit 2 of North Valley Estates. Approved Tentative Maps
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 Development Costs North Valley Estates Development Costs Unit 1-45 Lots Total Per Lot Land Acquisition $ 1,125,000.00 $ 25,000.00 Water Rights & Fees $ 180,207.00 $ 4,004.60 Improvement Costs $ 1,440,670.00 $ 32,014.89 Finished Lot Costs $ 2,745,877.00 $ 61,019.49 Unit 2-141 Lots Total Per Lot Land Acquisition $ 3,525,000.00 $ 25,000.00 Water Rights & Fees $ 498,102.00 $ 3,532.64 Improvement Costs $ 3,390,822.96 $ 24,048.39 Finished Lot Costs $ 7,413,924.96 $ 52,581.03 Unit 3-66 Lots Total Per Lot Land Acquisition $ 1,650,000.00 $ 25,000.00 Water Rights & Fees $ 264,542.64 $ 4,008.22 Improvement Costs $ 1,734,782.50 $ 26,284.58 Finished Lot Costs $ 3,649,325.14 $ 55,292.81 Average Total Per Lot Land Acquisition $ 6,300,000.00 $ 25,000.00 Water Rights & Fees $ 942,851.64 $ 3,741.47 Improvement Costs $ 6,566,275.46 $ 26,056.65 Off Site Improvements $ 220,463.10 $ 874.85 Total Costs $ 14,029,590.20 $ 55,672.98 Development Costs