FOR SALE | ±5.93 ACRES ENTITLED LAND...AIMAN NOURSOULTANOVA, CCIM Senior Vice President +1 775 823 6983 [email protected] SITE Offering: ±5.93 Acre Multifamily Development

Capital Markets | Investment Proper ties

FOR SALE | ±5.93 ACRES ENTITLED LAND WILD GOOSE VILLAS | 1701 & 1759 MONTE VISTA AVENUEMINDEN, NEVADA 89423

LUCERNE STREET

MONTE VISTA AVENUE

IRONWOOD DRIVE

OFFERING MEMORANDUM

FOR SALE | ±5.93 ACRES ENTITLED LAND WILD GOOSE VILLAS | 1701 & 1709 MONTE VISTA AVENUE | MINDEN, NEVADA

INVESTMENT SUMMARY

CONTACT US

AIMAN NOURSOULTANOVA, CCIMSenior Vice President+1 775 823 [email protected]

SITE

Offering: ±5.93 Acre Multifamily Development Site

Sale Price: $2,225,000

Location: 1701 & 1709 Monte Vista Avenue

Minden, Nevada

County: Douglas County, Nevada

APN: 1320-30-611-006 & 007

Zoning: MFR - Multifamily Residential

Allowable Units: Entitled for 94 units

Topography: Flat and level

Utilities: All utilities to site

Flood Zone:Zone X Shaded (0.2% Annual Chance Flood Hazard

Zone); and Zone AE (very small corner portion)

Property Taxes (2018/19): $7,532.28

Minden

TO LAKE TAHOE >


LUCER

NE STR

EET

MONTE VISTA AVE.

IRONWOOD DRIVE

VIEW FACING NORTHEAST

VIEW FACING SOUTHEAST

High Sierra FellowshipSpare Backup Inc. (Tech)

Minden Family Medicine, Body Wise Physical Therapy, City National Bank, Lincare and more

Existing Single Family Homes

TO LAKE TAHOE >

MONTE VISTA AVE.

MONTE VISTA AVE.

IRONWOOD DRIVE



© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

IRONWOOD DRIVE

LUC

ERNE ST.

SITE

LANTANA DRIVE

Carson Tahoe Medical Center

Douglas High School

Holiday Inn Express,Maverik Gas Station, Pritchett Eyecare, Edward Jones, Great Basin Physical Ther-apy, Tractor Supply

COUNTY ROADMAHOGANY DRIVE

Carson Valley Inn

Douglas Co. Sheriff

Jake’s Wetland and Wildlife Meadow

Minden Family Medicine, Body Wise Physical

Therapy, City National Bank, Lincare, Douglas

Disposal, Valley Christian, various restaurants

First American Title Insurance, Nevada Property Mortgage, Drago Salon, Little Discoveries Learning Center, Sunsational Tanning, Full Belly Deli, and More

Costco Wholesale: ±11 miles north

Walmart Supercenter: ±4 miles south


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DOUGLAS COUNTY,

NEVADA

Assessor's ParcelsDouglas County Assessor

®1 " = 200 '

REVS'D: 2/12/2018

1320-30-6T 13 N R 20 E

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B L K A Parcel Block Number

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PARCEL MAP

SITE



PROPERTY DESCRIPTION

The subject property, located at 1701 and 1709 Monte Vista Avenue, is a well-located, ±5.93 acre fully entitled development site situated within the town of Minden, Nevada. The property features good visibility, ease of access, and picturesque views of the Sierra Nevada Mountains. It is adjacent to a pond with walking trails, and within walking distance of the Carson Tahoe Medical Center, as well as many offices and restaurants. It is the only multifamily development piece of its kind in Minden and Gardnerville.

Current entitlements are for a 94-unit, three story multifamily housing complex. The preliminary site plan is subject to Douglas County building department design and review. These entitlements are highly desirable, as they are difficult to obtain.

The demand for multifamily properties and developable land in the Reno/Sparks and Carson Valley region is at an all-time high. The current vacancy rate for 80+ unit properties in the region stands at just 3.64%. The average rental rate stood at $1,292, which represents a 9.49% annual growth rate.

In 2018, Northern Nevada was named as the #2 destination for companies relocating from California: over 1,800 companies left the state in 2017 alone. With population growth being fueled by new jobs, no state taxes, and a higher quality of life, demand for new housing opportunities is robust.

*Site plan rendering for illustration purposes only

LUCERNE STREET

MO

NTE

VIS

TA A

VEN

UE

IRONWOOD DRIVE

Jake’s Wetland and Wildlife Meadow

Existing Single Family Residential Homes

< TO U.S. HIGHWAY 395

VIEW FACING NORTHEAST



LOCATION DESCRIPTION

Located on Monte Vista Drive just south of the intersection of Ironwood Drive and

US Highway 395, the Property is easily accessible and highly visible to the passerby.

US Highway 395 provides access north to southeast through the community of

Minden, and is the main artery north to Carson City and south through the state.

The location of the Property not only appeals to the local community, but also to

the thousands of people that travel on U.S. Highway 395. The intersection of U.S.

Highway 395 and Ironwood Drive boasts an average daily traffic volume of

approximately 29,000. Also, Carson Tahoe Hospital, a Starbucks, movie theater,

Big 5 Sporting Goods, Quality Inn and Suites, and local restaurants are just a few

of the retail, dining, lodging and entertainment options conveniently located within

a few blocks of site.

“WILD GOOSE VILLAS NOT ONLY OFFERS SWEEPING

VIEWS OF THE SIERRA NEVADA MOUNTAINS, BUT IT

IS CONVENIENTLY LOCATED ADJACENT TO A POND

WITH WALKING TRAILS, AND IS WITHIN WALKING

DISTANCE OF CARSON TAHOE MEDICAL CENTER, AS

WELL AS NUMEROUS OFFICE AND RETAIL TENANTS”


GREATER RENO/TAHOE OVERVIEW

Greater Reno-Tahoe encompasses the cities of Reno, Sparks, Carson City, Minden/Gardnerville, and Incline Village. The region is centrally located to major western cities including San Francisco, Portland, Salt Lake City, Las Vegas and Los Angeles, all within a day’s drive. With its many recreational opportunities, a rich quality of life, and no state taxes for businesses, the area is strongly poised for continued growth and expansion.

According to the Tax Foundation, Nevada ranks third in the United States for best tax climate. This business-friendly tax environment has opened many possibilities for out-of-state companies to locate facilities here including Tesla, Panasonic, Switch, and Apple. In fact, over 100 companies have relocated to the Reno-Sparks region within the last three years.

EDAWN (Economic Development Authority of Western Nevada) recently reported that the region is on track to meet the projected 52,000-plus new jobs and 47,000-plus new residents by 2020.

According to the EPIC study, the area of Washoe County is seeing steady and improving demographic and employment growth. The economy is becoming increasingly diversified due to a proactive regional business recruitment and retention strategy.

Northern Nevada is supported by locational/transportation advantages which include access to Interstate 80, Union Pacific Mainline Rail, inexpensive redundant power sources and superior fiber connectivity. The infrastructure supports the region’s emergence as a powerhouse in worldwide technology-based commerce.

Northern Nevada’s Regional Job Growth

MARKET OVERVIEWCarson City and Reno are part of the Reno-Carson City-Fernley combined statistical area (CSA), which consists of Washoe, Storey, Carson City, Lyon and Douglas counties, and has an estimated population of over 570,000. Carson City is not only Nevada’s capital, but also a fast-growing town attracting both retirees and young workers who want to live in a safe city close to the area’s outdoor activities and events. Carson City is home to the state’s legislature, governor, courthouses and all the amenities a person will need while traveling through the Silver State. The two main highways in Carson City are U.S. Highway 395, U.S Route 50, and Interstate 580.

The towns of Minden and Gardnerville are located adjacent to Carson City within Douglas County, Nevada. Major Douglas County employers are leaders in the fields of technology, advanced manufacturing, and research. Several dozen technology entrepreneurs and advanced manufacturers are located in the Carson Valley including Baker Hughes, a GE company, North Sails (makers of the America’s Cup sails) and Starbucks Roasting Plant and Distribution Center. With the proximity to Lake Tahoe, tourism plays a major role in employment. Thirty percent of the workforce is employed in the tourism and leisure industry. Larger resorts at Stateline include Harrah’s and Harvey’s Casinos, Edgewood, the Hard Rock Hotel & Casino, MontBleu and Heavenly Mountain Resort.



CONTACT US

AIMAN NOURSOULTANOVA, CCIMSenior Vice President+1 775 823 [email protected]

Documents

FOR SALE | ±5.93 ACRES ENTITLED LAND...AIMAN NOURSOULTANOVA, CCIM Senior Vice President +1 775 823 6983 [email protected] SITE Offering: ±5.93 Acre Multifamily Development