NORTHERN NEVADA INVESTMENT OFFERING€¦ · PROJECT DESCRIPTION 190 RESOURCE DRIVE | FERNLEY,...

NORTHERN NEVADAINVESTMENT OFFERINGSIMPLEX-USA CORPORATE HEADQUARTERS + MANUFACTURING FACILITY183,435 Square Feet | 100% Leased, 10-Year NNN Investment Opportunity 190 Resource Drive, Fernley, Nevada

INDUSTRIAL PROPERTIES

WATCH VIRTUAL TOUR HERE

ACCEPTING OFFERS THROUGH NOVEMBER 21, 2020

https://vimeo.com/460810496

Miller Industrial Properties is pleased to present the opportunity to acquire the Simplex-USA manufacturing facility located in Fernley, Nevada. The project is approximately 185,000 square feet of industrial property on 10 acres. Located in the Interstate-80 East submarket of the northern Nevada industrial real estate market, the property is strategically located proximate to transportation infrastructure and a strong local workforce.

Opportunities to acquire a non-portfolio property with a long term lease are very rare in northern Nevada. Please execute the Non-Disclosure Agreement (NDA) for additional information (financial information, construction drawings, environmental reports, etc.) and to schedule a property tour.


NON-DISCLOSURE AGREEMENT (NDA)

https://millerindustrialproperties.formstack.com/forms/190nda

TENANT PROFILESIMPLEX-USA (SJC Holdings, Inc.)

When SJC Holdings decided to relocate out of Ontario, CA, the big question was where? Where can they operate in a business-friendly environment? Where can their employees enjoy reasonable housing and quality of life? Where is it best to manufacture and distribute to the West Coast and beyond? The answer was Fernley, Nevada.

Fernley is located approximately 29-miles east of Reno and is situated along the Interstate 80 Highway. With easy access to all points of the compass Simplex can be in Los Angeles, San Francisco, Portland, Oregon or Salt Lake City, Utah within a half days ride. Other companies that have seen the light in and around the Reno area are Tesla, Apple (cloud storage), Google and Ford to name a few. In addition to the great transportation infrastructure, the Reno area provides an abundance of reasonable housing opportunities. The median house price in the Reno metro area is $403,000 which is half of the southern California market and 40% of the San Francisco market area. In addition to the more affordable housing, the area provides great lifestyle opportunities by way of Hiking and Skiing, lake sports, hunting and fishing. Reno is also the home to the University of Nevada which is feeder for local employment.

SJC Holdings has 3 locations around the United States with Fernley as its corporate headquarters. The other locations are in Carlyle, IL and Minneapolis, MN. SJC holdings has annual revenues topping $100 million and reported EBITDA of roughly 10% of Revenue.

It is easy to see that Simplex-USA is heavily committed to the manufacturing process at 190 Resource in Fernley. The ample yards allow for year-round additional storage areas for raw goods and finished orders. Expansion on adjacent land is also available if needed. This property is an ideal location for Simplex-USA and the property specifications make it a perfect fit.

The future looks bright for Simplex-USA. They are heavily involved in improving America’s infrastructure through their innovative concrete reinforcing products for highway, bridge, and runway construction. The new location in Fernley will allow Simplex-USA to grow substantially with their 4 walls as the Federal Government spends more and more on rejuvenating our country’s highways and byways. The future is now in Fernley, Nevada.

VIDEO: WE ARE SIMPLEX


LEASE SUMMARY190 RESOURCE DRIVE | FERNLEY, NEVADA

SIMPLEX-USA (SJC Holdings, Inc.)

PREMISE RENTABLE SQUARE FEET

183,435 SFLEASE COMMENCEMENT DATE

February 1, 2020

LEASED PERCENTAGE

100%LEASE EXPIRATION DATE

January 31, 2030

RECOVERY TYPE

NNNLEASE TERM

10 Years (120 Months)

PLEASE FILL OUT NON-DISCLOSURE AGREEMENT (NDA) FOR FULL

LEASE DETAILS.

CURRENT TERM REMAINING

9 Years, 4 Months

NON-DISCLOSURE AGREEMENT (NDA)

https://millerindustrialproperties.formstack.com/forms/190nda

PROJECT DESCRIPTION190 RESOURCE DRIVE | FERNLEY, NEVADA

The project was a purpose-built manufacturing facility completed in 2002 for a western expansion of a truck camper shell company. This user

occupied the facility long-term with employment numbers up to 300 at the top of production. An economic downturn forced the downsizing of the

western operation to handling only returns and repairs and ultimately led to the user vacating the property. As of recent, the property has been primarily

short-term leased by contractors working on the new Tesla facility as a pre-assembly and staging area.

The concrete tilt-up property was designed with masonry interior walls for long term durability, extra thick slabs in areas, and an abundance of

power. The site for the project was selected due to the immediate proximity to Interstate 80 and the abundant local labor force. A complete new roof

membrane was recently installed. Overall, the property is in excellent condition, reflecting the years of original pride of ownership.

In 2019, Miller Industrial Properties secured a new long-term manufacturer moving into northern Nevada from the Los Angeles area. The project fits

the needs of this new tenant well and provides every manufacturing feature they require, including meeting expansion needs, both in terms of building

systems capacity and footprint expansion. The project has been updated for the new tenant and is currently at, or above, market standards in all

respects.

PROJECT SPECIFICATIONS190 RESOURCE DRIVE | FERNLEY, NEVADA

183,435 SF 4000A /480V 3-phase power with distribution

5,800 SF main offices + 4,350 SF shop offices Zoned Industrial (M-1)

4 dock high doors Built in 2002

9 drive-in doors (3 extra wide, 25’ doors) Seven (7) Cambridge warehouse heaters

.33/3000 and .45/2500 fire suppression systems One, 10-ton + two, 2-ton bridge cranes

LED lighting Parking for 150 cars

26.5’ eave height at first column Trailer parking

50’ x 50’ column spacing City sewer

Dimensions: 410’ x 440’ Lyon County APN: 021-261-29

City of Fernley reports 4.72 acre/feet dedicated water rights Southwest Gas reports 3.5 million BTU meter, 10 lbs gas service


190 RESOURCE DRIVE, FERNLEY

Deceunick North America

Quad /Graphics

MSC Industrial Supply Co.

Webstaurant Store

Polaris Industries

Cyclone Transport

Trex Company


John MansvilleFortifiber Bldg. Systems

Essential WestDeceunick North America

Polaris Industries

Quad / Graphics

Clean Earth

MSC Ind.Feldmeier Equipment

Polyglass USA

Sherwin Williams

Trex Co.Case New HollandTrex Co.

Webstaurant

PROJECT PARCEL MAP190 RESOURCE DRIVE | FERNLEY, NEVADA

RESOURCE DRIVE

BUILDING PLAN190 RESOURCE DRIVE | FERNLEY, NEVADA

FOR MOREINFORMATION(775) 828-4665

Thomas Miller, CCIMPresident | (775) [email protected]

Miller Industrial Properties1485 Southern WaySparks, Nevada 89431

190 RESOURCE DRIVE | FERNLEY, NEVADA

12x16’

25x16’

25x16’

12x16’

25x16’

14x14’

9x10’9x10’

9x10’9x10’

14x12’

14x14’

8x8’

410’

440’

Compressor Room

R.T.O.

90’

Typical Column Spacing:50’x50’

OFFICE PLANS190 RESOURCE DRIVE | FERNLEY, NEVADA





DriversRoom

Restroom

Restroom

Lunch ConferenceRoom

12’12’12’12’12’12’14’ 12’ 2” 11’ 6”

15’ 6” 12’

12’ 11’ 8”

12’

12’

12’

12’

12’

12’

Restroom

Restroom

LunchConference

Room

MainEntrance

19’ 6”

24’ 6”

12’

28’

5,800 SF MAIN OFFICE MODULEFOR MOREINFORMATION(775) 828-4665




DriversRoom

Restroom

Restroom

Lunch ConferenceRoom

12’12’12’12’12’12’14’ 12’ 2” 11’ 6”

15’ 6” 12’

12’ 11’ 8”

12’

12’

12’

12’

12’

12’ Driver’s Room

Restroom

Restroom

LunchConference

Room

MainEntrance 14’

19’ 6”

24’ 6”

12’

28’

5,800 SF MAIN OFFICE MODULE


DriversRoom

Restroom

Restroom

LunchConferenceRoom

12’ 12’ 12’ 12’ 12’ 12’ 14’12’ 2”11’ 6”

15’ 6”12’

12’11’ 8”

12’

12’

12’

12’

12’

12’Driver’s Room

Restroom

Restroom

LunchConference

Room

MainEntrance14’

19’ 6”

24’ 6”

12’

28’



DriversRoom

Restroom

Restroom

Lunch

12’12’12’12’14’ 12’ 2”

15’ 6”

12’ 11’ 8”

12’

12’

12’

12’ Driver’s Room

Restroom

Restroom

Lunch

MainEntrance


FOR MORE

INFORMATION

(775) 828-4665 Thomas Miller, CCIM

President | (775) 742-9891

[email protected]

Miller Industrial Properties

1485 Southern Way

Sparks, Nevada 89431


DriversRoom

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12’

12’

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15’ 6”

12’

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Northern Nevada is ranked the #1 MSA for job growth (EDAWN.org and Milken Report 2020). Bay Area companies continue to move to Reno and the surrounding areas to lower their business operating costs and to provide their employees with a lower cost of living.

Widely known companies such as Tesla, Microsoft, Amazon, Apple, Patagonia, Urban Outfitters, Switch, Google, Patagonia, and Panasonic call northern Nevada home for some of their largest and most important business functions.

MARKET OVERVIEW

90 Million Square FeetThe northern Nevada industrial market consists of 90 million square feet of product spanning from south Reno to the North Valleys and from the California-Nevada state line to Fernley, Nevada.

Vacancy RateQ2 2020 Vacancy Rate - 6.22%

2019 End of Year Vacancy Rate - 7.05%5-Year Average Vacancy Rate - 7.55%

Net AbsorptionQ2 2020 Net Absorption - 982,219 SF2019 Net Absorption - 2,009,924 SF

5-Year Average Net Absorption- 977,510 SF

New Construction5.7 Million Square Feet

of industrial product on the books for 2020 - 2021

MARKET OVERVIEWRENO-SPARKS, NEVADA

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VACANCY PERCENTAGE BY QUARTER

MARKET AERIALNORTHERN NEVADA INDUSTRIAL MARKET

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FERNLEY, NEVADA

TAHOE-RENO INDUSTRIAL CENTER

SPANISH SPRINGS

COLD SPRINGS

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RENO

SPARKS

DAYTON

CARSON CITY

SILVER SPRINGS

395

50

50

95

80

80

580

WHY NORTHERN NEVADA?BUSINESS ADVANTAGE

Logistics Hub - Transportation & Market AccessWith borders on five states, Nevada provides efficient transportation to the eleven western states. Northern Nevada is a hub of an extensive transportation network on two major highway corridors: Interstate 80 and U.S. Highway 395. Interstate 80 connects Reno/Sparks to San Francisco to the west and Salt Lake City to the east. U.S. Highway 395 runs northbound to Oregon, Washington and Canada & southbound to Los Angeles.

The northern Nevada industrial market is strategically located at the epicenter of the western United States, providing a convenient point of distribution for truck, rail, and air services. The Fernley location, located just outside of the Reno/Sparks area, allows for overnight delivery to the majority of the eleven western states (53 million people) and two-day delivery to over 70 million people via truck and rail freight shipping.

WorkforceThe great Reno-Sparks market has a labor force of more 267,000 people, with a close proximity to metro cities like Sacramento, Phoenix, and San Francisco, and the quality of life to attract young professionals.

Favorable Tax Climate• No corporate income tax• No inventory tax• No franchise tax• No personal income tax• No inheritance tax• No estate tax• No unitary tax• No intangibles tax(Source: EDAWN, 2020)

SEATTLE727 miles

PORTLAND581 miles

SAN FRANCISCO265 miles

LAS VEGAS414 miles

LOS ANGELES465 miles

SAN DIEGO552 miles

BOISE390 miles

SALT LAKE CITY486 miles

PHOENIX714 miles

DENVER1,001 miles

ALBUQUERQUE989 miles

FERNLEY, NEVADA

ONE-DAY SHIPPING

TWO-DAY SHIPPING

NEVADA RANKED TOP TEN STATES FOR ECONOMIC

GROWTH POTENTIAL(Source: Economy.com)

WHY NORTHERN NEVADA?LIFESTYLE ADVANTAGE

Reno-Tahoe: The CityAffectionately known as “The Biggest Little City in the World,” Reno has a population of 430,000 people and offers a quality of life that is hard to match.

Reno’s residents experience many cultural activities including multiple museums, ballet, theatre companies, symphony, and opera. There are many venues for sporting events and concerts including the Reno Events Center, Reno Livestock Event’s Center and Lawlor Events Center. Various districts and events in the city offer no shortage of things to do.

Outdoor RecreationNorthern Nevada is also renowned for its outdoor beauty and variety of adventure options, including winter activities like skiing, snowboarding, snowshoeing, and ice skating and spring/summer/fall activities like golf, hiking, mountain biking, kayaking, whitewater rafting and fishing.

And with more than 300 days of sunshine every year, there’s plenty of time to enjoy it all. Lake Tahoe is a 30-minute drive from downtown Reno, and Reno-Tahoe has the highest concentration of slopes in North America. The Truckee River flows from Lake Tahoe through the heart of Reno and Sparks, creating summertime activities like kayaking and whitewater rafting, fishing and tubing.

University of Nevada, RenoEstablished in 1874, the University of Nevada, Reno is a National Tier 1 University and one of the nation’s top public research universities. Its College of Engineering has put Nevada researchers at the forefront nationally in a wide range of civil engineering, earthquake and large-scale structures testing and modeling.

RENO RANKED #1 IN AMERICA’S TOP SMALL CITY PROFILE

(Source: Resonance 2020, MSA 100,000 - 500,00)

INDUSTRIAL PROPERTIESINTERACTIVE PANORAMIC

PASSWORD: MILLER

https://hilton-nixon.com/miller-industrial-properties/


LOCAL CONTACTS: INQUIRIES & TOURSMILLER INDUSTRIAL PROPERTIES

Thomas Miller, CCIMPresidentDirect: (775) 742-9891Email: [email protected]

Nevada License: B.0023542.LLC

Beki DobsonSenior Brokerage Associate

Nevada License: S.0185293

REGIONAL CONTACTUFP REAL ESTATE, LLC

John RotticciDirector of Real EstateDirect: (209) 602-8911Email: [email protected]

CONTACTS

WATCH VIRTUAL TOUR HERE


NORTHERN NEVADA INVESTMENT OFFERING€¦ · PROJECT DESCRIPTION 190 RESOURCE DRIVE | FERNLEY,...

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