MARSHALL RANCHLAND FOR SALE

www.cbre.com/reno

WINNEMUCCA RANCH ROAD & PYRAMID HIGHWAYWashoe County, Nevada (30 Miles North of Reno)

Main Ranch1,200 Acres

Paiute Canyon480 Acres

Warm Springs173 Acres

CONTACT US

BRETT EDWARDS+1 775 823 6968brett.edwards@cbre.com

REX MASSEY+1 775 321 4480rex.massey@cbre.com

TABLE OF CONTENTS

04 PROPERTY OVERVIEW

05 LOCATION OVERVIEW

08 MAIN RANCH

10 PAIUTE CANYON

12 WARM SPRINGS

14 MARKET OVERVIEW

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

A truly one of a kind property just 30 minutes north of Reno, Nevada.

© 2016 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verifi ed it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confi rm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, fi nancial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affi liated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

MARSHALL RANCH

PYRAMID LAKE

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

3

PROPERTY OVERVIEW

The Marshall Ranch is a truly picturesque property just 30 minutes north of downtown Reno. The ranch would make for a great horse property or agribusiness supporting specialty crops and livestock production. The ranch can support a multitude of uses.

The property has abundant water resources and is composed of three separate non-contiguous areas. Warm Springs (173 acres) is under alfalfa production and is suitable for a variety of crops or greenhouses. An existing 12” well pumps warm water.

The Main Ranch is comprised of 1,200 acres of meadows and sagebrush used for grazing and grass hay production. Historic remnants remain of an old stagecoach stop on the former main route into California. There are also small ponds, large cottonwood trees, and old farmhouse structures currently unoccupied. Access to the ranch is provided by Winnemucca

Ranch Road, a county maintained gravel road, approximately 10 miles north of the Pyramid Lake Highway.

The third area of the ranch includes a truly unique 55 acre fenced meadow as part of the 480 acre holding known as Paiute Meadows. The meadow is completely fenced and is surrounded by public lands administered by the BLM.

The ranch is located near exceptional recreational opportunities including the Moon Rocks ORV area. Just minutes away is Pyramid Lake which boasts world class cutthroat fi shing with trophies being caught in excess of thirty pounds. Pyramid Lake rivals Lake Tahoe in size and recreational opportunities. The Main Ranch is surrounded by the Dogskin Mountains to the west and the Virginia Mountains to the east.

NAME DESCRIPTION APN’S LAND SIZE WATER RIGHTS* PRICE

1 Main Ranch1,200 acres on and adjacent to Winnemucca Ranch Road

079-220-18079-220-23079-220-26079-220-28079-200-29079-220-37

±1,200 acres

64.4 acre feet certifi cated groundwater rights; 688

acre feet vested surface rights

$3,748,800

2 Paiute Canyon

Mountain meadow and grazing land located about three miles east of the main ranch toward Pyramid Lake

076-011-02076-011-03079-220-02079-220-05079-220-19

±480 acres216 acre feet, vested

surface rights$499,200

3 Warm Springs

Warm Springs unit, located on the Winnemucca Ranch

Road, at the turnoff to Moon Rocks

079-200-37079-210-42

±173 acres

56 acre feet vested spring rights; 320 acre feet

permitted and certifi cated groundwater rights

$1,452,000

14 parcels ±1,853 acres 1,344 acre feet $5,700,000

*Permits for additional surface water, estimated at about 200 additional acre feet of “wet” water, currently permitted for municipal use in Lemmon Valley (permit totals over 1,500 acre feet. Also, approved application for Recharge, Storage and Recovery permit for the permitted surface water (Permit R-014).

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

4

LOCATION OVERVIEW

The property is located 25 miles north of Interstate 80 along SR 445 (Pyramid Highway) off of Winnemucca Ranch Road. The immediate area is comprised of gentlemen ranches and bordered by vast amounts of public land administered by the BLM. Nearby Pyramid Lake is 10 minutes from the property and affords boating and fi shing opportunities on Pyramid Lake Reservation. Unlimited recreational use surrounds the ranch.

To Pyramid Lake >

To Pyramid Lake >

SPANISH SPRINGSSPANISH SPRINGSBUSINESS CENTERBUSINESS CENTER

MAIN RANCH

RYDERRYDERHOMESHOMES

ARTISANARTISANCOMMUNITIESCOMMUNITIES

LENNARLENNARHOMESHOMES

PYRAMID HIGHWAY

PYRAMID HIGHWAY

LA POSADA DRLA POSADA DR

EAGLE CANYON RDEAGLE CANYON RD

WARM SPRINGS

PYRAMID PYRAMID LAKELAKE

WINNEMUCCA RANCH ROAD

WINNEMUCCA RANCH ROAD

PAIUTE CANYON

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

5

LOCATION OVERVIEW

LOGISTICENTER IILOGISTICENTER II

MAIN RANCH

LOGISTICENTER ILOGISTICENTER I

STEAD AIRPORTSTEAD AIRPORT

NORTHERN NORTHERN NEVADA NEVADA

COMMERCE COMMERCE CENTERCENTER

LEMMON DRIVELEMMON DRIVE

NORTH VIRGINIA STREET

NORTH VIRGINIA STREET

WARM SPRINGS

PYRAMID PYRAMID LAKELAKE

PAIUTE CANYON

LOCATION OVERVIEW

SAGE POINT SAGE POINT BUSINESS PARKBUSINESS PARK

STEADSTEAD MILITARY ROADMILITARY ROAD

US HIGHWAY 395US HIGHWAY 395

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

6

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

7

MAIN RANCH SUMMARY

Description: ±1,200 acres on and adjacent to Winnemucca Ranch Road, consisting of about 200 acres of irrigated meadow and pasture, two reservoirs, extensive fencing, corrals and grazing land, and two houses, currently not habitable. The ownership currently produces grass hay in the meadows and also grazes cattle year-round.

Dogskin and Virginia Mountains surround the ranch. The irrigated meadows are to the north and south of the main ranch buildings. A creek runs through the ranch, and there are spring fed meadows and streams. Both reservoirs are also fed by surrounding springs.

Water: 688 acre-feet annually of adjudicated vested surface irrigation water rights with an 1867 priority date. The source of this water is Winnemucca Valley Creek, plus two tributaries, Dewey Springs and Pradere Springs. The only other user of the creek water is the Winnemucca Ranch, upstream. Their water can only be used for irrigation as it has historically been used because it is covered with a conservation easement. The main ranch also has 64.4 acre feet of certifi ed groundwater rights.

*Permits for additional surface water, estimated at about 200 additional acre-feet of “wet” water, currently permitted for municipal use in Lemmon Valley (permit totals over 1,500 acre feet). Also, approved application for Recharge, Storage and Recovery permit for the permitted surface water (Permit R-014).

NAME DESCRIPTION APN’S LAND SIZE WATER RIGHTS* PRICE

1 Main Ranch1,200 acres on and adjacent to Winnemucca Ranch Road

079-220-18079-220-23079-220-26079-220-28079-200-29079-220-37

±1,200 acres

64.4 acre feet certifi cated groundwater rights; 688 acre feet vested surface

water rights

$3,748,800

Main Ranch

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

8

MAIN RANCH PHOTOS

Main Ranch Headquarters

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

9

MAIN RANCH PHOTOS

A Two-Acre Irrigation Pond Main Ranch Headquarters and Meadow

Main Ranch Meadow

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

10

PAIUTE CANYON SUMMARY

Description: ±450 acres located two miles off of Winnemucca Ranch Road with a 55 acre fenced meadow featuring incredible views. Naturally irrigated by a series of springs. The meadow would be ideal for orchards/vineyards, recreational camping, or continued livestock grazing.

There is no power to this site. This site offers unmatched privacy and is surrounded by public lands administered by BLM. There are 320 continguous acres surrounding the meadow making Paiute Canyon a truly unique offering. An existing dirt road provides the only access to the south end of Paiute Canyon. Rock outcrops add to the stunning views from this isolated site.

Water: 216 acre-feet annually of spring fed water rights.

NAME DESCRIPTION APN’S LAND SIZE WATER RIGHTS PRICE

2 Paiute Canyon

Mountain meadow and graz-ing land located about three miles east of the main ranch

toward Pyramid Lake

076-011-02076-011-03079-220-02079-220-05079-220-19

±480 acres216 acre feet vested

surface rights $499,200

Paiute Canyon

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

11

PAIUTE CANYON PHOTOS

View East from Paiute Canyon View South, Toward Reno

Viewing North: 55 Acre Fenced Meadow

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

12

WARM SPRINGS SUMMARY

Description: Warm Springs unit, located on the Winnemucca Ranch Road, at the turn-off to Moon Rocks, consisting of ±173 acres of land, 320 acre feet irrigation groundwater rights, a well and a 71 hp John Deere motor, gear head and turbine pump, a 150+ John Deere Motor and centrifugal pump, and a 6-section Valley center pivot sprinkler, with new motors, sprinklers, drop lines and tires. The property is fenced. There is no power to the property.

The Pivot: 6-section (995 feet) Valley center pivot (installed 2015); structure used, most operating parts including generator, motors, tires, drop lines and sprinklers and non-metallic parts are new.

Irrigation is from a 12” well from which warm water is pumped by the 71 hp John Deere diesel motor into a cooling pond. Water is pumped from the pond into the center pivot under ±70 psi pressure. The property also has a 3,000 foot geothermal test well. The downhole temperature has been measured at about 205 degrees farenheit.

The owner produces high quality alfalfa and sells directly to the local market.

NAME DESCRIPTION APN’S LAND SIZE WATER RIGHTS PRICE

3 Warm Springs

Warm springs unit, located on the Winnemucca Ranch

Road, at the turnoff to Moon Rocks

079-200-37079-210-42

±173 acres

56 acre feet vested spring rights; 320 acre feet

permitted and certifi cated groundwater rights

$1,452,000

Warm Springs

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

13

WARM SPRINGS PHOTOS

Wheel Lines South of Winnemucca Ranch Road Alfalfa Crop

Pivot and Paiute Canyon in the Background

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

14

MARKET OVERVIEW

GREATER RENO/TAHOE AREA 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.

Reno, the county seat, is the third largest city in Nevada and has been long known as the “Biggest Little City in the World.” Reno residents have access to fi rst-class entertainment, dining, and recreational opportunities all within view of the snow-covered Sierra Nevada mountains. Today, Reno is pioneering an economic future as one of the United States’ clean energy, technology, and entrepreneurial leaders. Reno is home to such notable institutions as the University of Nevada, Reno, the Nevada Museum of Art, and the internationally-recognized Desert Research Institute, as well as the headquarters for companies like Microsoft Licensing and International Gaming Technology.

The gaming/tourism industry attracts 5,000,000 visitors per year to the region and is a signifi cant economic driver in both Reno and greater Nevada. Adding to the already extensive gaming and tourism segment, services like manufacturing and distribution are growing rapidly. Companies such as Amazon, PetCo, GM, Tire Rack, Urban Outfi tters, and Zulily all have West Coast distribution centers in the area. The region is expanding both its transportation and warehousing services to continue to appeal to large distribution users. The Reno area is also becoming home to many high-tech manufacturing fi rms.

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

15

MARKET OVERVIEW

Among recently relocated companies such as Tesla/Panasonic, Apple, and Switch, there is also a growing segment of startups beginning to take root in Downtown Reno in an area known as Startup Row, as well as a burgeoning drone industry with the recent relocation of such companies like Ashima Devices (400+ jobs) and commercial UAV delivery startup Flirtey.

A playground for Bay Area residents, Reno/Sparks/Tahoe’s natural beauty and its distinctive four-season climate offer almost every type of recreational activity. The majestic Sierra Nevada Mountains form the western boundary of Truckee Meadows which features alpine and Nordic skiing at 18 major resorts. Fishing, sailing, swimming, hiking, biking, camping and horseback riding are all exceptional and less than half an hour away in the numerous mountains and desert lakes surrounding the region.

Reno/Sparks/Tahoe is the cultural center of the Sierras and home to its own opera company, ballet, symphony orchestra, chamber orchestra, repertory theatres, art galleries, and museums. There are over 80 city parks and over 10 golf courses to enjoy.

In addition to cultural activities, the area offers three regional shopping malls including the 1.2 million square foot Outlets at Sparks, the Summit Mall anchored by Dillard’s, and the recently updated Meadowood Mall anchored by Macy’s, JC Penney, and Sears.

The region boasts three major medical centers including Renown Health, St. Mary’s, and Northern Nevada Medical Center with a total of 1,150 beds, as well as a VA hospital.

The top 10 annual events in the area (ranked by order of attendance) include Hot August Nights, the Best in the West Nugget Rib Cook-off, Artown, the National Championship Air Races, the Great Reno Balloon Race, Reno Rodeo, Nevada State Fair, Reno River Festival, Lake Tahoe Shakespeare Festival, and the Legends Reno-Tahoe Open.

Pyramid Lake

Virginia Street, Downtown Reno

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

16

RENO/TAHOE REGIONAL EMPLOYERS MAP

NNN

Reno-SteadAirport

Reno-SteadAirport

Reno-TahoeReno-TahoeInt’l Airport

iCloud Data Center

Licensing

.com

To Lake TahoeSki Resorts:

Reno TechnologyPark

WALMARTDistribution Center

Distribution Center

(Software)

LeLeLeLemmmmmmmonono VVValalaa leleleel yyyLemmon Valley

GoGoGoGoGoldldldldldllddllddenenenene VVVVVVVValalalaaaa leleeyyGGolden ValleySuSuSuSunnnnn VaVaVaVaVV lllllllleyeyeeySun Valley

FeFeFeeFeFeF nnrnrnrnrnnnleleleeeleeeyyyyyyFernley

McMMcMMccMcCaaaCaCC rrrrr annnnMcCarran

SpSpSSSpSpananisisisshhhh SpSpSpprirr ngngssSpanish Springs

CoCoCooCoCoC ldldldld SSSSSSSprprprppp inniningsgsgsgsgCold Springs

MoMoMoMogugugugulllMogulVeVeVeVeerdrdrdrdiiiiVerdi

Reno

Sparks

445

650

395

80

80

InIn580

580

M A R S H A L L R A N C H | W A S H O E C O U N T Y , N E V A D A

17

CONTACT US

BRETT EDWARDS+1 775 823 6968brett.edwards@cbre.com

REX MASSEY+1 775 321 4480rex.massey@cbre.com

www.cbre.com/reno

Main Ranch Paiute Canyon Warm Springs