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OFFERING MEMORANDUM 3755 Moorpark Court Sparks NV 89433 El Rancho Estates
OFFERIN
G M
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3755 Moorpark CourtSparks NV 89433
El RanchoEstates
El Rancho EstatesCONTENTS
Gabriel Larkins775-378-1371Lic: [email protected]
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility oferrors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent thecurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Executive Summary Executive Summary 5 Location Summary 6
02 Property Description Property Features 8 Aerial Map 9
03 Demographics Demographics 11 Demographic Charts 12
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Chase International and it should not be made available to any other person or entitywithout the written consent of Chase International. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to ChaseInternational. This offering memorandum has been prepared to provide summary, unverified financial and physical information toprospective purchasers, and to establish only a preliminary level of interest in the subject property. The information containedherein is not a substitute for a thorough due diligence investigation. Chase International has not made any investigation, andmakes no warranty or representation with respect to the income or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the property and improvements, the presence of absence ofcontaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition ofthe improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property. The information contained in this offering memorandum has been obtained fromsources we believe reliable; however, Chase International has not verified, and will not verify, any of the information containedherein, nor has Chase International conducted any investigation regarding these matters and makes no warranty or representationwhatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriatemeasures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses ofinvestigating the subject property.
El Rancho Estates Confidentiality and Disclaimer | 03
CONFIDENTIALITY AND DISCLAIMER:
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT THE CHASE INTERNATIONAL ADVISOR FOR MORE DETAILS.Copyright © 2018 CREOP, LLC. All Rights Reserved.
El Rancho Estates | Executive Summ
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Executive Summary
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Offering Summary
Location Summary
El Rancho Estates Executive Summary | 05
OFFERING SUMMARYADDRESS 3755 Moorpark Court Sparks NV
89433
COUNTY Washoe
MARKET Reno/Sparks
SUBMARKET Sparks
OFFERING PRICE $1,065,000
PRICE PSF $2.79
LAND SF 381,286 SF
OWNERSHIP TYPE Fee Simple
ZONING TYPE NUD
# OF PARCELS 3
APN 02602113,20,55
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2017 Population 9,593 103,365 213,747
2017 Median HH Income $35,908 $37,162 $40,510
2017 Average HH Income $47,380 $49,784 $55,573
•Six picnic and barbeque areas
•Turf area for field games
•One horseshoe pit
•One half-court basketball area
•Pathway connections from the sidewalks to theamenity areas
•One secure children’s play area with playequipment
El Rancho Estates planned development is approved for a total of71 attached single family units located on an approximate 8.75acre site. The attached residences are planned to be built inthirteen building clusters with four to six dwelling units per cluster.Units will range in size from 1,208 to 1,879 square feet of livingspace and lot sizes will range from 1,045 to 1,870 square feet insize. Two and three bedroom models will be offered in twoseparate townhome styles consisting of upslope and downslopeunits. The upslope units are on the uphill side of the street. Thegarage entry is on the second floor via exterior staircase.
The split level downslope units are located on the downhill side ofthe street with the garage entry being on the middle floor level,with the main entry on the third floor level. The lower level islocated below the garage floor level.
In addition, the individual units within each overall building clusterstep down the hill following the grade of the correspondingsection of the street that provides access to the units. Thisconfiguration reduces the amount of cut and fill required toaccommodate the residential units.
Each unit will have a separate driveway that will accommodatetwo vehicles on the end units and one vehicle in the interior units.All units include a one car garage. A total of 184 parking spaceswill be directly associated with the individual units. Recreationalvehicles may only be parked in garages. On street parking will beallowed when not directly across from the proposed units.
Access to the site will be from El Rancho Drive to Moorpark Court.From Moorpark Court, a private street. On-street parking will beavailable within the development. Parking however, will berestricted to one side of the street only where there are noresidential driveways. On Street parking will total 16 spaces.Pedestrian access is provided by a 4 foot wide sidewalk locatedadjacent to, and along one side of the private street from thelength of the private street.
A total of 5.33 acres of common area open space is provided onthe site. Three amenity areas, with pathway access from thesidewalks are planned. The open space will include undisturbedand disturbed area. Landscaping will include revegetation withnative species, as well as the addition of trees and shrubs in aformal manner. Passive and active area will be provided. Openspace amenities will be provided in three primary areasthroughout the site, see bullet points to left.
El Rancho Estates Location Summary | 06
The Reno/Sparks/Tahoe region is the place to be!Companies like Tesla, Switch, Apple, Amazon andmore have entered our marketplace to takeadvantage of our business friendly environment, to bein the transportation hub of the western region, andto enjoy our incredible quality of life.
With a market area of 11 states and 53 million people,the Reno/Tahoe area is a hub serviced by two majorhighways (I-80 and I-580), railways, trucking andairline carriers that make it possible to ship to 80% ofthe 11 western states on a next-day basis. Thatcoupled with the financial advantages - taxexemptions, abatements, deferrals, and in some casesthe complete absence of taxes, just operating yourbusiness here adds to your bottom line. Nevada wasranked #5 Most Business-Friendly Tax Climate by theTax Foundation for 2017. The GreaterReno/Sparks/Tahoe Region offers a business and taxfriendly environment and a lifestyle that is unmatchedin other states. Over the last 4-5 years we havebecome a logistics hub for the west and continue tosee this growth monthly.
Whether you are an outdoor enthusiast, cultural buffor foodie the Reno/Sparks/Tahoe Region has manyattractions. With an average of 252 sunny days a yearthere is never a shortage of outdoor activities and ofcourse we are minutes from the Jewel of the SierraLake Tahoe.
El Rancho Estates is within a 10 minute drive fromboth major highways, the University of Nevada, Reno,Truckee Meadows Community College, and theDesert Research Institute. Only 35 minutes from theTahoe Regional Industrial Center - the hub of newbusiness and technology and shopping and otheramenities are within 5 minutes.
Regional Map
Locator Map
El Rancho Estates | Property Description
Property Description
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Property Features
Aerial Map
Parcel Map
Additional Maps
Property Images
El Rancho Estates Property Features | 08
Site DescriptionLAND SF 381,286
LAND ACRES 8.75
# OF PARCELS 3
ZONING TYPE NUD
TOPOGRAPHY Varies
LOCATION CLASS B
NEIGHBORING PROPERTIESNORTH Falcon Ridge Townhomes
SOUTH Wildcreek Estates
EAST Water Tank
WEST Boulder Creek Apts
UTILITIESWATER At/near site
IRRIGATION At/near site
ELECTRICITY / POWER At/near site
GAS / PROPANE At/near site
TELEPHONE At/near site
CABLE At/near site
El Rancho Estates Aerial Map | 09
El Rancho Estates | Demographics
Demographics
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Demographic Details
Demographic Charts
El Rancho Estates Demographics | 11
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 8,424 90,874 180,332
2010 Population 9,153 98,126 200,973
2017 Population 9,593 103,365 213,747
2022 Population 10,038 108,207 225,336
2017 African American 363 3,833 6,798
2017 American Indian 194 1,895 3,448
2017 Asian 711 5,878 12,874
2017 Hispanic 3,794 40,524 69,254
2017 White 5,751 65,816 146,201
2017 Other Race 1,996 19,752 32,543
2017 Multiracial 453 5,131 10,053
2017-2022: Population: Growth Rate 4.55 % 4.60 % 5.30 %
2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 668 6,218 12,722
$15,000-$24,999 505 5,346 11,077
$25,000-$34,999 525 5,508 11,136
$35,000-$49,999 608 6,253 13,203
$50,000-$74,999 523 6,373 14,480
$75,000-$99,999 313 3,261 8,247
$100,000-$149,999 277 2,447 7,304
$150,000-$199,999 63 721 1,981
$200,000 or greater 19 470 1,609
Median HH Income $35,908 $37,162 $40,510
Average HH Income $47,380 $49,784 $55,573
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 3,425 35,118 74,415
2010 Total Households 3,403 35,164 77,776
2017 Total Households 3,501 36,599 81,764
2022 Total Households 3,636 38,212 85,912
2017 Average Household Size 2.74 2.73 2.56
2000 Owner Occupied Housing 1,567 17,235 36,060
2000 Renter Occupied Housing 1,602 15,984 33,790
2017 Owner Occupied Housing 1,421 15,884 36,004
2017 Renter Occupied Housing 2,079 20,714 45,760
2017 Vacant Housing 496 4,475 9,506
2017 Total Housing 3,997 41,074 91,270
2022 Owner Occupied Housing 1,462 16,474 37,681
2022 Renter Occupied Housing 2,173 21,738 48,231
2022 Vacant Housing 524 4,623 9,754
2022 Total Housing 4,160 42,835 95,666
2017-2022: Households: Growth Rate 3.80 % 4.35 % 4.95 %
Source: esri
El Rancho Estates Demographic Charts | 12
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2017 Population by Race
El Rancho Estates Demographic Charts | 13
2017 Household Occupancy - 1 Mile Radius
Average Income Median Income
2017 Household Income Average and Median
