Sage Industrial Park - Offering Memorandum by Tahoe Mountain Realty

Sage Industrial Park OFFERING MEMORANDUM 20 Commercial Condominiums 10969 Industrial Way, Truckee, CA 96161

Table of Contents 1

EXECUTIVE SUMMARY

PROPERTY DETAILS

LIST OF FEATURES

BUILDINGS

UNITS

SIGNAGE

REGIONAL MAPS

TRUCKEE DEMOGRAPHICS

TRUCKEE FACTS, STATS & DEMOGRAPHICS

DISCLAIMER AND CONTACT INFO

Sage Industrial Park | Table of Contents

Executive Summary Sage Industrial Park offers 20 newly constructed commercial condominiums optimal for light industrial, warehouse, storefront or storage and other uses allowed under M-Zoning per Town of Truckee Municipal Code. Located adjacent to the Pioneer Commerce Center and Western Nevada Supply, the Sage Industrial Park is central to all commercial services, Highway 80, residential community and Lake Tahoe All units, being sold individually, feature 1,347 square feet (18) or 2,059 (2) square feet with 23 foot ceilings, roll up doors and concrete floors. Mezzanine and private bathrooms may be constructed by purchaser along with other owner improvements subject to Town approvals.

Sage Industrial Park |

Executive Summary

Property Detail ITEMS

DETAILS

Offering

20 Commercial Condominium Units

Property

Sage Industrial Park

Address

10969 Industrial Way

Town

Truckee, CA

County

Nevada

APN

019-700-006

Unit Count

Size

1,347 (18) - 2,059 (2) square feet - Can be combined to create larger units, up to 16,876 sf

Height

23 feet

Features

23’ ceilings, highpoint clearance is 27’ 12 foot roll up doors Option for mezzanine level build out Option for private bathroom build out

HOA

Anticipated $.40 - $.50 per square foot

Common Areas

Parking Bathrooms

Common Maintenance

Parking Lot Driveway Bathrooms Exterior

Allowable Uses

M-Zoning per Truckee Municipal Code

Governing Documents

CC&Rs Condo Map Town of Truckee Municipal Code Sage Industrial Park |

Property Details

List of Features INSULATED SHELL CONCRETE SLAB FLOOR INSULATED INTERIOR DEMISING WALL BETWEEN ADJACENT UNITS INDIVIDUALLY METERED FOR GAS INDIVIDUAL 200 AMP ELECTRICAL METER INDIVIDUAL 150,000 BTU HAS REZNOR CEILING MOUNTED HEATER 8’ LED COMMERCIAL STRIP LIGHTING COMMON MEN’S AND WOMEN’S BATHROOM MID BUILDING FRONT AND REAR 40”SWING DOOR ACCESS 12’ X 12’ COMMERCIAL METAL ROLL-UP DOOR

Sage Industrial Park |

List of Features

Buildings

5974

5975 12"P

5976

5977

24"P

10"P

20"P

24"P

28"P

6"P

5978

26"P 18"P

12"P

24"P

22"P

20"P

12"P 12"P 26"P

24"P 12"P

24"P

14"P

FIRST FLOOR: APT. 109

24"P UP

SECOND FLOOR: APT. 201 APT. 202 APT. 203 APT. 204

22"P

D. BELL +42"

SUITE 101

SUITE 102

SUITE 103

SUITE 104

SUITE 105

SUITE 106

SUITE 107

SUITE 108

THIRD FLOOR: APT. 301 APT. 302 APT. 303 APT. 304

MAIL BOXES

18"P 24"P

22"P

6"P 24"P

8"P RESERVED RESIDENCE

RESERVED RESIDENCE

18"P

22"P CLEAN AIR VANPOOL/EV

CLEAN AIR VANPOOL/EV

VAN

18"P 22"P

12"P

22"P

NO PARKING

GARBAGE AND RECYCLING

10969 INDUSTRIAL WAY CLEAN AIR VANPOOL/EV

24"P

CLEAN AIR VANPOOL/EV

NO PARKING

VAN

NO PARKING

CLEAN AIR VANPOOL/EV

16"P 12"P

SUITE 121

SUITE 120

SUITE 119

SUITE 118

SUITE 117

SUITE 116

SUITE 115

SUITE 114

SUITE 113

SUITE 112

SUITE 111

20"P

SUITE 110

28"P 24"P

28"P

18"P 24"P

28"P

GARBAGE AND RECYCLING

30"P 24"P 24"P

28"P 12"P

Sage Industrial Park |

Buildings

5977

16"P

26"P

16"P 20"P

18"P 10"P 22"P

20"P

24"P 6"P

26"P

Buildings

Sage Industrial Park |

Buildings

PANEL, TYP.

Units

LIGHT FIXTURES PROVIDED WITH SHELL

55'-0"

BATHROOM UPGRADE AVAILABLE WITH T.I. FITOUT

20'-0"

64'-01/2"

20'-23/4"

65'-0"

SUITE - 101

SUITE - 102

SUITE - 103

SUITE - 104

LEASABLE AREA : 1347 SF

LEASABLE AREA : 2059 SF

180'-51/2" 20'-3"

19'-101/2"

20'-0"

48 sq ft

19'-101/2"

12x12

3x7 EXIT DOOR

SUITEROLL-UP - 105

MECHANICAL ROOM

DOOR

20'-0"

LEASABLE AREA : 150,000 BTU/HR 1347UNIT SFHEATER, TYP.

A10 20'-23/4"

20'-0"

SUITE - 106

SUITE - 107

SUITE - 108

LEASABLE AREA : 1347 SF

AA MAX HEIGHT : 22'-6" ELECTRICAL METERS

GAS METERS 200A SUITE ELEC. PANEL, TYP.

MENS COMMON RESTROOM

275 sq ft

WOMENS COMMON RESTROOM

10'-0"

14'-91/8"

SPRINKLER RISER ROOM

MEZZANINE UPGRADE W/ STAIR ACCESS AVAILABLE WITH T.I.

19'-51/2"

FITOUT LIGHT FIXTURES PROVIDED WITH 19'-4" SHELL

COMMON AREA 447 sq ft

MAX HEIGHT : 28'-0"

AC 3x7 ENTRY DOOR

65'-0"

64'-01/2"

55'-0"

BATHROOM UPGRADE AVAILABLE WITH T.I. FITOUT

LEASING PLAN - BUILDING A SCALE: 1/8" = 1'-0"

48 sq ft

SUITE - 101

SUITE - 102

SUITE - 103

SUITE - 104

LEASABLE AREA : 1347 SF

LEASABLE AREA : 2059 SF

MECHANICAL ROOM

MENS COMMON RESTROOM

SUITE - 105

SUITE - 106

SUITE - 107

SUITE - 108

LEASABLE AREA : 1347 SF

275 sq ft

WOMENS COMMON RESTROOM

10'-0"

19'-5

14'-91/8"

SPRINKLER RISER ROOM

MEZZANINE UPGRADE W/ STAIR ACCESS AVAILABLE WITH T.I. FITOUT

1/2"

19'-4"

COMMON AREA 447 sq ft

MAX HEIGHT : 28'-0"

AC 3x7 ENTRY DOOR

Subject to Town of Truckee approval LEASING PLAN - BUILDING A SCALE: 1/8" = 1'-0"

3x7 ENTRY DOOR

COMMON AREA 447 sq ft 10'-0"

MAX HEIGHT : 28'-0"

MEZZANINE UPGRAGE W/ STAIR ACCESS AVAILABLE WITH T.I. FITOUT

SPRINKLER RISER ROOM

BB WOMENS COMMON RESTROOM

SUITE - 121

SUITE - 120

SUITE - 119

SUITE - 118

UNIT - 117

UNIT - 116

LEASABLE AREA : 1347 SF

MENS COMMON RESTROOM

275 sq ft

MECHANICAL ROOM

SUITE - 115

SUITE - 114

SUITE - 113

SUITE - 112

SUITE - 111

SUITE - 110

LEASABLE AREA : 2059 SF

LEASABLE AREA : 1347 SF

55'-0"

65'-0"

48 sq ft

LIGHT FIXTURES PROVIDED WITH SHELL BATHROOM UPGRAGE AVAILABLE WITH T.I. FITOUT

200A SUITE ELEC. PANEL, TYP.

3x7 ENTRY DOOR

COMMON AREA 447 sq ft

MAX HEIGHT : 28'-0"

MAX HEIGHT : 22'-6"

MEZZANINE UPGRAGE W/ STAIR ACCESS AVAILABLE WITH T.I. FITOUT

150,000 BTU/HR UNIT HEATER, TYP.

SPRINKLER RISER ROOM

20'-23/4"

20'-0"

WOMENS COMMON 20'-3" RESTROOM 260'-51/2"

19'-101/2"

20'-0"

19'-101/2"

20'-0"

SUITE - 120

20'-0"

B10

B11

B12

Sage Industrial Park | SUITE - 119

SUITE - 118

UNIT - 117

UNIT - 116

SUITE - 115 MECHANICAL

20'-23/4"

20'-0"

275 sq ft

LEASING PLAN - BUILDING B SCALE: 1/8" = 1'-0" SUITE - 121

12x12 ROLL-UP DOOR

3x7 EXIT DOOR

MENS COMMON RESTROOM

SUITE - 114

SUITE - 113

SUITE - 112

B13

Units SUITE - 111

B14

SUITE - 1

18'-5 1/2"

9'-1 1/2"

L IC

ALL DOORS CAPABLE OF OPENING PAST 90º

Signage

JOSEPH REMIC No.C-29613 11-30-23 T E Renewal Date O F C L I FO A

3"x3" STEEL TUBE FRAME DOOR WITH VERTICAL CORRUGATED METAL PANELING TO MATCH BUILDINGS A AND B.

CAST RECEIVING TUBE INTO CONCRETE SLAB FOR LOCKING PIN TO SECURE DOORS IN OPEN POSITION.

29'-4" 8"

9'-2 3/4"

9'-1 1/2"

8" CMU WALL TO MATCH BUILDING A&B WAINSCOT WALL 6'-0"

LOCKING PIN WITH RECEIVING TUBE CAST INTO CONCRETE SLAB TO SECURE DOORS IN OPEN AND CLOSED POSITIONS, TYP.

MOUNT CASTER WHEEL TO BOTTOM OF DOOR FRAME OPPOSITE HINGE

TRASH ENCLOSURE - FRONT ELEVATION

TRASH ENCLOSURE SCALE: 1/4" = 1'-0"

Sage Industrial Park |

Signage

TYPICAL SUITE SIGNAGE SECTION SCALE: 1/2" = 1'-0"

Title:

INDUSTRIAL WAY PARK

12/8/20

7/28/20

4/16/20

Date

DD 90% CHECKSET

TRUCKEE PERMIT SUBMITTAL 05

Project No.

Project No.:

XX.XX.XXXX Permit Date:

DD CHECKSET 03

ISSUE HISTORY:

#Contact ID

#Contact ID Drawn By:

12'-4"

TYPICAL SUITE SIGNAGE ELEVATION SCALE: 1/2" = 1'-0"

Sheet:

20'-0" TYPICAL SUITE FRONTAGE 2'-2"

SUITE FACADE AREA: 550SF

A800

MONUMENT SIGNAGE DETAIL SCALE: 1" = 1'-0"

20'-0" TYPICAL SUITE FRONTAGE

CONNECT SIGN TO SPREAD CONCRETE FOOTING IN LANDSCAPE

POST MOUNTED XL-05 SIGNAGE LIGHTING

PROPOSED AREA FOR ENTRANCE DOOR WINDOW SIGNAGE. SEE GENERAL NOTES FOR ADDITIONAL REQUIREMENTS.

Designer:

TENANT CALLOUT: FONT : GILL SANS HEIGHT : 3" TEXT COLOR : WHITE

10/2/23

Date

SUITE ADDRESS

5'-0"

PROPOSED AREA FOR ENTRANCE DOOR WINDOW SIGNAGE. SEE GENERAL NOTES FOR ADDITIONAL REQUIREMENTS.

CONCRETE BLOCK

5'-0"

Tenant Name Tenant Name Tenant Name Tenant Name Tenant Name Tenant Name

1'-4"

12'-4"

Tenant Name Tenant Name Tenant Name Tenant Name Tenant Name Tenant Name

6" COMPLEX ADDRESS: FONT : GILL SANS SEMI BOLD HEIGHT : 5" TEXT COLOR : WHITE

2'-2"

3" 2" 3" 2" 3" 2"

SAGE INDUSTRIAL PARK

Name

83/4"

MONUMENT SIGN UPDATE

1'-4"

WALL SIGN. ONE PER SUITE

83/4"

PAINTED METAL PANEL WALL CAP. SLOPE 2% TOWARDS BACK OF SIGN

2" 5" 2" 3" 2" 3" 2" 3"

3'-3"

3'-4"

PAINTED METAL PANEL

4'-0"

83/4"

SIGN AREA: 22 sq ft

1/9/20

1'-4"

11/25/19

83/4" SUITE ADDRESS 7'-0" 6'-8"

4'-0"

3'-4"

Name

4'-0"

WALL SIGN. ONE PER SUITE

WALL SIGNAGE: 2" PROJECTION MAX.

2 A800

Project:

NO SUITE SIGNAGE ALLOWED ABOVE WALKWAY OVERHANG

DEVELOPMENT PERMIT RESPONSE

SUITE WALL SIGNAGE BY TENANT. FONT STYLE : ARIAL IS DEFAULT. OTHER FONTS MAY BE APPROVED BY PROPERTY MANAGER. FONT SIZE : 5" MIN. COLOR : CONTRASTING BACKGROUND MATERIAL : PAINT ALL MATERIALS AND COLORS TO BE REVIEWED AND APPROVED BY PROPERTY MANAGER. MATERIALS AND COLORS MUST CONTRAST STEEL BACKGROUND. POTENTIAL QUANTITY : 20

DEVELOPMENT PERMIT

SUITE ENTRY DOOR SIGNAGE BY TENANT. FONT STYLE : ARIAL IS DEFAULT. OTHER FONTS MAY BE APPROVED BY PROPERTY MANAGER. FONT SIZE : 5" MIN. COLOR : WHITE MATERIAL : GLASS PAINT OR VINYL POTENTIAL QUANTITY : 20

SUITE ADDRESS LETTERING TO BE PROVIDED BY PROPERTY OPERATIONS MANAGER. FONT STYLE : ARIAL FONT SIZE : 6" COLOR : WHITE MATERIAL : WHITE VINYL POTENTIAL QUANTITY : 20

1'-6"

ALL LETTERING MUST MEET THE SIZE REQUIREMENTS OF THE DEVELOPEMTN CODE. 50% OF THE WINDOW AREA ALLOWED FOR AN INDIVIDUAL SIGN, AND 15% OF THE TOTAL WINDOW AREA ALLOWED ON THE BUILDING FRONTAGE FOR ALL WINDOW SIGNS.

ALL SIGNAGE TO COMPLY WITH TRUCKEE DEVELOPMENT CODE CHAPTERS 18.54 AND 18.56.

1'-6"

10969 INDUSTRIAL WAY TRUCKEE, CA 96161

SIGNAGE STANDARDS - GENERAL NOTES:

/Users/joseph_remick/Workplace/3-Projects-IndustrialWay/08-Drawings/a-ArchiCAD/a-host file/Industrial Way_SITE_V25.pln date: 10/3/23

LOCKING PIN TO SECURE DOORS IN OPEN POSITION. 3"x3" STEEL TUBE FRAME DOOR WITH VERTICAL CORRUGATED METAL PANELING TO MATCH BUILDINGS A AND B.

Regional Maps

TRUCKEE

Sage Industrial Park | Regional Maps

Regional Maps

Sage Industrial Park |

Regional Maps

Regional Maps Map: Northern California

PROXIMATE TO KEY CITIES AND AMENITIES CITIES San Francisco - 4 hrs drive, 1 hr flight Sacramento - 2 hrs drive Reno - 45 min drive Los Angeles - 7 hrs drive, 1.5 hr flight AMENITIES Lake Tahoe - 20 min Tahoe Forest Hospital - 5 min Truckee Tahoe Airport (Private Jets) - 10 min Reno International Airport - 45 min

Sage Industrial Park | Regional Maps

Truckee Demographics Truckee, CA is a prestigious resort community at the gateway to Lake Tahoe offering access to the Sierra Nevada’s finest ski resorts and golf courses. Ultra-high net worth families among Silicon Valley’s tech elite are drawn the region for ease of travel from the San Francisco Bay Area by private air or Highway 80, residing in Truckee’s premiere resort communities including Martis Camp, Lahontan, Schaffer’s Mill, Northstar Mountainside, Gray’s Crossing and Old Greenwood.

Sage Industrial Park | Truckee Demographics

Truckee Demographics Truckee’s primary residential population has experienced a major boost in economic capacity with the advent of remote work allowing technology and finance-sector workers to import high earning jobs to a region previously defined by resort, tourism and trades. Average home sales have soared to nearly $1,500,000 with dozens of annual sales in excess of $5,000,000 with many families now able to live in Truckee on a coprimary home basis. Increased visitation has smoothed seasonal activity creating a sustainable economy for retail offerings. Truckee’s tourism industry is thriving with hundreds of thousands of visitors entering the region, nearly all with exposure to Donner Pass Road’s thriving commercial district. Residents and visitors are equally drawn to Truckee’s active recreation offerings including downhill and Nordic skiing, mountain biking, hiking, golf and lake activities. Sage Industrial Park | Truckee Demographics

LOCATION Located in the Sierra Nevada mountain range, Truckee is just 200 miles northeast of San Francisco, California; 100 miles east of Sacramento, California; 40 miles west of Reno, Nevada; and 12 miles north of Lake Tahoe, California. Planes, trains, and automobiles are three convenient ways to get to Truckee. Highway I-80 runs right

ELEVATION

through Truckee, as does Amtrak along the

Downtown Truckee: 5,980 ft.

Transcontinental Railroad, which passes

Donner Summit: 7,239 ft.

right through town, and TRUCKEE TAHOE

Donner Peak: 8,019 ft.

AIRPORT provides for daily private and

Mt. Judah: 8,243 ft.

charter flights. Sage Industrial Park | Truckee Facts, Stats and Demographics

POPULATION TOWN OF TRUCKEE: 17,470 (SOURCE: U.S. CENSUS BUREAU, 2010 CENSUS) SUMMARY FILE1.ESRI FORECASTS FOR 2020 AND 2025

CLIMATE

TERRAIN

Average Summer Temperature:

The Truckee Donner area has expansive granite

40-79 degrees Fahrenheit

mountain, vista, meadow, and lake terrain.

Average Winter Temperature: 17-42 degrees Fahrenheit Average Total Snowfall: 201 inches Average Total Precipitation:

TOWN BOUNDARY

30 inches (source: Western Regional Climate Center)

34 square miles of largely developed land in the

Coldest Spot in the Nation?

eastern portion of Nevada County.

Truckee has often been recognized as the coldest spot in the nation,

Vacant/Underutilized: 28.4%

but not during the winter ski season as one might expect. These

Residential: 27.0%

nippy temperatures are noteworthy because they occur from June

Permanent/Protected Open Space: 18.8%

through early October. While it may be true, it really doesn’t give a

Roads/Railway Right-of-Way/Other: 12.2%

true picture of Truckee’s pristine California weather pattern. Official

Parks, Lakes, Public/Institutional: 10.8%

temperatures are taken at the Truckee-Tahoe Airport, located in

Commercial/Office: 1.5%

Martis Valley. On clear nights, cool air from the high mountains

Industrial/Mining: 1.3%

sink downslope into the valley, a high-elevation basin. The dense air mass settles into the basin, creating a chilled microclimate contributing to the chilly readings. As the sun begins to rise, so does the temperature, creating enviable summer and fall temperatures. Sage Industrial Park | Truckee Facts, Stats and Demographics

GOVERNMENT Truckee was first established in 1863 and incorporated in 1993. The Town of Truckee is one of three incorporated cities in Nevada County (Grass Valley and Nevada City are the other two). The Town is governed by five council members, elected at large for fouryear terms. Elections are held every other year, and terms are staggered. Sales Tax (State and Local): 8.375% (7.5% State of California, .125% Nevada County Library Tax; .5% Truckee Measure V – Roads; .25% Truckee Measure R — Trails)

Sales Tax Revenue 2020/2021: $6,197,845 2019/2020: $4,939,562 2018/2019: $4,598,381 2017/2018: $4,342,553 2016/2017: $4,067,588 2015/2016: $4,057,947

Transient Occupancy Tax (TOT): 12% NOTE: Effective 1/1/2021, TOT increased from 10% to 12%.

2020/2021: $5,463,657 2019/2020: $3,988,560 2018/2019: $4,464,925 2017/2018: $3,399,228 2016/2017: $3,414,610

Property Tax 2020/2021: $12,780,840 2019/2020: $12,083,871 2018/2019: $11,523,966 2017/2018: $10,874,121 2016/2017: $10,367,240 2015/2016: $9,749,656

2015/2016: $2820,319

Truckee Tourism Business Improvement District (TTBID) 1.25% The Truckee Tourism Business Improvement District (TTBID) was renewed through a resolution of the Truckee Town Council September 20, 2020. This 1.25% assessment on hotel, property management, and individual vacation home rentals funds VISIT TRUCKEETAHOE, the Destination Marketing & Management Organization (DMMO) for Truckee that promotes sustainable tourism. Sage Industrial Park | Truckee Facts, Stats and Demographics

HOUSING

COMMUNITY RENEWABLE METRICS

Single Family:

Truckee Donner Public Utility District’s Renewable Portfolio Standard (RPS)

Median price: $1,210,000

2019 63% RPS

Average days on market: 23

2018 65% RPS

Homes sold: 676

2017 66% RPS 2016 61% RPS

Condos/Townhomes:

2015 48% RPS

Median price: $710,000 Average days on market: 30 Condos sold: 229

ADDITIONAL RESOURCES: Truckee Visitor Profile Study

Average monthly rent: $3000

Truckee Demographic and Economic Profile Report Envision Tahoe Prosperity Playbook

Source: Dickson Realty, Truckee, from Tahoe Sierra Multiple Listing Service, for Truckee zip code 96161, sold 4/1/21-3/24/22 (as of 4/13/22). Information deemed reliable but not guaranteed

Sage Industrial Park | Truckee Facts, Stats and Demographics

Disclaimer and Contact The materials contained on this Offering Memorandum could include technical inaccuracies or typographical errors. As such, Tahoe Mountain Realty. does not accept any responsibility or liability for any actions taken as a result of using this Offering Memorandum. Further, Tahoe Mountain Realty. assumes no responsibility for errors or omissions in the materials in this Offering Memorandum. THESE ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. All prices, features and plans are subject to change without notice. Square footages are approximate. No representation or warranties either expressed or implied are made as to the accuracy of the information herein or with respect to the suitability, usability, feasibility, merchantability or condition of any property herein described. Tahoe Mountain Realty. further does not warrant the accuracy or completeness of information, text, graphics, links or other items contained within these materials. In no event shall Tahoe Mountain Realty. be liable for any special, indirect, incidental, or consequential damages of any kind, or any damages whatsoever resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use of the materials. The materials are subject to change without notice and do not represent a commitment of Tahoe Mountain Realty. in the future. All products and services are provided subject to applicable taxes and accompanying terms and conditions. Conditions of Approval Shall Apply

Jeff Brown Tahoe Mountain Realty 530.210-6067 CA 01322672 • NV B.1001715 jbrown@tahoemountainrealty.com

Taylor Carlton Tahoe Mountain Realty 530.448.4869 DRE 02089575 tcarlton@tahoemountainrealty.com

Sage Industrial Park OFFERING MEMORANDUM