On the agenda: meeting — data center (Feb 18)

STOREY COUNTY, NEVADA

COUNTY BOARD OF EQUALIZATION HEARING
DISTRICT COURTROOM
26 South B Street
Virginia City, Nevada

AGENDA
Wednesday, February 18, 2026
10:00 A.M.
This meeting will be held in person and the public is welcome to attend.
Jay Carmona, Member
Greg “Bum” Hess, Member
Scott Jolcover, Member
1. CALL TO ORDER AT 10:00 A.M.
2. PLEDGE OF ALLEGIANCE
3. DISCUSSION/ FOR POSSIBLE ACTION:
Election of Chair and Vice Chair
4. DISCUSSION/ FOR POSSIBLE ACTION:
Approval Of Agenda for February 18, 2026
5. DISCUSSION/FOR POSSIBLE ACTION:
Approval of the February 26, 2025, Meeting Minutes
6. DISCUSSION/FOR POSSIBLE ACTION:
Assessor Roll Changes

Anne Langer, District Attorney
Jim Hindle, Clerk & Treasurer
Jana Seddon, Assessor

7. FOR DISCUSSION ONLY:
Briefing By District Attorney on The County Board of Equalization Procedures
8. SWEAR IN PETITIONERS AND MEMBERS OF THE ASSESSORS STAFF
9. DISCUSSION/FOR POSSIBLE ACTION:
a. Petitions for Review of Assessed Valuation of the 2026-27 Tax Roll
Appeal Case#
2026-01

Petitioner
Wal*Mart Stores East LP

Assessor Parcel No.
005-091-02

10. COUNTY BOARD OF EQUALIZATION COMMENTS
11. PUBLIC COMMENT
12. ADJOURNMENT
NOTICE:
• Anyone interested may request personal notice of the meetings.
• Agenda items must be received in writing by 12:00 noon on the Monday of the week preceding
the regular meeting. For information call (775) 847-0969.
• Items may not necessarily be heard in the order that they appear.
• Public Comment will be allowed at the end of each meeting (this comment should be limited
to matters not on the agenda). Public Comment will also be allowed during each item upon
which action will be taken on the agenda (this comment should be limited to the item on the
agenda). Time limits on Public Comment will be at the discretion of the Chairman of the
Board. Please limit your comments to three minutes.
• Storey County recognizes the needs and civil rights of all persons regardless of race, color,
religion, gender, disability, family status, or nation origin.
• In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil
rights regulations and policies:
The USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA
programs are prohibited from discriminating based on race, color, national origin, religion, sex, gender identity
(including gender expression), sexual orientation, disability, age, marital status, family/parental status, income
derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity,
in any program or activity conducted or funded by USDA (not all bases apply to all programs). Remedies and
complaint filing deadlines vary by program or incident.
Persons with disabilities who require alternative means of communication for program information (e.g., Braille,
large print, audiotape, American Sign Language, etc.) should contact the responsible Agency or USDA’s TARGET
Center at (202) 720-2600 (voice and TTY) or contact USDA through the Federal Relay Service at (800) 877-8339.
Additionally, program information may be made available in languages other than English. To file a program
discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online
at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter addressed to
USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint
form, call (866) 632-9992. Submit your completed form or letter to USDA by:

(1) mail: U.S. Department of Agriculture
Office of the Assistant Secretary for Civil Rights
1400 Independence Avenue, SW
Washington, D.C. 20250-9410;
(2) fax: (202) 690-7442; or
(3) email: [email protected].
USDA is an equal opportunity provider, employer, and lender.

Notice to persons with disabilities: Members of the public who are disabled and require special
assistance or accommodations at the meeting are requested to notify the Commissioners’ Office in
writing at PO Box 176, Virginia City, Nevada 89440.
CERTIFICATION OF POSTING
I, Jim Hindle, Clerk to the Board of Equalization, do hereby certify that I posted, or caused to be
posted, a copy of this agenda at the following locations on or before February 7, 2026; Storey County
Courthouse located at 26 S B St, Virginia City, NV, the Virginia City Fire Department located at 145 N
C St, Virginia City, NV, the Virginia Highlands Fire Department located at 2610 Cartwright Rd, VC
Highlands, NV and Lockwood Fire Department located at 431 Canyon Way, Lockwood, NV. This
agenda was also posted to the Nevada State website at https://notice.nv.gov/ and to the Storey
County website at https://www.storeycounty.org/agendacenter.

By ______________________________________
Jim Hindle, Clerk & Treasurer

Agenda Item #5
February 26, 2025 Meeting Minutes

26-004

STOREY COUNTY, NEVADA
COUNTY BOARD OF EQUALIZATION HEARING
DISTRICT COURTROOM
26 South B Street
Virginia City, Nevada

MINUTES
Wednesday, Feb. 26, 2025
9:00 AM
This meeting will be held in person and the public is welcome to attend.
Marshall McBride, Chair
Scott Jolcover, Vice Chair
Jay Carmona, Member

Anne Langer, District Attorney
Jim Hindle, Clerk & Treasurer
Jana Seddon, Assessor

1. CALL TO ORDER AT 9:00 A.M.
Commission Chairman Marshall McBride called the meeting to order.
2. PLEDGE OF ALLEGIANCE
3. DISCUSSION/ FOR POSSIBLE ACTION: Election of Chair and Vice Chair
Chairman McBride opened nominations for Chair and Vice Chair.
Commissioner Jay Carmona nominated Mr. McBride for Chair, Commissioner Scott Jolcover
seconded the motion.
Public comment: None
Motion passed unanimously.
For Vice Chair, Mr. Camona nominated Mr. Jolcover, Mr. McBride seconded the motion.
Public Comment: None
Motion passed unanimously.

26-005

4. DISCUSSION/ FOR POSSIBLE ACTION: Approval of Agenda for February 26, 2025.
Mr. Jolcover moved to approve; Mr. Carmona seconded the motion.
Public Comment: None
Motion passed unanimously.
5. DISCUSSION/FOR POSSIBLE ACTION: Approval of the Minutes from the February 21,
2024, Meeting.
Mr. Jolcover moved to approve, Mr. Carmona seconded the motion.
Public comment: None
6. DISCUSSION/FOR POSSIBLE ACTION: Assessor Roll Changes
Assessor Jana Seddon said there were no roll changes.
7. FOR DISCUSSION ONLY: Briefing By District Attorney on The County Board of
Equalization Procedures
Anne Langer gave instructions on BOE Procedures. District Attorney Anne Langer went over
the procedures for the Storey County Board of Equalization. She said the Assessor makes a
brief statement, followed by a presentation by the petitioner establishing value. Then a
response by the Assessor, followed by petitioner’s rebuttal and questions from the board. The
issues have to do with values, not taxes, and the paperwork must be in by March 10, 2024.
8. SWEAR IN PETITIONERS AND MEMBERS OF THE ASSESSORS STAFF
Clerk-Treasurer Jim Hindle swore in the Assessor and her staff.
9. DISCUSSION/FOR POSSIBLE ACTION:
a. Petitions Withdrawn by the Appellant
Mark Stafford, working for the Assessor’s Office, said one petition was withdrawn by the
petitioner:
Appeal Case# 2025-003
Petitioner – BGO-TI Reno LLC
Assessor Parcel No. 005-011-97
Public Comment: None
Mr. Carmona moved to withdraw the petition. Mr. Jolcover seconded, and the motion passed
unanimously.
b. Petitions for Review of Assessed Valuation of the Reopened 2024-25 Tax Roll
Appeal Case# 2025-01
Petitioner - Stericycle, Inc
Assessor Parcel No. 005-111-75

-2-

26-006

Mr. Stafford said this is a stipulated value adjustment on Stericycle property dated Feb. 18,
2025, and it goes from $43,593,065 to $38,941,988 for the 2024-2025 tax year.
Mr. Jolcover moved to accept the stipulated agreement with the Assessor, Item 2025-01,
petitioner Stericycle Inc., Assessor Parcel 005-111-75. Mr. Carmona seconded the motion.
Public Comment: None
Motion passed unanimously.
c. Petitions for Review of Assessed Valuation of the 2025-26 Tax Roll
Appeal Case# 2025-02
Petitioner - Stericycle, Inc
Assessor’s Parcel #005=511-75
Mr. Stafford said this is for the 2025-2026 tax roll. We are adjusting value from $43,444,650 to
$43,139,273, due to minor adjustments in land value.
Mr. Jolcover moved to approve of the appeal case of 2025-02, Assessor’s Parcel #005-511-75 as
to the entered stipulated agreement with the Storey County Assessor. Mr. Carmona seconded
the motion.
Public Comment: None
Motion passed unanimously.
10. COUNTY BOARD OF EQUALIZATION COMMENTS
Mr. Jolcover praised the Storey County Assessor’s Team for doing an excellent job, as shown
by the lack of protest.
Mr. McBride said this would be his last Board of Equalization meeting as he planned to
resign my post and let some new blood come in and take my spot. Assessor Seddon thanked
him for his service on the board.
11. PUBLIC COMMENT: Clerk-Treasurer Jim Hindle I will figure out a way for Adobe to pagenumber the packet.
12. ADJOURNMENT
Chairman McBride adjourned the meeting at 9:23 a.m.

Respectfully submitted,
_____________________________
Jim Hindle
Clerk & Treasurer
Storey County, Nevada
-3-

26-007

Item #9
Petitions For Review of Assessed Valuation
of the 2026-27 Tax Roll

26-008

Appeal Case # 2026-01
Wal*Mart Stores East LP
APN 005-091-02

26-009

202.fo--O l

APPEAL CASE#

CONTROL#

Storey County Board of Equalization

RECEIVE�

PETITION FOR REVIEW OF TAXABLE VALUATION

Submit this Pet1t1on Form no later than 5 p m. of the dale due. Most types of appeals must be filed no later than January 1JANhJ a�e2JJ2S,tves
valuation of property escaping taxation, or a determination that agricultural property has been converted to a higher use, a different due date may apply

Please Print or Type:

STOREY COUNTY

Part A. PROPERTY OWNER/ PETITIONER INFORMATION (Agent's Information to be completed 1t�f'SOFFICE
NAME OF PROPERTY OWNER AS IT APPEARS ON THE TAX ROLL
NAME OF PETlnONER (IF DIFFERENT THAN PROPERTY OWNER LISTED IN PART A)

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MAILING ADDRESS OF PETITIONER (STREET ADDRESS OR P O BOX)
CITY

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TITLE

FAX NUMBER

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Part B. PROPERTY OWNER ENTITY DESCRIPTION

Check organization type which best describes the Property Owner If an entity and not a natural person. Natural persons may skip Part 8.

D Sole Proprietorship
D )"rust
□ Corporation
D Limited Liability Company (LLC) i:J"General or Limited Partnership
D Government or Governmental Agency
D Other. please describe: _____________ ____________________

The organization described above was formed under the laws of the State of =-::,,-O;;..;t)...=--""""-""-',.._::....___ _ ___ ___
li4""No
The organization described above is a non-profit organization D Yes
Part C. RELATIONSHIP OF PETITIONER TO PROPERTY OWNER IN PART A

Check bo'X which best describes the relationship of Pet1t1oner to Property Owner: Ii!! Additional Information may be necessary.

D Employee of Property Owner
D Trustee of Trust
9"'Self
□ Co-owner, partner, managing member
D Officer of Company
Company
Management
of
Officer
□ Employee or
D Employee, Officer, or Owner of Lessee of leasehold. possessory interest, or beneficial interest in real property
D Other, please describe: ________________________________
Part D. PROPERTY IDENTIFICATION INFORMATION
1. Enter Ph sical Address of Pro e
ADDRESS

STREET/ROAD

1,.1.rs

Purchase Pnce

us� Pk..,

CITY (IF APPL/CABLE)

S 41fk�

Purchase date

COUNTY

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2. Enter Applicable Assessor Parcel Number (APN) or Personal Property Account Number from assessment
notice or tax bill:
ASSESSOR'S PARCEL NUMBER (APN)

eal involve multi
If yes. enter number of parcels:

ACCOUNT NUMBER

Ust multiple parcels on a separate, letter-sited shut.
arcels? Yes D No �
Multi le arcel list is attached. D

4. Check Property Use Type: !ti
D Mobile Home (Not on foundation)
D Vacant Land
D Residential Property
D Commercial Property
D Multi-Family Residential Property
D Agricultural Property
D Possessory Interest in Real or Personal property
5. Check Year and Roll T e of Assessment bein a ealed: @
□ 2025-2026 Unsecured Roll
2026-2027 Secured Roll
Part E. VALUE OF PROPERTY

D Mining Property
B1ndustrial Property
D Personal Property

D 2025-2026 Supplemental Roll

Property Owner: What Is the value you seek? Write NIA on each line for values which are not being appealed. See NRS 361.025 for the
definition of Full Cash Value.

Land
Bu1ldings
Personal Property
Possessory Interest ,n real property
Exempt Value
COE rruuon f-onn
Rn11<d 11 ,0!20Jl

26-010

Part F. TYPE OF APPEAL

Check box which best describes the authority of the County Board to take iunsdlction to hear the anneal.

[ZI

NRS 361 357: The full cash value of my property Is less than the computed taxable value of the property

�

NRS 361 356
property

D

NRS 361 355. My property Is overvalued because other property w1th1n the county Is undervalued or not assessed, and I have attached the
proof show ing the owner, location, description and the taxable value of the undervalued property

D

NRS 361.155· I request a review of the Assessor's decision to deny my claim tor exemption from property taxes

D

NRS 361 A 280 The Assessor has determined my agricultural property has been converted to a higher use and deferred taxes are now due.

D

NRS 361. 769. My property has been assessed as property escaping taxation fo r this year and/or prior years

My property Is assessed at a higher value than another property that has an 1dent1cal use and a comparable location to my

Part G. WRITE A STATEMENT DESCRIBING THE FACTS AND/OR REASONS FOR YOUR APPEAL,
REQUEST FOR REVIEW, OR COMPLAINT. (ATTACH A SEPARATE PAGE IF MORE ROOM IS NEEDED).

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VERIFICATION

I verify ( or declare) under penalty of perjury under the laws of the State of Nevada that the foregoing and all information hereon, Including
any accompanying statements or documents, Is true, correct, and complete to the best of my knowledge and belief; and that I am either
(1) the person who owns or controls taxable property, or possesses in its entirety taxable property, or the lessee or user of a leasehold
interest, possessory Interest, beneficial Interest or beneficial use, pursuant to NRS 361.334; or (2) I am a person employed by the Property
Owner or an affiliate of the Property Owner and I am acting within the scope of my employment. If Part H below Is completed, I further
certify I have authorized each agent named therein to represent the Property Owner as stated and I have the authority to appoint each
agent named In Part H

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�et1hone�....--,.

Trtle

Print Name of Signatory

Date

Part H. AUTHORIZATION OF AGENT Complete this section only If an agent, Including an attorney, has been appointed to

represent the Property Owner/Petitioner In proceedings before the County Board.

I hereby authorize the agent whose name and contact information appears below to file a petition to the County Board of
Equalization and to contest the value and/or exemption established for the properties named in Part 0(2) of this Petition I further
authorize the agent listed below to receive all notices and decision letters related thereto: and represent the Petitioner in all related
hearings and matters including stipulations and withdrawals before the County Board of Equalization This authorization is limited to
the appeal of property valuation for the tax roll and fiscal year named in Part 0(5) of this Petition
List add1tlonal authorized agents on a separate sheet as needed, lnclud,ng pnnted name, contact information, signature, lltle and date.

Authorized Aaent Contact Information:
NAME OF AUTHORIZED AGENT

TITLE

AUTHORIZED AGENT COMPANY IF APPUCABLE

EMAIL AOORESS

I I

l.'AIUNG ADDRESS OF AUTHOR/l.ED AGENT (STREET ADDRESS OR PO BO)(J

Cll'f

srATE

ZIP CODE

I

DAYTIME PHONE

Authorized Agent must check each applicable statement and sign below.

I

AL rERNATE PHONE

I

FAX NU\18ER

DI hereby accept appointment as the authorized agent of the Property Owner In proceedings before the County Board.
DI verify (or declare) under penalty of perjury under the laws of the State of Nevada that the foregoing and all Information hereon,
Including any accompanying statements or documents, Is true, correct, and complete to the best of my knowledge and bellef; and I am
the authorized agent with authority to petition the State Board subject to the requirements of NRS 361.362 and the limitations contained
In the Agent Authorization Form to be separately submitted.

►

Authorized Agent Signature

Title

Pnnt Name of S1 nato

Date

D

I hereby withdraw my appeal to the County Board of Equahzat1on

Signature of Owner or Authorized AgenVAttorney

Date

26-011

U.S. Postal Service

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CERTIFIED MAIL® RECEIPT

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Sent To
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� Street and Apt."No., orPO Box No:
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State, ZIP+4•

PS Form 3800, January 2023 PSN 7530·02·000·9047

See Reverse for Instructions

/

26-012

Jim Hindle
From:

Sent:
To:

Cc:

Subject:
Attachments:

Jim Hindle
Wednesday, January 28, 2026 5:11 PM
'[email protected]'

Jana Seddon
Notice of Hearing - Storey County NV Board of Equalization
2026-01 Notice of Hearing - WaMart Stores East LP.pdf

This email of the attached notice is a courtesy.
The original notice was mailed today by USPS Certified Mail #9589 071O52701965 8743 75.
If you have questions, you may contact me per the informati n below.

Jim Hindle

Storey County Clerk & Treasurer
26 South B Street, Second Floor
PO Drawer D
Virginia City, NV 89440
PH: 775-847-(969
[email protected]

1

26-013

Appeal Case # 2026-01
Wal*Mart Stores East LP APN
005-091-02

ASSESSOR’S EXHIBIT A

26-014

STOREY COUNTY BOARD OF EQUALIZATION
COMMERCIAL/INDUSTRIAL

HEARING:#

2026-01

TAXABLE VALUE:

LAND:

$13,721,400

IMP:

$75,510,402

TOTAL:

$89,231,802

$/UNIT:

$97.15

DATE:

2/18/2026

ASSESSED VALUE:

LAND:

$4,802,490

IMP:

$26,428,641

TOTAL:

$31,231,131

NBC:

TRUI

TIME:

10:00 AM

Wal-Mart Stores East LP

OWNER:
PARCEL #
ADDRESS

BUILDING USE FLOOR AREA SF
% Office

SUBJECT:
05-091-02
2155 USA Parkway

Mega
Warehouse/
Cold Storage

918,450
2.0%

2026-27 Roll

QUALITY
YEAR BUILT
STORY HEIGHT

LAND
ZONE
%COV

1.0/2.0
2006
35/33

140.00
I-2
15%

SALE PRICE
SALE DATE

N/A

$/UNIT
COMMENTS
LAND & IMP

$97.15

Distribution Center owned and occupied by Wal-Mart. 45% cold storage, 55% warehouse.
Base land value $3.00 square foot less 10% for flood retention and graded areas ($2.70/sq
ft).

This owner-occupied distribution center serves Wal-Mart Super Centers/Sam Clubs in northern Nevada and northeastern California. The building contains 416,500 square feet of cold storage
with temperature control from -20 to 55 degrees, and 34 degree maintained receiving and loading dock areas. These areas feature heavier slab floors with additional insulation in the floors, walls,
and ceilings. Balance of structure is dry storage and office area. Also located on the property is a truck maintenance building, fuel island, guard house, fire pump house and water tank.
Sales of industrial buildings from the region may be found on page seven. Comparable IS-2 is a somewhat dated sale but is presented as it is classified as 43% cold storage selling for $154.64
per square foot. The largest sale was Sale IS-11 which is two mega warehouses constructed in 2007 on one parcel totaling 1,089,400 square feet of building area. That comparable sold for
$128.51 per square foot. Excepting Sale IS-2, none of the sales featured any cold storage or the truck maintenance and fueling facilities offered by the subject. Considering this, a reconciled value
of $140.00 per square foot is considered appropriate. This produces a rounded indicated value of $128,600,000 via the Sales Comparison Approach.
The Income Approach is found on page eight. Using a blended rental rate of $.68 per square foot and a rental structure typical of competing industrial buildings, a rounded value indication via the
Income Approach of $138,900,000 was developed.

Recommendation:

Indicated Value via Sales Comparison: $128,600,000
per Sq. Ft. Value:

$140.00

Indicated Value via Income Approach: $138,900,000
per Sq. Ft. Value:

$151.23

X

Uphold

Reduce

Recommended Value:

Uphold

Land

$13,721,400

Building

$75,510,402

Total

$89,231,802

PREPARED BY;

Mark Stafford

26-015

PARCEL MAP

SUBJECT

SUBJECT

26-016

AERIAL PHOTO
5-19-2023

26-017

SKETCH/AREA TABLE ADDENDUM
File No 05-091-02

SUBJECT

Property Address 2155 USA Parkway
City McCarran

County Storey

State NV

Zip 89434

Borrower
Lender/Client Storey County
Appraiser Name Mark Stafford

35.0'

12.0'
Guard House
167.0'

43.0'

673.0'

Fuel Island

244.0'

705.0'

IMPROVEMENTS SKETCH

Dry Goods

55.0'

157.0'

44.0'
70.0'

Truck
Maintenance

Warehouse

55 Produce

29 Meat

-20 Ice Cream

425.0'

-10 Freezer

55 Rec Dock Office

34 Deli/Dairy

97.0'

980.0'
34 Rec Dock

Wal Mart

145.0'

Food Distribution Center
05-091-02
40.0'
40.0'

34 Shipping Dock
Cold Storage Warehouse

Fire Pump Hse
Scale:

AREA CALCULATIONS SUMMARY
Code

Description

GBA1

Warehouse-Dry Goods
Office
Warehouse-Cold Stor
Shipping Wing
Utility
Utility
Utility
Utility
Utility
Truck Maint Bldg
Fuel Island
Guard House
Fire Pump House

AREA CALCULATIONS

OTH

Net BUILDING Area
Mark Stafford

Net Size

474465.00
14065.00
416500.00
13420.00
1750.00
840.00
1060.00
3675.00
880.00
11150.00
1892.00
420.00
1600.00

(rounded)

1" = 350'

BUILDING AREA BREAKDOWN
Net Totals

918450.00

Breakdown

Subtotals

Warehouse-Dry Goods
673.0 x
705.0
Office
145.0 x
97.0
Warehouse-Cold Stor
980.0 x
425.0
Shipping Wing
244.0 x
55.0

474465.00
14065.00
416500.00
13420.00

23267.00

918450
APEX SOFTWARE 800-858-9958

4 Items

(rounded)

918450
26-018

Apx7100-w Apex v5

Subject Photos

All photos 6/6/2006

26-019

Industrial Rental Survey

APN

Location

Tenant

Lease Date

Lease
Term

Space
Leased

Lease Rate /
Month

Type

Occupancy

Age

034-353-05
034-113-11

315 FREEPORT BLVD
1590 MARIETTA WAY

RED CARPET EVENTS
AMERICAN TRUCK & TRAILER

2/1/2025
6/1/2025

1
3

10,000
12,000

$1.20
$0.96

NNN
NNN

Flex
Service Repair Garage

1973
1965

034-372-02
034-152-19

131-135 CONEY ISL. DR
1277 SPICE ISL DR

MIAMI CORPORATION

2/1/2025
8/24/2024

1

15,000
17,260

$1.10
$1.00

NNN
NNN

Storage Warehouse
Storage Warehouse

1980
1989

032-302-55
012-316-03

1280 GLENDALE AVE
4970 JOULE ST

WHOLESALE RESORT ACC

5/1/2025
10/1/2024

5

18,000
20,000

$1.15
$1.00

NNN
NNN

Storage Warehouse
Storage Warehouse

2024
1972

082-851-15
034-171-24

875 PANTHER DR #105
2225 E GREG ST

TRUCK HOUSE
DHC SUPPLIES, INC

2/1/2025
5/24/2025

5

24,900
25,000

$1.00
$0.93

NNN
NNN

Storage Warehouse
Storage Warehouse

2024
1996

082-851-15
034-322-06

875 PANTHER DR #100
775 E GLENDALE AVE

OE WHEEL WORKS
MARATHON TRUCK BODY INC

2/1/2025
8/1/2025

10

33,400
35,000

$1.00
$1.14

NNN
NNN

Storage Warehouse
Lt. Ind. Mftg.

2024
1976

025-385-06
025-480-44
034-292-19
568-033-03
088-242-03

3010 AIRWAY DRIVE
6550 LONGLEY LN #145
1385 GREG ST
10991 LEAR BLVD
945 NORTH HILLS BLVD

BLC BUILDERS
WASHOE CO REGISTRAR
SLAKEY BROTHERS INC
NATIONAL BUSINESS FURN
PRIME SHIPPERS LLC

8/1/2025
1/1/2026
12/20/2024
1/1/2025
3/31/2025

10
6
3
5

45,000
49,500
53,085
84,656
84,996

$1.15
$0.80
$0.55
$0.95
$0.75

NNN
NNN
NNN
NNN
NNN

Mega Warehouse
Storage Warehouse
Storage Warehouse
Mega Warehouse
Storage Warehouse

2023
2019
1995
1998
2017

025-385-06
038-870-36

3010 AIRWAY DRIVE
385 CABELA DR #100

INTEX RECREATION CORP

8/1/2025
11/22/2024

3

98,000
104,000

$0.98
$0.50

NNN
NNN

Mega Warehouse
Mega Warehouse

2023
2019

163-020-10

1190 TRADEMARK DR

INMUSIC

8/1/2025

-

198,000

$0.82

NNN

Mega Warehouse

2000

Source: Washoe County Assessor

Median

Note
$2,500 / yr
Notable lease in BLI Report 1Q 2025. Est.
Lease Date. 3.5% annual increases.
$42,000 / yr. ?
Notable lease in BLI Report 2Q 2025. Est.
Lease Date.
3% annual increases.
Notable lease in BLI Report 1Q 2025. Est.
Lease Date. 3.5% annual increases.
3% annual increases.
Notable lease in BLI Report 1Q 2025. Est.
Lease Date. 3.5% annual increases.
3% annual increases.
Notable lease in BLI Report 3Q 2025. Est.
Lease Date.
$.19 cam, 6 months free, 3.5% ann Inc
2% annual increases.
5% annual increases.
Notable lease in BLI Report 3Q 2025. Est.
Lease Date.
Notable lease in BLI Report 3Q 2025. Est.
Lease Date.

$0.99

26-020

Improved Industrial Sales

Sale

SUBJECT

IS-1

IS-2

IS-3

IS-4

IS-5

IS-6

IS-7

IS-8

IS-9

IS-10

IS-11

IS-12

IS-13

IS-14

Location
2155 USA Pkwy
05-091-02
McCarran
12035 Moya Blvd
90-040-41
Reno-Stead
850 North Hills Blvd
88-241-02
Golden Valley
1500 Waltham
05-031-21
McCarran
75 Pittsburg Ave
05-051-62
McCarran
700 Milan Dr
05-111-26
McCarran
10 Isidor Ct
530-931-22
Spanish Springs
655 Spice Islands Dr
34-070-52
Sparks
9195 Moya Blvd
90-030-26
Reno-Stead
695 Vista Blvd
37-271-67
Sparks
750 Vista Blvd
37-272-37
Sparks
3300 Waltham, 201 Ireland
05-051-01
McCarran
3200, 3300 USA Pkwy
05-071-47
McCarran
450 Pittsburg Ave
05-051-40
McCarran
500 Denmark
05-101-65
McCarran

GBA
Year Blt

Const
QC

Occupancy
Sty Height

Land (SF)
%Coverage

Sale Price
Sale Date

Price/GBA

NOI
OAR

918,450
2006

Steel Frame
1.0/2.0

Cold Sto/Mega
35/33

6,098,400
15%

$89,231,802
Taxable Value

$97.15

Owner Occ

$/sf based on Taxable Value. 45% cold storage, 55%
warehouse, truck repair/fueling facility

545,550
2008

Tilt-Up
1.0

Mega Whse
32' Clear

1,078,981
51%

$59,875,000
4/15/2025

$109.75

Vacant

Located in flood zone, vacant at time of purchase, now
partially leased, 98 dock doors, 8 drive-up doors.

131,537
1997

Tilt-Up
2.0

Sto/Cold
30' Clear

723,700
18%

$20,340,590
12/6/2022

$154.64

Unk

US Foods, 57% Storage Warehouse, 43% Cold Storage

596,400
2022

Tilt-Up
1.0

Mega Whse
36'

1,726,700
35%

$79,600,000
10/11/2022

$133.47

$4,260,000
5.35%

489,440
2023

Tilt-Up
1.0

Mega Whse
36'

1,087,700
45%

$61,991,934
8/18/2023

$126.66

$3,099,570
5.00%

632,080
2008

Tilt-Up
1.0

Mega Whse
36'

1,483,650
43%

$82,500,000
11/9/2023

$130.52

$3,795,000
4.60%

464,360
2021

Tilt-Up
1.0

Mega Whse
34'

1,570,207
30%

$53,218,787
2/28/2024

$114.61

$2,341,626
4.40%

164,918
1991

Tilt-Up
1.0

Stor Whse
22' Clear

364,162
45%

$29,935,000
10/26/2023

$181.51

$1,287,200
4.30%

136,760
2024

Tilt-Up
1.5

Stor Whse
32' Clear

362,850
38%

$26,800,000
12/23/2024

$195.96

Unk

20 Dock-Height Doors, 2 Grade-Level Doors

323,070
1997

Tilt-Up
1.0

Mega Whse
30' Clear

659,934
49%

$61,400,000
4/29/2025

$190.05

Unk

Multi-tenant bldg fully occupied at sale, 24' to 30' clear story
height, concrete tilit-up

239,650
1995

Tilt-Up
1.0

Stor Whse
26'

805,207
30%

$45,600,000
4/29/2025

$190.28

$2,450,550
5.37%

1,089,400
2007

Tilt-Up
1.0

Mega Whse
34'

2,017,700
54%

$140,000,000
8/7/2024

$128.51

Unk

USA Parkway Distribution Center, 2 Mega Warehouses,
135 dock-high doors, 9 drive-up doors, fully leased to 5
tenants including Tire Rack & Tesla

705,872
2014

Tilt-Up
1.0

Mega Whse
36'

2,094,800
34%

$81,500,000
6/28/2024

$115.46

Unk

1 Bldg, 53 Dock-high doors expandable to 120, 3 gradelevel doors, 14,890 SF office. Sold $56.5 mil 1/15/20

354,640
2023

Tilt-Up
1.0

Mega Whse
36'

909,530
39%

$53,900,000
7/1/2024

$151.99

Unk

Reinforced concrete dock approaches and trailer dollys, 36
dock levelers, 2 truck ramps.

322,400
2024

Tilt-Up
1.0

Mega Whse
36'

902,560
36%

$41,662,000
4/29/2025

$129.22

Vacant

32' clear ceiling height, 36 dock doors expandable to 62, 2
drive-up doors. Buyer leased out 50% of building after sale.

Notes

NOI from listing pro-forma. Leased after sale. Occupied by
Omnicable.
New building fully leased in Oct 2023 to Tellworks Logistics.
Corrected deed filed after initial transfer.
Fully occupied at sale. Cap rate reported on current rents.
Completed as build-to-suit for Foot Locker Distribution
Center. Reported over $40 million to construct.
Multi-tenant building, broker reports cap rate based on
existing rents. 3 dock doors, 1 grade-level door.

Two storage warehouse buildings, NOI reported for both

26-021

INCOME APPROACH

POTENTIAL GROSS INCOME
V & C LOSS
MISC INCOME
EFFECTIVE GROSS INCOME
(LESS) OPERATING EXPENSES
NET OPERATING INCOME

918,450

sq ft @

2% NNN

$

8.16
10.20%

$7,494,552
$764,444
$6,730,108
$134,602
$6,595,506

CAPITALIZATION OF NET INCOME

NET OPERATING INCOME
(DIVIDED BY) CAPITALIZATION RATE
INDICATED VALUE
SAY

$6,595,506
.0475
$138,852,748
$138,900,000

COMMENTS

The Rental Survey reflects a median rental rate of $0.99 per square foot per month on a triplenet basis. The subject property, however, is substantially larger than most of the comparable
rentals surveyed, warranting an adjustment. Based on its size the warehouse space is estimated
at a conservative $0.60 per square foot. The freezer/cooled area commands a premium, and its
rate is adjusted upward by 30%, resulting in $0.78 per square foot.
These estimates produce a weighted average rental rate of $0.68 per square foot per month for
the entire building on a triple-net basis.
The improved sales data indicate overall capitalization rates ranging from 4.30% to 5.35%.
Kidder Mathews reports an industrial vacancy rate of 10.2% in the subject submarket for Q3
2025 and an average asking rent of $0.75 per square foot.

26-022

TRIC Land Sales
1/1/24 to 12/31/25

Sale No
LS-13

APN
05-101-15,16 &
17

NBC Address
TRUI 590 Denmark

Sales
Price
$3,300,000

Date
Doc No
5/9/24
139250

Grantor
Grantee
Emerald City Empire
NAP Texas LLC

Acres
Sq. Ft.
11.22
488,700

$ Per
Sq. Ft.
$6.75

$ Per
Acre
Comments
$294,118 Now 101-80, level, west of Venice,
shop under construction

LS-14

05-061-49

TRUI 150 Germany

$3,500,000

7/18/25
141435

Van White
Tahren It Up LLC

12.31
536,200

$6.53

$284,322 Parcel has been contoured forming
level area in central portion

LS-15

05-091-70

TRUI 500 Italy

$5,505,984

2/28/25
140758

AMB Real Estate
TDC Italy Owner LLC

15.80
688,200

$8.00

$348,480 Approved for commercial use, graded
pad area above Italy

LS-16

05-021-66

TRWI 1050 Waltham

$8,050,000

3/31/25
140879

1050 Waltham Bridge
1050 Waltham LLC

18.73
815,900

$9.87

$429,792 Level parcel east of and abutting
Trivium. Sold $8.75 SF 4/2023

LS-17

05-021-68

TRWI 800 Waltham

$8,000,000

9/18/25
141755

Waltham Way XX
Gonsalves & Santucci

20.07
874,200

$9.15

$398,605 Rail spur on abutting parcel, mostly
level. Sold $7.63 SF 11/2023

LS-18

05-061-10

TRUI 3475 Peru

$7,129,900

1/3/24
138741

WMP TRIC LLP
Balance Rock Power

20.46
891,200

$8.00

$348,480 Unimproved deeded access from
Peru, bounded by rail three sides,

LS-19

05-031-23

TRWI 2700 Waltham

$7,357,284

1/24/25
140613

The Clearview Trust
Emborsky Family LLC

22.52
980,970

$7.50

$326,700 SEC Waltham and East Britain,
private dirt road, drainage easement

LS-20

05-041-93

TRUG 125 Electric

$4,392,590

7/31/24
139675

EP Minerals
Reno Logistics Land

25.21
1,098,150

$4.00

$174,240 North side Electric behind Courtyard,
bluff w/varying topo, no utilities

LS-21

05-051-36

TRUI 1205 USA Pkwy

$7,738,870

4/16/24
139129

Lakeside Industries
Sierra Realty Inv

25.38
1,105,550

$7.00

$304,920 Venice & USA, varying terrain, access
from Venice, plottage

LS-22

05-111-04 & 55

TRUI 1423 Electric

$6,389,600

2/27/24
138919

City Force Dev
Majestic Reno Milan

26.67
1,161,750

$5.50

$239,580 North side Milan & Electric, irreg
shape, contig parcels, mostly level

LS-23

05-101-71

TRLI

455 Denmark

$11,426,659

3/3/25
140764

Emerald City Empire
Magic TRIC 1 LLC

43.72
1,904,440

$6.00

$261,360 At east shore of lake, rocky high point
in SE portion, excavation underway

LS-24

05-101-66,67
& 70

TRLI

1056 Denmark

$16,351,962

12/4/24
140411

Emerald City Empire
Ramar Land Corp

62.56
2,725,300

$6.00

$261,364 Moderate to sloping topo, at dead-end
of Denmark and Venice

26-023

Marshall-Swift
Cost Comparison

Cost pages dated Feb. 2024

26-024

26-025

26-026

26-027

26-028

26-029

26-029

26-030

26-030

3Q 2025
MARKET TRENDS

RENO
INDUSTRIAL

4.2%

U N E M P LOY M E N T
R AT E

Northern Nevada’s strategic location continues to be a key
driver of industrial demand.
Positioned near major transportation corridors, the region offers efficient access to key Western
States, making it an attractive hub for distribution and logistics operations. This logistical
advantage has supported the growth of a diverse industrial base, drawing companies from
sectors such as e-commerce, advanced manufacturing, data centers, and third-party logistics.
As supply chain strategies evolve, Reno’s connectivity and infrastructure remain central to its
appeal for occupiers seeking regional reach and operational efficiency.
At the end of 3Q 2025, the Northern Nevada industrial real estate market continued to
demonstrate its resilience following the headwinds and challenges in recent years, marked
by elevated vacancy rates, subdued gross absorption, and broader economic uncertainty.
While 2024 saw limited leasing activity and a steady rise in vacancies, the first three quarters
of 2025 show signs of stabilization and renewed optimism.
The Northern Nevada total vacancy rate stood at 11.3%, a slight increase from 10.9% in the
previous quarter and 90 basis points higher than at the same time last year. The increases
are attributed to a handful of recent mid-sized and large tenant move-outs in addition
to new construction deliveries being added to the market without committed tenants.
Encouragingly, recent trends show a rise in tour activity and tenant demand, indicating the
market is beginning to regain solid momentum.
continued on page 3

Leasing Activity (SF)
Net Absorption (SF)
Deliveries (SF)

3Q25

2Q25

3Q24

YOY Change

4.2%
11.3%
1,767,749
$0.87
2,427,913

4.6%
10.9%
1,907,060
$0.87
4,382,606

4.5%
10.4%
2,886,495
$0.84
3,389,865

-30 bps
90 bps
-38.8%
3.2%
-28.4%

3Q25

2025 YTD

2024 YTD

YOY Change

1,277,075
497,887
1,954,693

4,711,011
1,866,749
3,309,836

3,559,614
-2,635,644
1,552,425

32.3%
N/A
N/A

Average Lease Rates
Older/Flood Zone/Sublease

5,000-30,000 SF
30,000-100,000 SF
100,000+ SF

L E A S I N G AC T I V I T Y

497K SF
NET ABSORPTION

11.3%

VAC A N C Y R AT E

$0.87

O V E R A L L AVG R E N T

1.9M SF
NEW DELIVERIES

1.7M SF

AVA I L A B L E S U B L E A S E

Market Summary
MSA Unemployment Rate
Total Vacancy Rate
Sublease Availability (SF)
Asking Lease Rate
Under Construction

1.2M SF

$0.80-$1.10
$0.60-$0.90
$0.50-$0.85

Newer

$1.05-$1.40
$0.70-$1.05
$0.6-$0.95

Year-Over-Year Trend

Market
Highlights
Y T D S A L E S VO L U M E

increased to 4.0M SF
Y TD NET ABSORPTION

rose to 1.9M SF YTD
Page 17
26-031
of 20

L E A S E R AT E ,
VAC A N C Y &
AVA I L A B I L I T Y

$1.00

16%

$0.75

12%

$0.50

8%

$0.25

4%

Direct Lease Rate (NNN)

Direct Vacancy

YTD

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

Total Availability

NET ABSORPTION & NEW DELIVERIES
BIGGEST SALE OF THE QUARTER

10M

831 Deming Way, Sparks, NV

8M

6 8 , 27 7 S F | $9, 6 5 5 , 5 0 0 | $141 P S F
6M

4M

2M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD

Net Absorption (SF)

AV E R A G E S A L E S P R I C E / S F & C A P R AT E

New Deliveries (SF)

SALE VOLUME & LE A SING AC TIVIT Y

$250

10%

$200

8%

$150

6%

$100

4%

$50

2%

12M

9M

6M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD

Sales Price/SF

Cap Rate

3M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Sold (SF)

YTD

Leased (SF)

26-032

3Q 2025

|

RENO INDUSTRIAL

S U B M A R K E T S TAT I S T I C S

Submarket

Total
Inventory

Total
Vacancy Rate

3Q Overall
Net Absorption

YTD Overall
Net Absorption

YTD Leasing
Activity (SF)

Avg Asking
Lease Rate

Under
Construction (SF)

YTD
Deliveries (SF)

North Valleys

27,415,662

13.8%

36,660

638,760

964,956

$0.87

957,433

0

Sparks

33,064,843

11.7%

-221,698

609

1,048,295

$0.87

0

411,244

Airport

10,886,961

7.3%

-55,888

-79,752

406,177

$0.92

0

0

South Reno

11,301,278

13.6%

296,749

226,684

654,198

$1.08

343,600

0

Central/West Reno

4,173,068

3.7%

12,760

17,413

96,866

$0.97

0

0

I-80 East Corridor

30,528,835

10.2%

429,304

1,063,036

1,540,521

$0.75

1,126,880

2,898,592

Reno Total

117,370,647

11.3%

497,887

1,866,749

4,711,011

$0.87

2,427,913

3,309,836

Leasing activity has experienced a notable uptick in 2025 with
4.7M SF, compared to 3.6M SF over the first three quarters of last year.
Net absorption has also started to rebound with positive 1.9M SF yearto-date, as the market is beginning to recalibrate. Landlords are still
looking for creative ways to attract tenants, including lease incentives
such as free rent and flexible terms. Overall asking rates remained about
the same at $0.87 PSF NNN, quarter-over-quarter, but rose compared
to last year when the rate was $0.84 PSF NNN. Asking lease rates are
approximately 10% below the all-time highs recorded in 2023.
Development activity remains subdued compared to the peak in
2023, with relatively limited deliveries and a preference for tenant
commitments prior to breaking ground. Currently, more than
2.4M SF of industrial space is under construction. The largest
speculative development is Conco Milan in Sparks, totaling 652K SF
and slated for delivery in Q1 2026, though it remains 0% pre-leased.
Many prominent developers are choosing to delay new starts until
the supply-demand imbalance normalizes.
Investment activity surged in 2025, with 63 transactions totaling
about $419M year-to-date. The largest deal was 831 Deming Way in
Sparks, purchased by Dornin Investment Group for $9.7M ($141 PSF).
Average price per square foot reached $150 PSF, down slightly from
$167 PSF in 2024.

BIGGEST LE A SE OF THE QUARTER

1430 E Greg St, Sparks, NV

As we move into the fourth quarter of 2025, sponsors seeking capital
for their projects (whether for equity or financing) continue to have
a variety of sources available that are looking to invest in Nevada.
The cost of this capital has improved recently (although it varies
widely), with fixed-rate loan programs reflecting good stability and
floating-rate programs forecast to become more affordable as the
Fed reduces rates. Underwriting continues to be conservative and
varies from one source to another, with project economics driving
pricing and other loan terms. For those seeking capital, it makes
sense to explore multiple options
Looking ahead, the Northern Nevada industrial market appears
poised for additional recovery fueled by growth in e-commerce,
reshoring initiatives, and strengthening capital markets. This
shift is expected to support increased demand for high-quality,
strategically located industrial assets. Reno will continue to benefit
from a diversified industrial base and strong logistics infrastructure,
positioning the region for gradual economic recovery and continued
resilience heading into 2026. While vacancy rates may take time to
fully stabilize, these underlying trends provide a solid foundation for
a more robust and balanced market in the coming year.

201,295
TO TA L S Q UA R E F E E T

Page 19
26-033
of 20

3Q 2025

|

RENO INDUSTRIAL

TOP SALE TR ANSAC TIONS 3Q 2025
Property

Submarket

SF

Sale Price

$/SF

Buyer

831 Deming Way

Sparks

68,377

$9,655,500

$141

Dornin Investment Group

2609-2615 Mill St

Airport

52,080

$6,933,000

$133

JDFAZ, LLC

5385 Alpha Ave

North Valleys

41,033

$6,500,000

$158

Trek, Inc.

1555 Crane Way

Sparks

48,000

$4,250,000

$89

Refrigeration Supplies Distributor

873 Deming

Sparks

27,020

$3,500,000

$130

Capurro Trucking

TOP LE A SE TR ANSAC TIONS 3Q 2025
Property

Submarket

SF

Type

Tenant

1430 E Greg St

Sparks

201,295

Renewal

Nestle

3020 Airway Dr

Airport

199,725

Direct

Arrow Electronics

9515 N Virginia St

North Valleys

111,416

Direct

Krone

350 Lillard Dr

Sparks

77,969

Direct

Allstates Warehousing & Distribution

2777 USA Pkwy

I-80 East Corridor

77,500

Direct

Rexel USA

9085 Moya Blvd

North Valleys

69,200

Sublease

Wholesale Electric

TOP DEVELOPMENT PROJEC TS
Property

Submarket

SF

Owner/Developer

Status

Delivery Date

Conco Milan

I-80 East Corridor

652,000

Conco Companies

Under Construction

1Q 2026

Comstock Commerce Center (Bldg 6 East)

I-80 East Corridor

474,880

Locus Development

Under Construction

4Q 2025

580 South (Bldg 4)

South Reno

145,600

Panattoni

Under Construction

1Q 2026

Tahoe-Reno Industrial Center

North Valleys

338,500

WG Group & The Krausz Companies

Under Construction

2Q 2026

9835 N Virginia St

North Valleys

178,880

Mohr Partners

Under Construction

4Q 2025

Data Source: Costar, Kidder Mathews, Bureau of Labor Statistics

Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S.,
with over 900 real estate professionals and staff in 19 offices in Washington, Oregon, California,
Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting,
and debt & equity finance services for all property types.
The information in this report was
composed by the Kidder Mathews
Research Group.

COMMERCIAL
BROKER AGE

GA RY BA R AGON A
Vice President of Research
415.229.8925
[email protected]

ASSET
SERVICES

D AV I D N E L S O N
Regional President, Brokerage
Northern California & Nevada
775.301.1300
[email protected]
LIC N° 01716942

VA L U AT I O N
ADVISORY

$9B

26.2M

36.7M

53M SF

800+

250+

2,400+

39

24

AV E R AG E A N N UA L
T R A N S AC T I O N V O L U M E

M A N AG E M E N T
PORTFOLIO SIZE

AV E R AG E A N N UA L
ASSIGNMENTS

A N N UA L
SALES SF

ASSETS UNDER
M A N AG E M E N T

TO TA L
APPR AISERS

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy.

A N N UA L
LEASING SF

CLIENTS
SERVED

WITH MAI
D E S I G N AT I O N S

R .CO M
26-034

Appeal Case # 2026-01
Wal*Mart Stores East LP
APN 005-091-02

ASSESSOR'S EXHIBIT B

26-035

Assessor's Exhibit B

Storey County Board of Equalization

Hearing 2026-01

Subject: Walmart Distribution Center

Hearing Date: Feb. 18, 2026

Re: Arcadia Cold Storage 1900 Peru Dr

26-036

Property Data
Arcadia Cold Storage

Property Address

1900 Peru Drive

Story Height

46'

APN

05-011-97

Total Taxable Value

$64,370,178

Owner

BGO-TI Reno LLC

TV per Sq Ft

$262.91

Building Name

Arcadia Cold Storage

Construction Cost

$50,462,290

Occupancy

Class S Cold Storage

Cost per Sq Ft Bldg

$206.11

2023

GBA

244,834

Gross Annual Rent

$5,343,660

Per GOED App

Year Built

2023

Gross Rent per Sq Ft

$1.82

Monthly

2026-27

26-037

Marshall Swift Cost Comparison
Arcadia Cold Storage

Occupancy

Frame

Class

Story Ht

Base$

HT Multi

CCM

LM

Final
Cost

Cold Storage

s

2.5

46

$99.25

1.816

1.12

1.14

$230.13

Mega Warehouse

C

1.0

34

$32.00

1.488

1.13

1.10

$59.19

Difference

$170.94

% Diff

289%

2025 Re-Appraisal Costs

26-038

Arcadia Cold Opens Reno-Area Facility
By Vicentiu Fu sea

-

6

December 21, 2023

Im

This is the first large-scale cold storage property in the market.

Arcadia Cold Storage & Logistics has opened its Reno
Cold Storage and Logistics Facility, a 250,000-square­
foot property in Sparks, Nev., marking the first large­
scale cold storage facility in the Reno market. Ti Cold
designed and constructed the building.
The property includes 37,000 pallet positions and hos a
freezing capacity of -10 degrees F to 38 degrees F. In
addition, it features five fully convertible rooms ranging
between 33,430 and 49,755 square feet, a 39,970-

Logan StUll<>r and Som nppmonn from n Cold in front
of Arcodio"s Reno focil�y. lmoge courtesy of Ti Cold

squore-foot cold dock, 33 dock-high loading doors, 92
parking spaces and office space. The facility also
provides ground power support to ensure net-zero emissions.
Located at 1900 Peru Drive, the distribution center provides easy access to Interstate 80.
Downtown Reno is some 22 miles away, while Reno-Tahoe International Airport is less than 24
miles southwest.
The Reno Cold Storage and Logistics Facility marks Arcadia's fifth opening since October. Other
recently completed projects include a 293,265-square-foot facility in Phoenix, a 305,858square-foot Atlanta warehouse and a 295,245-square-foot property in Fort Worth, Texas.
In April, Arcadia broke ground on its 216,297-square-foot cold storage project in Jacksonville,
Fla. The $86.5 million property is slated for completion in early 2024.
26-039

1900 Peru Dr

Taken 6/1/2024

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AERIAL PHOTO

26-041