Elko, Nevada

Summary

CANYON BUSINESS PARK, ELKO, NEVADA

The 34.105 acre industrial development is in Elko, Nevada and is strategically located with easy access to Interstate 80 (“I-80”) which is a major west to east interstate highway along the northern portion of the United States (from San Francisco, California going west through Sacramento; Reno, Nevada; Salt Lake City, UT; Omaha, NE; Des Moines, IA; Chicago to New York City).  The property is located on I-80 in the heart of America’s richest mining areas for: Gold, Silver, Copper, Molybdenum, and Barite.  Approximately 82% of the gold, which is mined in the United States, is mined in the area surrounding Elko.  Northeastern Nevada is the 3rd largest gold producer in the world.  Due to the importance and economic viability of gold mining, two (2) of the largest gold mining companies in the world operate out of Elko, Nevada; namely:  Newmont Mining Company; and Barrick Gold Company.  Elko is approximately 220 miles west of Salt Lake City and 250 miles east of Reno, Nevada.

PARCEL 1 (6.854 Acres)

This parcel was sold in August 2008 for the development of a Kenworth Truck dealership.

PARCEL 2 (13.596 Acres)

The Caterpillar Building is a “Class A” one-story tilt-up concrete distribution warehouse facility containing 162,180 S.F. of building area. The building was constructed for Caterpillar, Inc.; and construction was finalized and Caterpillar moved into the facility on May1, 2008.  Even though this is a 162,180 S.F. facility, it is noteworthy that the building actually consists of two (2) separate Sections.  Section I contains 124,000 square feet, and is used by Cat Logistics to provide logistical services to Newmont Mining which involves the storage and management of inventories which support eight (8) gold mines and seven (7) process facilities.  Section II contains 38,180 square feet, and separated from Section I by a concrete tilt-up fire wall. Both Section I and II have their own (i) offices, (ii) warehouse areas; (iii) docks, (iv) parking facilities, and (v) separate electric and natural gas meters.  The property has exceptional aesthetic appeal from I-80, and offers development opportunities for additional building sites.

PARCEL 3 (13.655 Acres)

This site is for sale or for future development.  Excellent visibility from I-80 and has full utilities on site.