Lennar Homes purchased 20 acres at the Southeast corner of Warm Springs and Fort Apache Roads in Las Vegas, NV for $2.926 million, or approximately $146,000 per acre.
The majority of this land fronts Fort Apache Road and backs in the "Independence II"-track home development to the East. According to representation at Lennar Homes, no date is set for when they will begin development at this site, comprised of four separate parcels.
Ian Shepard with Holiday Realty Realtors represented the seller in the all-cash sale. David Ober with Jorant Commercial represented the buyer.
Please see CoStar COMPS #2289722 for additional information on this transaction.