Spensa Development Group LLC purchased 7375 S. Tenaya Way in Las Vegas from Smith Brothers Realty for $3.85 million, or about $57 per square foot.
Built in 2005, the 67,520-square-foot industrial self-storage facility is on 2.99 acres and zoned C-1. The 367-unit property closed after a 90-day escrow period. The complex was 20% vacant at the time of sale.
Greg Engel of Spensa Development Group LLC represented the buyer. Ryan Howse of Preston Matthews represented the seller.
Please see CoStar COMPS #2056476 for more information.