Stag Industrial Acquires Fully Leased Industrial Property In Sparks, NV For $29.94M | 655 Spice Islands Drive | Industrial | Sale

Summary

Sale

NEVADA

Industrial

165,000 sqft

An industrial property located at 655 Spice Islands Drive in Sparks, Nevada has been sold for $29.94 million. The property spans across 8.36 acres and features a total area of 165,000 square feet. The transaction was completed on November 15, 2023.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $29,940,000
Address: 655 Spice Islands Drive, Sparks, NV
Market: Sparks, NV
Square Footage: 165,000

The buyer, Stag Industrial Inc, acquired the property from Rishi Kapoor, who represented Investcorp & Benedetti Co as the seller. The deal was facilitated by Colliers as the broker.

It is important to note that the industrial property at 655 Spice Island Drive is fully leased. The acquisition by Stag Industrial Inc was completed at a per square foot price of $181.45.

Details

Deal Summary

SOLD

IMAGE: Bill Crooker & Rishi Kapoor DATE: 11/15/2023 ADDRESS: 655 Spice Islands Drive MARKET: Sparks, NV ASSET TYPE: Industrial ~ ACRES: 8.36 BUYER: Bill Crooker - Stag Industrial Inc SELLER: Rishi Kapoor - Investcorp & Benedetti Co BROKER: Colliers SALE PRICE: $29,940,000 SF: 165,000 ~ PPSF: $181 NOTE: Stag Industrial Inc. has acquired a fully leased 165,000-square-foot industrial property at 655 Spice Island Drive in Sparks, Nevada, for $29.94 million, or $181.45 per square foot.

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Address655 Spice Islands Drive

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