Strongbox Development Sells Strongbox Lamb Industrial Center To National Cabinetry Manufacturer For $16.5M

The asset involved in the transaction is an industrial property located at 2770 North Lamb Boulevard in Las Vegas, NV. The sale was finalized on September 10, 2024, for a total amount of $16,500,000. The property encompasses 4.5 acres and features an 89,284-square-foot Class A warehouse that was completed in August 2024. The price per square foot is $185.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,500,000
• Address: 2770 North Lamb Boulevard
• Market: Las Vegas, NV
• Acres: 4.5
• Square Feet: 89,284
• Price Per Square Foot: $185
• Buyer's Representative: Sean Zaher - CBRE
• Seller's Representative: Bryan Houser - NAI Excel

NAI Excel managed the transaction, facilitating the sale of Strongbox Lamb Industrial Center from Strongbox Development to a national cabinetry manufacturer, which will use the facility as its primary West Coast manufacturing and distribution hub.