MDH Partners Acquires Sunrise Industrial Park From Link Logistics For $94 Million In Las Vegas

MDH Partners acquired an industrial portfolio comprising two buildings located at 3101 Marion Drive and 4601 East Cheyenne Avenue in Las Vegas, NV for a total price of $94,000,000. The portfolio spans 509,216 square feet, resulting in a price per square foot of approximately $185. The transaction occurs within a market where industrial vacancy rates have reached 8.6% amid ongoing development and a slowdown in demand.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $94,000,000
• Address: 3101 Marion Drive & 4601 East Cheyenne Avenue
• Market: Las Vegas, NV
• Square Footage: 509,216
• Price Per Square Foot: $185
• Buyer: James Hwang - MDH Partners
• Seller: Link Logistics
• Brokers: Andrew Briner & Bret Hardy - Newmark

This transaction marks MDH Partners' entry into the Nevada market, facilitated by brokers Andrew Briner and Bret Hardy from Newmark, representing both buyer and seller in this significant industrial deal.