Switch Acquires 7180 Myers Street Industrial Property From Habitat Development For $24.12M

The industrial property located at 7180 Myers Street in Las Vegas spans 4.55 acres and consists of 83,300 square feet. It was sold for $24,120,000, translating to approximately $289.56 per square foot. The property is in "shell" condition, features 32-foot clear heights, and includes eight dock positions. Situated near Harry Reid International Airport, this newly completed asset represents a significant investment in the industrial sector.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,120,000
• Address: 7180 Myers Street
• Market: Las Vegas, NV
• Acres: 4.55
• Square Footage: 83,300
• Price Per Square Foot: $289.56
• Buyer: Switch
• Seller: Habitat Development
• Broker: Colliers

An affiliate of Switch completed the acquisition of the industrial property from Habitat Development, with Colliers facilitating the transaction on behalf of the seller. This deal highlights the ongoing demand for industrial spaces in Las Vegas, particularly those with strategic proximity to transportation hubs.