NAI Excel Sells Industrial Building for $16.52 Million

August 29, 2024, Las Vegas, NV – NAI Excel is pleased to announce the sale of the Strongbox Lamb Industrial Center located in North Las Vegas, Nevada. The property sold for $16,527,540.

The property comprises ±4.47 acres and features an ±89,284 square-foot, Class A, industrial warehouse that was recently completed in August of 2024.

Bryan Houser of NAI Excel represented Strongbox Development in the sale of the property. Sean Zaher of CBRE represented the buyer, a national cabinetry manufacturer.

“From my initial meeting with Strongbox where we discussed opportunities and their vision for this project, to identifying the project site and seeing the development to completion, it has been an incredible journey,” stated Mr. Houser. “Dave Sundaram, Principal & CEO of Strongbox Development, deserves all the credit for guiding this project through the traditional development challenges and some unprecedented headwinds in capital markets. He made it happen.”

The buyer plans to occupy the property as their primary manufacturing and distribution hub on the West Coast.

Bryan Houser is a commercial real estate agent in Las Vegas

Bryan Houser

Bryan specializes in the representation of landlords and tenants in the leasing, acquisition, and disposition of Industrial and Office properties throughout Southern Nevada and the Southwestern U.S. He recently completed the NAIOP Developing Leaders program and attributes much of his success to his “client first” focus; ensuring that his clients’ needs are placed above all others and the outcomes are in their best interest. “I get satisfaction from providing a smooth successful transaction for my Landlord, Tenant and Investment clients, and in knowing they are satisfied with the outcome of the deal.”

About NAI Excel

NAI Excel is a leading provider of commercial Real Estate Services in the US. Operating in Utah, Nevada, Texas, and Idaho, they are part of the NAI Global network covering nearly every major market nationally and across the globe. NAI Excel is a subsidiary of Brokers Holdings, LLC. Headquartered in St George, UT since 1982, Brokers Holdings owns and operates both residential and commercial brokerages. With over 800 agents and staff, Brokers Holdings closes over 5,500 transactions worth more than $2 billion in value each year and manages over $1 billion in assets.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

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