November 22, 2024 7:24 am
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Las Vegas Raiders stadium boosts land price 12 times average

A lot at 5575 Polaris Ave. across the street from the future Raiders stadium, recently sold for $6.5 million in Las Vegas. / Photo by Erik Verduzco / Las Vegas Review Journal

 

By Eli Segall | Las Vegas Review Journal

The small industrial site isn’t much — just a collection of storage containers, semi trucks, boats and other vehicles and items.

But with the Raiders building a 65,000-seat football stadium right across the street, the nondescript plot is now lucrative real estate — and if plans come through, it will be a mixed-use entertainment spot.

Osprey Real Estate Capital founder Sean Dalesandro confirmed Tuesday that he partnered with Huntington Hotel Group to acquire the 2-acre industrial site at 5575 Polaris Ave., just west of the stadium site. The $6.5 million purchase closed Nov. 26, records show.

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