July 2, 2021 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of LSE Crane and Transportation in Odessa, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,800,000.
LSE Crane and Transportation is located at 2011 S Crane Avenue in Odessa, Texas. The Property consists of a 6.83-acre parcel of land with several buildings that accommodate operations, office space, warehouse space, a mechanic’s area and housing for employees. LSE has approximately 5-years remaining on their Absolute NNN lease with four (4), 5-year renewal options. The lease features attractive, 2.0% annual rent increases throughout the base term and renewal options. LSE has invested more than $300,000 into the utilities and infrastructure of the property, and they maintain equipment valued at more than $35 million on site. This is a mission critical facility for the company’s west Texas operations. LSE has been providing quality and uncompromising service in North America for more than 60 years, offering a wide variety of cranes and equipment, including forklifts, material handlers, hydraulic truck cranes, all terrain cranes, rough terrain cranes, and crawler cranes.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.