January 21, 2022 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Cross Country Infrastructure Services in Odessa, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,950,000.
Cross Country Infrastructure Services is located at 1220 South Faudree Road in Odessa, Texas. The Property consists of a 24,000 square foot single tenant industrial building situated on a 5.10-acre lot. The asset features metal construction, a 28’ clear height, and eight grade-level doors. With a concrete pad surrounding the property, there is ample outdoor storage space that is fully fenced in. The property has easy access to Interstate 20 and is located near other major companies such as Schlumberger, Weatherford, and Odessa Pumps. Cross Country Infrastructure Services, Inc. has nearly four years remaining on a triple net lease. Cross Country provides quality materials, tools, heavy equipment, and parts for several industries such as oil fields, pipelines, mining, and wind/solar farms. Cross Country helps service these industries through a network of subsidiaries consisting of Cross-Country Pipeline Supply, Rain2Day, Pai, PWI Supply, Sideline Specialty Equipment, and Stone Pump & Trench. Today, the company maintains 20 operations across the nation and provides products and services to international markets. Located in West Texas, the Midland-Odessa metro is considered to be an energy capital as the Permian Basin is one of the biggest oil fields in the world and is home to some of the largest petroleum-producing companies. The metro consists of Martin, Midland, and Ector counties. The public sector is a top job provider, but the private sector is driving the economic growth. The two largest cities are Midland with nearly 140,000 residents and Odessa with roughly 120,000 residents.
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.