August 23, 2022 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of a L2 Structures in Lafayette, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $5,095,000.
L2 Structures is located at 3320 South 460 East in Lafayette, Indiana. The stand-alone building consists of 64,252 square feet and sits on a 4.96-acre lot. L2 Structures signed a 15-year Absolute NNN Lease upon close of escrow. The lease calls for attractive 2% annual rent increases throughout the base term. L2 Structures is one of the largest providers of temporary structures, tents, and related equipment rentals who support all types of events and large
gatherings nationwide. The property has been built out for L2 Structures who has invested significant capital into the facility to ensure that their business is streamlined and efficient. The Property is well positioned in Lafayette with convenient access to US Highway 52 and Interstate 65, providing easy access to the surrounding towns as well as to Indianapolis and Chicago, two of the largest Midwest markets.
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.