LSE Crane & Transportation Sells Outdoor Storage Industrial Asset In Odessa For $1.8M
2011 South Crane Avenue, Odessa, TX, USA
$1,800,000
$1,480/SF
Building Size
1,216 SF
Asset Type
Industrial
Closing
Jul 9, 2020
AI
An industrial asset located at 2011 S Crane Avenue in Odessa has been sold in a sale leaseback transaction. The property was sold by LSE Crane & Transportation for a sale price of $1.8 million. The asset is used for outdoor storage in the industrial sector.
Summary of Transaction Details:
- Property Type: Industrial
- Sale Price: $1,800,000
- Address: 2011 S Crane Avenue
- Market: Odessa
Chelsea Mandel from STREAM Capital Partners represented the seller, LSE Crane & Transportation, in this transaction.
Players
Odessa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93