Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 2011 South Crane Avenue, Odessa, TX, USA in Odessa, Texas sold for $1.8M in 2020. The building is 1,216 square feet, implying about 1.5K per square foot on the published price. Chelsea Mandel, Ascension appear on the sale alongside Ascension. This page is the Odessa, Texas file for the 2011 South Crane Avenue, Odessa, TX, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Odessa sit in the Market section below. Filter that Odessa industrial set by closing date to see what else sold near 2011 South Crane Avenue, Odessa, TX, USA around 2020. Published consideration for 2011 South Crane Avenue, Odessa, TX, USA is $1.8M, dated 2020. Cite this LSE Crane & Transportation Sells Outdoor Storage Industrial Asset In Odessa For $1.8M sale when underwriting similar industrial product around Odessa, Texas.
On the Map
$1,800,000
$1,480/SF
Industrial
View full map
Players
Odessa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Chelsea Mandel to view all their deals.
Browse Texas industrial sales on Traded.
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