1813 W Main St
Port Lavaca, TX 77979
Maxim Crane Works · Industrial Property For Sale

The Property is operating under a long-term absolute NNN lease with aggressive 2.50% annual rent increases throughout both the base term and each of two, ten-year option periods (FMV rent in option periods w/10% ceiling & floor). Maxim Crane Works is the largest coast-to-coast provider of comprehensive lifting services in the United States and one of the largest lifting solutions businesses in North America. Along with its affiliated companies, Maxim serves more than 10,000 customers with its fleet of over 2,600 cranes and 56 branches. Its parent, Maxim Crane Works Holdings Capital, LLC reports annual revenue approaching $1.0 billion and fully guarantees the lease. Port Lavaca offers direct access to the national and international economy through a major railway (Point Comfort & Northern Railway) and multiple seaports that help support and sustain a robust manufacturing industry. Companies with a major presence in the market include Alcoa, Formosa Plastics, DuPont and Dow Chemical. The immediate area boasts two substantial seaports (Port Lavaca-Point Comfort & West Calhoun) which were responsible for 11M tons & $1.59B of trade during 2018. Maxim Crane benefits from this commercial activity, with an attractive location just off of the intersection of TX-35 and US-87 (16,351 combined VPD), only 10 miles east of Dow Chemical’s second largest plant in Texas.