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Single-Tenant Industrial

Universal Pressure Pumping

2198 University Dr, Lemont Furnace, PA 15456

Listing Price: $8,951,000

Cap Rate
6.75%
Gross SF
201,325
Price/Gross SF
$44.46
Lot Size
39.26 acres
Year Built
2014
Rentable SF
201,325

Investment Overview

arcus & Millichap is pleased to exclusively offer for sale, Universal Pressure Pumping located in Lemont Furnace, Pennsylvania. The subject property is a net leased industrial oil and gas service operation with 12 years remaining on a double-net lease. Universal Pressure Pumping is being offered for $8,951,000.

Investment Highlights

  • Net Leased Industrial Oil and Gas Service Operation with 12 Years Remaining on Double-Net Lease in Uniontown, Pennsylvania
  • Tenant just Exercised Early 10-Year Lease Extension Thru May 2034 with Scheduled Rent Increases
  • Tenant is a Wholly-Owned Subsidiary of Patterson-UTI Energy, Inc. (NASDAQ: PTEN); $2.8 Billion Market Cap Onshore Oil & Gas Contract Drilling Services Company in Business Since 1978
  • Tenant's Parent Company Patterson- UTI Energy, Inc. Carries Moody's "Baa3" Investment-Grade Credit Rating
  • Universal Pressure Pumping, Inc. (UPP) Operates Pressure Pumping, Fracking and Well Drilling Services throughout the Area's Prominent Marcellus and Utica Shale Formations
  • Minimal Landlord Responsibilities: Roof/ Structure Replacement and Some Mechanical
  • Substantial Building Fixtures and Equipment – Multiple Overhead and Jib Cranes, Compressed Air Systems, Water Filtration, Fume Extractors, Paint Shop/Blast Booth Equipment, etc.
  • Tenant Fully Indemnifies Landlord for Any/All Issues Relating to Hazardous Materials and Environmental Laws in Regards to the Property; Indemnification Survives Lease Expiration

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Single-Tenant Industrial

Universal Pressure Pumping

Listing Price: $8,951,000

Cap Rate
6.75%
Gross SF
201,325
Price/Gross SF
$44.46
Lot Size
39.26 acres
Year Built
2014
Rentable SF
201,325

Investment Highlights

  • Net Leased Industrial Oil and Gas Service Operation with 12 Years Remaining on Double-Net Lease in Uniontown, Pennsylvania
  • Tenant just Exercised Early 10-Year Lease Extension Thru May 2034 with Scheduled Rent Increases
  • Tenant is a Wholly-Owned Subsidiary of Patterson-UTI Energy, Inc. (NASDAQ: PTEN); $2.8 Billion Market Cap Onshore Oil & Gas Contract Drilling Services Company in Business Since 1978
  • Tenant's Parent Company Patterson- UTI Energy, Inc. Carries Moody's "Baa3" Investment-Grade Credit Rating
  • Universal Pressure Pumping, Inc. (UPP) Operates Pressure Pumping, Fracking and Well Drilling Services throughout the Area's Prominent Marcellus and Utica Shale Formations
  • Minimal Landlord Responsibilities: Roof/ Structure Replacement and Some Mechanical
  • Substantial Building Fixtures and Equipment – Multiple Overhead and Jib Cranes, Compressed Air Systems, Water Filtration, Fume Extractors, Paint Shop/Blast Booth Equipment, etc.
  • Tenant Fully Indemnifies Landlord for Any/All Issues Relating to Hazardous Materials and Environmental Laws in Regards to the Property; Indemnification Survives Lease Expiration

Investment Overview

arcus & Millichap is pleased to exclusively offer for sale, Universal Pressure Pumping located in Lemont Furnace, Pennsylvania. The subject property is a net leased industrial oil and gas service operation with 12 years remaining on a double-net lease. Universal Pressure Pumping is being offered for $8,951,000.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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