Single-Tenant Industrial
Universal Pressure Pumping
2198 University Dr, Lemont Furnace, PA 15456
Listing Price: $7,800,000
Investment Overview
Marcus & 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 11 years remaining on a double-net lease. Universal Pressure Pumping is being offered for $7,800,000.
Universal Pressure Pumping
Investment Highlights
- Net Leased Industrial Oil and Gas Service Operation with 11 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
Financing By
Listing Price: $7,800,000
Investment Highlights
- Net Leased Industrial Oil and Gas Service Operation with 11 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
Marcus & 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 11 years remaining on a double-net lease. Universal Pressure Pumping is being offered for $7,800,000.
Broker of Record
Financing By
