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Net Lease

Basin Drilling Tools

4205 FM 1485, Conroe, TX 77306

Listing Price: $3,361,629

Cap Rate
7.00%
Gross SF
37,300
Price/Gross SF
$90.12
Lot Size
11.70 acres
Year Built
1980
Rentable SF
37,300

Investment Overview

Marcus & Millichap is pleased to present this Basin Drilling Tools property located off Texas State Highway on FM 1485 in Conroe, Texas. The subject property is a 37,300-square-foot facility sitting on 11.70 acres. There are approximately eight years remaining, and the lease includes two-percent annual increases. Basin Drilling Tools is the leading motor and drilling tool supplier, with worldwide operations supporting the oilfield, construction, and environmental industries. Basin’s optimized design features and the pursuit of technological advancements bring exceptional performance to customers across the globe. Basin Drilling Tools was founded on the dedication, and industry leading standards of Wenzel Drilling Tools. As a market leader, Wenzel’s reputation for quality was built on excellence in design, expertise and customer focus. When combined with the successful brands of OTS and Prime Manufacturing, Basin Drilling Tools is now uniquely positioned as the market leader in motor and drilling toll supplies, service and support. Located 40 miles north of Houston along Interstate 45, Conroe’s modern, business-friendly atmosphere attracts a wide variety of industries ranging from tourism and dining to distribution, manufacturing, and professional services. Residents are attracted to new and affordable homes, award-winning educational institutions, beautiful Lake Conroe, easily accessible walking trails, Conroe’s charming downtown, and how easy it is to get around. Conroe is a popular destination for manufacturing and distribution companies due to the community’s strategic location and robust infrastructure. These infrastructure advantages extend to the corporate sector as well, given fast broadband speeds and access to a regional airport and the George Bush Intercontinental Airport in Houston.

Investment Highlights

  • STNL Industrial Building in Houston MSA (Part of a Seven-Property Portfolio Across Texas)
  • Leased to Basin Drilling Tolls f/k/a Wenzel Tool Rental
  • Recent Property Improvements
  • Eight Years of Term Remaining
  • 2% Annual Increases

Exclusively Listed By

Financing By

Listing Price: $3,361,629

Cap Rate
7.00%
Gross SF
37,300
Price/Gross SF
$90.12
Lot Size
11.70 acres
Year Built
1980
Rentable SF
37,300

Investment Highlights

  • STNL Industrial Building in Houston MSA (Part of a Seven-Property Portfolio Across Texas)
  • Leased to Basin Drilling Tolls f/k/a Wenzel Tool Rental
  • Recent Property Improvements
  • Eight Years of Term Remaining
  • 2% Annual Increases

Investment Overview

Marcus & Millichap is pleased to present this Basin Drilling Tools property located off Texas State Highway on FM 1485 in Conroe, Texas. The subject property is a 37,300-square-foot facility sitting on 11.70 acres. There are approximately eight years remaining, and the lease includes two-percent annual increases. Basin Drilling Tools is the leading motor and drilling tool supplier, with worldwide operations supporting the oilfield, construction, and environmental industries. Basin’s optimized design features and the pursuit of technological advancements bring exceptional performance to customers across the globe. Basin Drilling Tools was founded on the dedication, and industry leading standards of Wenzel Drilling Tools. As a market leader, Wenzel’s reputation for quality was built on excellence in design, expertise and customer focus. When combined with the successful brands of OTS and Prime Manufacturing, Basin Drilling Tools is now uniquely positioned as the market leader in motor and drilling toll supplies, service and support. Located 40 miles north of Houston along Interstate 45, Conroe’s modern, business-friendly atmosphere attracts a wide variety of industries ranging from tourism and dining to distribution, manufacturing, and professional services. Residents are attracted to new and affordable homes, award-winning educational institutions, beautiful Lake Conroe, easily accessible walking trails, Conroe’s charming downtown, and how easy it is to get around. Conroe is a popular destination for manufacturing and distribution companies due to the community’s strategic location and robust infrastructure. These infrastructure advantages extend to the corporate sector as well, given fast broadband speeds and access to a regional airport and the George Bush Intercontinental Airport in Houston.

Exclusively Listed By

Financing By

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