1102 Industrial Park Dr | Clearfield, PA 16830
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1102 Industrial Park Dr
Clearfield, PA 16830
Forum Energy Technologies, Inc. · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Forum Energy Technologies (NYSE: FET) is a global oilfield products company, serving various sectors of the oil and gas industry.
- The Property sits on an expansive 20.0-acre site, providing long-term upside and future expansion opportunities for the Landlord.
- FET is strategically located in Pennsylvania, the 2nd-largest natural gas-producing state and the 2nd-largest net supplier of energy to other states.
- The 15-year absolute NNN lease will commence upon closing and feature 2.5% annual rent escalations with (2) 10-yr options.
- FET has occupied the Property since 2011 and it has become a key production facility to support the company’s demand for customized equipment.
- Pennsylvania’s natural gas and oil supports more than 423,000 jobs and contributes more than $75 billion to the state economy.
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 138,000 SF |
| Property Subtype | Manufacturing | No. Stories | 1 |
| Building Class | B | Year Built | 1989 |
| Lot Size | 20.00 AC | Tenancy | Single |
| Zoning | C - generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services. | ||
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 20.00 AC |
| Rentable Building Area | 138,000 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Tenancy | Single |
| Zoning | C - generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services. |
PROPERTY TAXES
| Parcel Number | 1230L0700000094 | Improvements Assessment | $703,670 |
| Land Assessment | $51,580 | Total Assessment | $755,250 |
PROPERTY TAXES
Parcel Number
1230L0700000094
Land Assessment
$51,580
Improvements Assessment
$703,670
Total Assessment
$755,250
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