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2198 University Dr
Lemont Furnace, PA 15456
Universal Pressure Pumping · Industrial Property For Sale
Investment Highlights
- Net Leased Industrial Oil & Gas Service Operation with 12 Years Remaining on Double-Net Lease in Uniontown, PA
- Tenant is a Wholly-Owned Subsidiary of Patterson-UTI Energy, Inc. (NASDAQ: PTEN); $2.8B Market Cap Onshore Oil & Gas Contract Drilling Services Co
- Substantial Building Fixtures & Equipment – Multiple Overhead & Jib Cranes, Compressed Air Systems, Water Filtration, Fume Extractors, Paint Shop, etc
- Tenant Just Exercised Early 10-Year Lease Extension thru May 2034 with Scheduled Rent Increases
- Universal Pressure Pumping, Inc. (UPP) Operates Pressure Pumping, Fracking & Well Drilling in the Area’s Prominent Marcellus & Utica Shale Formations
- Tenant Fully Indemnifies Landlord for Any/ All Issues Relating to Hazardous Materials & Enviro Laws in Regards to the Property
Property Facts
| Property Type | Industrial | Rentable Building Area | 201,325 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | B | Year Built | 1960 |
| Lot Size | 38.86 AC | Tenancy | Single |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Lot Size | 38.86 AC |
| Rentable Building Area | 201,325 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,201,650 | |
| Land Assessment | $189,590 | Total Assessment | $1,391,240 |
Property Taxes
Parcel Numbers
Land Assessment
$189,590
Improvements Assessment
$1,201,650
Total Assessment
$1,391,240
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