This Industrial Property is no longer advertised on LoopNet.com.

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
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class B
Lot Size 38.86 AC
Rentable Building Area 201,325 SF
No. Stories 1
Year Built 1960
Tenancy Single

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 25-16-0007-02
  • 25-16-0007
Land Assessment
$189,590
Improvements Assessment
$1,201,650
Total Assessment
$1,391,240
  • Listing ID: 26302874

  • Date on Market: 8/1/2022

  • Last Updated:

  • Address: 2198 University Dr, Lemont Furnace, PA 15456

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