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2198 University Dr
Lemont Furnace, PA 15456
Net Lease Industrial Property · Industrial Property For Sale
Investment Highlights
- Term: 8.4 years remaining on the primary lease (May 31, 2034)
- Adaptability: Efficient “value-add” potential through multi-tenant conversion if necessary.
- Credit: Tenant is Subsidiary of a leading NYSE-listed energy services company (Patterson-UTI Energy, Inc. (NASDAQ: PTEN).
- Regional Connectivity: Direct access to major logistics and energy corridors.
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 2198 University Drive, a mission-critical 201,325 SF industrial asset within the Pittsburgh MSA.
STRATEGIC LOCATION & MARKET SYNERGY: The facility is positioned at the epicenter of the Marcellus and Utica Shale plays, providing unparalleled access to the Appalachian Basin’s energy infrastructure. Its proximity to regional manufacturing hubs ensures long-term relevance across multiple industrial sectors.
VALUE PROPOSITION: Credit Tenant - Currently under a long-term net lease through May 2034 with Universal Pressure Pumping, Inc. (a wholly owned subsidiary of Patterson-UTI Energy, Inc.), the property offers immediate stability backed by substantial corporate credit.
Versatile Investment Profile - While currently occupied by a single credit tenant, the building’s footprint and site configuration lend themselves to seamless multi-tenant partitioning. This flexibility mitigates long-term vacancy risk, allowing a future owner to easily demised the space to capture diverse market demand as the market continues to evolve.
STRATEGIC LOCATION & MARKET SYNERGY: The facility is positioned at the epicenter of the Marcellus and Utica Shale plays, providing unparalleled access to the Appalachian Basin’s energy infrastructure. Its proximity to regional manufacturing hubs ensures long-term relevance across multiple industrial sectors.
VALUE PROPOSITION: Credit Tenant - Currently under a long-term net lease through May 2034 with Universal Pressure Pumping, Inc. (a wholly owned subsidiary of Patterson-UTI Energy, Inc.), the property offers immediate stability backed by substantial corporate credit.
Versatile Investment Profile - While currently occupied by a single credit tenant, the building’s footprint and site configuration lend themselves to seamless multi-tenant partitioning. This flexibility mitigates long-term vacancy risk, allowing a future owner to easily demised the space to capture diverse market demand as the market continues to evolve.
Property Facts
| Sale Type | Investment | Rentable Building Area | 201,325 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Manufacturing | Year Built | 1960 |
| Building Class | B | Tenancy | Single |
| Lot Size | 39.26 AC | ||
| Zoning | Heavy Industrial | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 39.26 AC |
| Rentable Building Area | 201,325 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Zoning | Heavy Industrial |
Property Taxes
| Parcel Number | 25-16-0007-02 | Improvements Assessment | $1,172,800 |
| Land Assessment | $108,160 | Total Assessment | $1,280,960 |
Property Taxes
Parcel Number
25-16-0007-02
Land Assessment
$108,160
Improvements Assessment
$1,172,800
Total Assessment
$1,280,960
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