2198 University Dr | Lemont Furnace, PA 15456
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- LoopNet Team
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 | 39.26 AC | Tenancy | Single |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Lot Size | 39.26 AC |
| Rentable Building Area | 201,325 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
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
zoning
| Zoning Code | Heavy Industrial |
| Heavy Industrial |
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