2198 University Dr - Manufacturing FOR SALE


Lemont Furnace, PA 15456
$7,380,694 USD
724-255-9540
2198 University Dr, Lemont Furnace, PA for Sale
$7,380,694 USD
Manufacturing - FOR SALE
1/14
null | 8.35% Cap Rate

2198 University Dr
Lemont Furnace, PA 15456


HIGHLIGHTS

  • Term: 8.4 years remaining on the primary lease (May 31, 2034)
  • Credit: Tenant is Subsidiary of a leading NYSE-listed energy services company (Patterson-UTI Energy, Inc. (NASDAQ: PTEN).
  • Adaptability: Efficient “value-add” potential through multi-tenant conversion if necessary.
  • Regional Connectivity: Direct access to major logistics and energy corridors.
  • Industrial property consisting of 2 buildings of approximately 201,325 SF on 38.859 acres
  • Building 1 is approximately 144,000 RSF with 6 building bays. Building 2 is approximately 41,000 RSF with 2 main bays.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,380,694 USD

PRICE/SF

$37 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Lease Industrial Property

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

38.86

LAND SF

1,692,742

ZONING

-

APN/PARCEL ID

25-16-0007,25-16-0007-02

ASK ABOUT THIS PROPERTY

Darin ShriverSVN | Three Rivers Commercial AdvisorsMore Info
724-255-9540

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Darin ShriverSVN | Three Rivers Commercial AdvisorsMore Info
724-255-9540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.