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Net Lease Industrial Property 2198 University Dr 201,325 SF Industrial Building Lemont Furnace, PA 15456 $10,003,054 CAD ($49.69 CAD/SF)
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
| Price | $10,003,054 CAD | Lot Size | 39.26 AC |
| Price Per SF | $49.69 CAD | Rentable Building Area | 201,325 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1960 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | B | ||
| Zoning | Heavy Industrial | ||
| Price | $10,003,054 CAD |
| Price Per SF | $49.69 CAD |
| 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 Numbers | Improvements Assessment | $1,628,596 CAD | |
| Land Assessment | $256,951 CAD | Total Assessment | $1,885,548 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$256,951 CAD
Improvements Assessment
$1,628,596 CAD
Total Assessment
$1,885,548 CAD
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Net Lease Industrial Property | 2198 University Dr
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