For Sale | Net Lease Industrial Property
For Sale | Net Lease Industrial Property | 9% CAP
Marketing description
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 more information and to view the Offering Memorandum, visit: http://properties.svn.com/2198UniversityDr
Investment 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.
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