For Sale | Net Lease Industrial Property

2198 University Dr, Lemont Furnace, PA 15456

Property Information

  • For Sale $6,850,000
  • Property Type Industrial - Manufacturing
  • Property Size 201,325 SF
  • Lot Size 38.86 Acre
  • Date Updated Aug 4, 2026
  • HVAC None

Description

Located in North Union Township in Fayette County.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.

Highlights

  • 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.
  • Term: 8.4 years remaining on the primary lease (May 31, 2034)

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