- For Sale $4,200,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 23,500 SF
- Lot Size 9.6 SF
- Date Updated Jul 16, 2026
Description
ChampionX | Investment-Grade NNN Industrial Asset
Investment Overview
Colliers is pleased to exclusively present 385 Shale Road, Pleasanton, TX, a ±23,500 SF, two-building industrial warehouse facility on ±9.60 acres, 100% leased to ChampionX LLC, now a wholly-owned subsidiary of SLB (NYSE: SLB) following SLB’s $8.2 billion acquisition of ChampionX completed July 16, 2025.
ChampionX (successor to Harbison-Fischer) has occupied the property since 2014 and recently executed a Fourth Amendment extending the lease 60 months through March 31, 2031, with one 36-month renewal option at Market Rate. The NNN lease features ~2% annual escalations, delivering investors a predictable, inflation-hedged cash flow stream now backed by SLB’s investment-grade balance sheet (A1/A).
Investment Highlights
- INVESTMENT-GRADE TENANT
ChampionX LLC is a wholly-owned subsidiary of SLB. - NEWLY EXTENDED LEASE
Lease Term through March 2031. - MISSION-CRITICAL EAGLE FORD FACILITY
Tenant has 12+ years of operating continuity at the property. - TRUE NNN STRUCTURE
Tenant responsible for all taxes, insurance, CAM, utilities, non-structural maintenance. - ~2% ANNUAL RENT ESCALATIONS
Built-in hedge against inflation through 3/31/2031. - 36-MONTH RENEWAL OPTION AT MARKET RATE
Upside potential on rollover. - LARGE 9.60-ACRE SITE
Substantial outside storage / staging yard. - TWO BUILDINGS / 23,500 SF
Pre-engineered metal industrial (Bldg A: 14,500 SF / 2014; Bldg B: 9,000 SF / 2015). - STRATEGIC EAGLE FORD SHALE LOCATION
Gateway to the Eagle Ford; San Antonio–New Braunfels. - INCOME-TAX-FREE STATE
Texas – Pro-Business – No State Income Tax. - SYNERGY UPSIDE
SLB targeting ~$400M annual pretax synergies from ChampionX integration over first 3 years (revenue + cost).
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Contacts
Todd Moore
Colliers
Connor Duffy
Zack Martin
Location
Contact For Sale I Industrial - Warehouse / Distribution
