universal pressure pumping 75 cr 408 | pecos, tx 79772€¦ · while market conditions fuel the...
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UNIVERSAL PRESSURE PUMPING 75 CR 408 | PECOS, TX 79772
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EXCLUSIVE MARKETING ADVISORS
JARED AUBREYSenior Vice President+1 214 252 1031
MICHAEL AUSTRYVice President
+1 214 252 [email protected]
AUSTIN DIAMONDAssociate
+1 214 252 [email protected]
SITE
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OFFERING SUMMARY
PRICE: UNPRICED
NET OPERATING INCOME $90,000
YEAR BUILT 2014
GROSS LEASEABLE AREA 920 SF
LOT SIZE 16.60 ACRES
LEASE TERM 5 YEARS
LEASE COMMENCEMENT FEBRUARY 2019
LEASE EXPIRATION JANUARY 2024
REMAINING TERM 4.5 YEARS
LEASE TYPE GROUND
ROOF & STRUCTURE TENANT
RENT INCREASES NONE
OPTIONS NONE
OPTIONS TO PURCHASE NO
GUARNTOR CORPORATE
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INVESTMENT HIGHLIGHTS
Ideal 1031 Exchange Opportunity
Absolute NNN Ground Lease with Zero Landlord Re-sponsibilities – Allows an investor the opportunity to ac-quire a NNN asset on a truly passive income structure
Corporate Guaranteed Lease from Universal Pres-sure Pumping, Inc. (UPP), a part of the Patterson-UTI Brand – 2018 revenues of $3.3 Billion
Bite-Size Deal – Low Price-Point Investment Property
Credit Rated Public Company – NASDAQ: PTEN
Robust Industrial Market – With the Permian region producing 4.2 million b/d of crude oil, companies in the energy and oil and gas sectors have been eager to estab-lish a presence in the area
Texas has No State Income Tax
SITE
ESTIMATED LEASEHOLD IMPROVEMENTS
8” of Cliché Compressed to 6”
Fenced 100%
Onsite Water Well
10 RV Hook-Up
Electricity on Site
80 X 100 Building
Sewer System for Housing
Lighting around Entire Property
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UNIVERSAL PRESSURE PUMPING
From planning to execution, Universal Pressure Pumping coordinates state-of-the-art pressure-pumping equipment, horsepower and highly trained crews so you can get better production from every stage. While market conditions fuel the need for efficient processes to reach energy resources, the company continue to leverage our pressure-pumping expertise to minimize completion days per well, reduce safety incidents and pump record stages per day. Its services include fracturing, cementing, nitrogen services, engineering and laboratory services, logistics, acidizing services and data acquisition.
TYPE: Petroleum
YEARS IN BUSINESS: 41+
HEADQUARTERS: Houston, TX
WEBSITE: www.patenergy.com
TENANT OVERVIEW
Universal Pressure Pumping is a part of the Patterson-UTI brand, which is the market leader in drilling, pressure pumping and oilfield services in the United States.
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PATTERSON-UTI OVERVIEWPatterson-UTI is a Houston, Texas-based oilfield services company that primarily owns and operates in the United States one of the largest fleets of land-based drilling rigs and a large fleet of pressure pumping equipment. It was formed in 1978 and reincorporated in 1993 as a Delaware corporation. The company’s contract drilling business operates in the continental United States and western Canada, and is pursuing contract drilling opportunities outside of North America.
Patterson-UTI provides pressure pumping services to oil and natural gas operators primarily in Texas and the Mid-Continent and Appalachian regions. Pressure pumping services consist primarily of well stimulation services (such as hydraulic fracturing) and cementing services for completion of new wells and remedial work on existing wells. As of December 31, 2017, the company had approximately 1.6 million fracturing horsepower to provide these services. Its pressure pumping operations are supported by a fleet of other equipment, including blenders, tractors, manifold trailers and numerous trailers for transportation of materials to and from the worksite as well as bins for storage of materials at the worksite. Also, the company provides a comprehensive suite of directional drilling services in most major producing onshore oil and gas basins in the United States. Its directional drilling services include directional drilling, downhole performance motors, directional surveying, measurement-while-drilling, and wireline steering tools. The oilfield company has other operations where it provides oilfield rental equipment in many of the major producing onshore oil and gas basins in the United States, and also manufactures and sells pipe handling components and related technology to drilling contractors in North America and other select markets. In addition, Patterson-UTI owns and invests, as a non-operating working interest owner, in oil and natural gas assets that are primarily located in Texas and New Mexico.
The Patterson-UTI family includes Patterson-UTI Drilling Company LLC, Universal Pressure Pumping Inc, MS Directional, Superior QC, Great Plans Oilfield Rental, Warrior and Current Power. In 2017, Patterson-UTI had a revenue of 2.356 billion. Currently, the energy company has 161 active land-based rig fleet operations through the US and Canada with 50 of those are in West Texas.
Sourced: sec.gov & patenergy.com
PATTERSON-UTI OPERATING AREAS
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PROPERTY LOCATION
75 CR 408
PECOS, TX
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WHY PECOS AND THE PERMAIN BASIN?
Located in the Permain Basin in West Texas, Pecos is a booming, small oil town. Originally the home of the first rodeo, Pecos is now becoming home to many oil and gas workers. The Permain Basin has been facing a huge boom in oil and in traffic, which has the roads of Pecos backed up with miles of traffic every day, all of workers heading to their job site. Due to the boom, Pecos is now welcoming several new businesses including Tractor Supply Co, Dickey’s Barbecue, Dominos and more.
TOP 10 TEXAS OIL & GAS PRODUCTION COUNTY
#2 FASTEST GROWING SMALL TOWN NATIONALLY
WALTON REPORT SHOWCASES PECOS AS THE #1 MICROPOLITAN
THE PERMAIN BASIN IS NOW THE WORLD’S TOP OIL PRODUCER
IN THE PAST 4 YEARS, ONCOR HAS INVESTED $1.6 BILLION IN INFRASTRUCTURE IN WEST TEXAS
400% INCREASE IN DEMAND FOR POWER IN THE PERMAIN BASIN
THE PERMAIN BASIN PRODUCES 4.2 MILLION BARRELS PER DAY
Sourced by: Forbes, Pecos EDC, Pecostx, WFAA, Wikipedia
TXDOT HAS BEGAN WORK ON ABOUT $100 MILLION IN PROJECTS ON THE PECOS HIGHWAY
CLICK HERE TO LEARN
MORE ABOUT PECOS, TX
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CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and fa-cilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary du-ties owed to the client(s) it represents in the transaction described in this Memorandum.
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. There-fore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other mate-rials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested par-
ties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all ex-pressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.
DISCLAIMERS
10REPRESENTATIVE PHOTO
EXCLUSIVE MARKETING ADVISORS
UNIVERSALPRESSUREPUMPING75 CR 408PECOS, TX 79772
JARED AUBREYSenior Vice President+1 214 252 [email protected]
MICHAEL AUSTRYVice President+1 214 252 [email protected]
AUSTIN DIAMONDAssociate+1 214 252 [email protected]