Pro Oil and Gas Services

2701 W Corpus Christi St Beeville , TX 78102

Pro Oil and Gas Services - industrial for sale

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Overview



Free-standing, single-tenant Pro & Oil Gas Services operating facility in Beeville, Texas. This mission critical location is within the Eagle Ford Shale, the most actively drilled group of shale oil and gas fields in the world with over 100 rigs running. The tenant is a multi-service line, multi-basin oilfield services company providing wireline, pumping services, flowback, frac stacks, wireline lubricators and more. The EFS is possibly the largest single economic development in the history of Texas.

Investment highlights


  • Fee simple interest
  • Property features a new 10-year absolute NNN lease with 2% annual rent escalations
  • Options to renew
  • Pro & Oil Gas partnered with energy-focused private-equity firm Intervale Capital in 2017 to fund growth initiatives
  • Acquired Elite Production Services, LLC and Whitetail Well Testing, LLC in 2018 to provide additional scale and service line diversity
General
Property type Industrial
Tenure type Sale/Purchase
Property address 2701 W Corpus Christi St, Beeville, TX 78102-5437
Land in acres 6.66
Building size 16,265  ft2
Year built 2013
Financial
Price $2,025,333
Cap rate 7.50%
Current NOI $151,900.00
Lease
Tenant's name Pro Oil & Gas Services, LLC
Lease type NNN
Annual rent $151,900.00
Lease expiration date 04/08/2029
Remaining term 9.6Yrs

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