Basin Drilling Tools Conroe (Houston), Texas

Status Under Contract
Location 4205 FM 1485, Conroe, TX 77306
Captialilzation Rate 7.00%
Building Size 37,300 SF
Lot Size 11.70 Acres
Lease Type NNN
Term Remaining 8.05 Years
Price $ 3361629
  • STNL Industrial Building in Houston MSA (Part of a Seven-Property Portfolio Across Texas)
  • Leased to Basin Drilling Tools f/k/a Wenzel Tool Rental
  • Recent Property Improvements (2019)
  • Eight Years of Term Remaining
  • 2% Annual Rent Increases

The subject property is a 37,300-square-foot facility sitting on 11.70 acres. There are approximately eight years remaining, and the lease includes two-percent annual increases.

Basin Drilling Tools is the leading motor and drilling tool supplier, with worldwide operations supporting the oilfield, construction, and environmental industries. Basin’s optimized design features and the pursuit of technological advancements bring exceptional performance to customers across the globe. Basin Drilling Tools was founded on the dedication, and industry leading standards of Wenzel Drilling Tools. As a market leader, Wenzel’s reputation for quality was built on excellence in design, expertise and customer focus. When combined with the successful brands of OTS and Prime Manufacturing, Basin Drilling Tools is now uniquely positioned as the market leader in motor and drilling toll supplies, service and support.

Agent : Patrick Doherty

  • 512-338-7855
  • patrick.doherty@marcusmillichap.com
License: TX-622300
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