Covenant Testing Technologies Pleasanton, Texas

Status Under Contract
Location 944 Humble Camp Road, Pleasanton, TX 78064
Captialilzation Rate 11.00%
Building Size 18,320 SF
Lot Size 20.00 Acres
Lease Type NNN
Term Remaining 5.25 Years
Price $ 2970490
  • STNL Industrial Portfolio in Pleasanton, TX (Two of a Seven-Property Portfolio Across Texas)
  • Crude Oil and Natural Gas Prices are at Pre-Pandemic Levels
  • Large Lots Allowing Outside Storage (Vital to the Operation of Each Tenant)
  • Varying Rent Growth

Covenant Testing Technologies, LLC is located off U.S. Route 281 on FM 1344 (also known as Humble Camp Road) in Pleasanton, Texas. The subject property is a 18,320-square-foot facility sitting on 20 acres. There are approximately five and one-quarter years remaining, and the lease includes two-percent annual increases. Covenant Testing Technologies, LLC combines high-quality equipment and leading technology with some of the most skilled and knowledgeable operators in the business. Covenant provides best-in-class flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry. Covenant Testing Technologies, LLC combined with Stuart Pressure Control on August 18, 2020, to form the premier provider of Well Flow & Sand Management and Pressure Control Solutions in the Permian, DJ, Eagle Ford and Haynesville.

Agent : Patrick Doherty

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