Prime Pack Energy Services
2624 Hwy 72 | Three Rivers, TX 78071 - 2624 Hwy 72 | Three Rivers, TX 78071
LTV (Loan to Value) | 65.00% | Current NOI | $187,500.00 |
Interest Rate | 4.250% | Capital Rate | 14.000% |
Fixed Term | 10 Years | Land Area | 9.06 Acres |
Amortization | 25 Years | Lease Type | NNN |
Loan Amount | $871,000.00 | Property Type | Industrial |
Payment | $4,718.54 | Property Lease | Warehouse |
Bulding Size | 15,200 SF | Remaining Terms | 7 Years |
Location Description
NNN Lenders is pleased to offer for sale to qualified investors an industrial property leased to 100% leased to Prime Pack Energy Services (PPES), a division of Prime Pack, Inc. The Property is located in Three Rivers, Texas within the Eagle Ford Shale region. Prime Pack Energy Services is operating under an absolute NNN lease with a ten (10) year base lease term. The lease features two (2), five (5) year renewal options.The subject property is +/- 15,200 SF industrial property on over 9 acres of land. The city sits atop the Eagle Ford Shale region of South Texas, one of the most actively drilled targets for oil and gas in the US. Forecasts project close to 5,000 new wells will be drilled in the Eagle Ford Shale by 2020, which may add 68,000 full-time jobs in Texas. The economic output could be as big as $21.5 billion, according to the study.
Highlights
Absolute NNN Lease - Landlord has no responsibilities whatsoever.Building Specs – The property features two buildings with one at 3,200…
Property Description
Three Rivers is a city in Live Oak County, Texas. The population was 1,878 at the 2000 census. Live Oak County’s seat is George West and has a population of 11,531. The subject Property is located just 42 miles southeast of Pleasanton and 75 miles south of San Antonio, Texas.The Eagle Ford Shale is one of the most actively drilled targets for oil and gas in the United States. San Antonio’s location within this play is attracting many oil field related companies. Although San Antonio isn’t located in the heart of the drilling activity (located on the map to the right), its close proximity and direct access to the workforce and amenities make it a premiere location for companies and their employees.