Quarter Turn Pressure Control

Doherty Houston Industrial Group is pleased to present this single-tenant, net-leased, industrial portfolio located off Texas State Highway Loop 250 on North County Road 1287 in Midland, Texas. There are three properties in this portfolio leased to Quarter Turn Pressure Control, LLC (BlueCore Completions, LLC), Impulse Downhole Tools, Ltd., and TETRA Technologies, Inc. These properties are being sold as a portfolio.

Quarter Turn Pressure Control, LLC (BlueCore Completions, LLC) is a 34,500-square-foot facility and is sitting on 5.04 acres. Quarter Turn added cranes to the property at their own expense. The lease has approximately two and one-half years remaining and includes one, five-year renewal option at fair market value. Quarter Turn Pressure Control recently changed their name to BlueCore Completions, LLC as of October 15, 2021.

Impulse Downhole Tools, Ltd. Is a 12,250-square-foot facility and is sitting on 5.38 acres. Impulse added cranes to the property at their own expense. The lease has over three years remaining and includes two, five-year renewal options at fair market value. Impulse Downhole Tools is focused on reducing the overall friction encountered when horizontal drilling. The company is comprised of a group of individuals who have focused their entire careers in the oil field service sector and have a proven track record of designing and implementing new technologies.

TETRA Technologies, Inc. (NYSE: TTI) is a 12,250-square-foot facility and is sitting on 5.01 acres. The lease has over one and one-half years remaining and includes two, five-year renewal options with a two-percent rent increase at each renewal. TETRA Technologies, Inc. is an industrial and oil & gas products and services company operating on six continents focused on bromine-based completion fluids, calcium chloride, water management solutions, frac blowback and production well testing services.