Current Tenant & Lease Structure

Tenant – Saybolt, LP (Corpus Christi, TX) is a business segment of Core Laboratories, Inc. (NYSE: CLB)

“Saybolt LP serves the energy industry with laboratory analyses, independent field inspections as well as monitoring and verification programs. Founded in 1936 with over 70 offices in more than 50 countries, Core Laboratories Inc. provides its services to the world’s major national, and independent energy companies. A leading provider of proprietary and patented reservoir description and production enhancement services and product. Taken from www.corelab.com and Dunn & Bradstreet.

Rate – Base Rent is $4,250 per month.

Term Remaining – Primary Term expires on August 31, 2026. Long term tenant, at the site over 15 years.

Lease Structure – Lease is structured on a NNN basis where Landlord is responsible for the structural components including the roof and exterior walls and fences. Tenant is responsible for taxes, insurance and all other maintenance items. 

ROFR – Tenant holds a Right of First Refusal that must be exercised within 30 days.