Tyler, TX 75702,4285 Hwy 31
$﹡﹡﹡﹡﹡(Non-Disclosure)
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15,000 SqFt
SOLD DATE : 10/07/2021

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 15,000 sqft

Subdivision Hwy 31 Commercial Park

MLS Listing ID 14525211

Sold Date 10/07/21

Total Fin. Sqft 15000

Year Built 2010

Lot Size 1.975 Acres

Acres 1.975

Property Sub-Type Industrial

Property Description

PROPERTY OVERVIEW Absolute NNN investment opportunity with stable pharmacy tenant in East Texas in proximity to two regionalhealthcare hubs and a newly announced medical school. As of November 2020 ,Tyler has regained 98.2 percent of the pre-pandemicemployment levels, which exceeds the state average of 95.6 percent (Source Texas Workforce Commission & Texas Real EstateResearch Center at Texas A&M University). New seven year primary lease term will start at lease execution and includes rentalincreases throughout the primary term providing additional cash flow to Buyer. CAP Rate: 6.5% Lease Rate: $150,000 NNN year

Location

State TX

County Smith

Zoning M-1

Direction From the intersection of Hwy 31 W and Loop 323 in Tyler, travel west to property location on right side of the road.

Interior

Heating Other, Zoned

Cooling Other, Zoned

Flooring Concrete

Heat Source Other, Zoned

Exterior

Utilities Available Asphalt, City Sewer, City Water, Concrete, Curbs, Overhead Utilities

Roof Type Metal

Garage No

Building

Foundation Slab

Others

Financing Other

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Matthew Marshall • Drake Real Estate & Investment
Bought with Non-Mls Member • NON MLS

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Fernando Ramsey

Fernando Ramsey

+1(817) 913-2023

Agent | License ID: 0579124

Agent License ID: 0579124

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