Single-Tenant NNN Medical Imaging Center 2019 Old Troup Hwy 8,229 SF Office Building Tyler, TX 75701 $3,200,000 ($388.87/SF) 8.17% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly constructed single tenant, 8,229 square feet medical office
- Built in rental escalations provide stable and predictable income growth
- Proximity to UT Health Tyler, the University of Texas at Tyler campus, and HealthSound Rehab Hospital of Tyler
- Recently executed lease with nearly 9 years of remaining term
- Ample parking for patients and staff situated along the retail corridor of Troup Highway and Loop 323
- Tyler is a rapidly growing market with state-of-the-art medical facilities, expanding industry, and growing population
EXECUTIVE SUMMARY
This property is listed for sale via online auction. For more information and to review the due diligence section visit https://FRE.com/506D6
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,229 SF
Building Class
B
Year Built
2024
Price
$3,200,000
Price Per SF
$388.87
Cap Rate
8.17%
NOI
$261,574
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,229 SF
Building FAR
0.86
Lot Size
0.22 AC
Zoning
C-1 - Office/Retail/Medical
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Touchstone Medical Imaging
- Health Care and Social Assistance
- -
- -
- Feb 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Touchstone Medical Imaging | Health Care and Social Assistance | - | - | Feb 2035 |
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CONTACTS
-
Corrie
Brashars
-
Kurt
Milch
-
Jonathan
Diamond
-
Brandon
Colombo
-
Thomas
Servantes
-
Josh
Oswald
