Listed by Drake Real Estate & Investments
$5,200,000
Pinnacle Plaza
Details
APN R198738, R198739, R198740
Property Type Industrial, Mixed Use
Sub Type Auto Shop, Flex
Square Footage 53,112
Units 9
Cap Rate 8.41%
NOI $437,108
Occupancy 94%
Tenancy Multi
Brand/Tenant DriveTime, Hertz
Lease Type NNN
Price per SqFt $98
Class B
Year Built 1979, 1980
Buildings 4
Stories 1
Acreage 4.559
Zoning M-1 (Partially in City Limits)
Investment Type Core
Ground Lease No
Industrial | 8.41% CAP | 53,112 SqFt
Marketing description
Strategically located on the west side of Tyler, TX, on SSW Loop 323, near auto dealerships, retailers, TJC West Campus, and Tyler’s newest 240-acre mixed-use development. Tyler, the largest city in Northeast Texas, serves as a regional hub for commerce and culture. Loop 323 is a major traffic corridor, facilitating access to surrounding East Texas markets.
See OM for more details!
Investment highlights
- Established long-term tenants
- (3) three ingress/egress points on Loop 323
- Easy access to all major corridors
- Approximately 370' frontage on SSW Loop 323
- 94% leased
- Retail & pylon signage available
- AADT (2023) 49,590
Listing Contacts
Listed by Drake Real Estate & Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$437,107.96
$36,425.66/mo
Valuation Metrics
0
DSCR
8.41%
Cap Rate
8.41%
ROI
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