Listed by Burns Commercial Properties
$13,900,000
One American Center
Details
Property Type Office
Sub Type Executive Office
Square Footage 120,690
Units 35
Cap Rate 7.55%
NOI $1,050,000
Occupancy 90.4%
Tenancy Multi
Price per SqFt $115
Class B
Year Built 1983
Acreage 5.390
Zoning PMXD-1
Office | 7.55% CAP | 120,690 SqFt
Marketing description
Introducing a prime investment opportunity in Tyler, TX: a 113,062 sf, 35-unit office building boasting a 90.4% occupancy rate. Built in 1983 and zoned pmxd-1, this property presents an attractive prospect for office building investors seeking a solid asset in a high-demand market. With its strategic location and impressive occupancy rate, this property delivers a compelling opportunity to generate long-term value and stable returns. Don't miss out on the potential of this well-established commercial asset in Tyler.
Location Description:
Discover the thriving, business-friendly community surrounding this prime location in Tyler, TX. positioned in the heart of the city, the area offers convenient access to major transportation routes, making it an ideal hub for commerce. Investors in office space will appreciate the proximity to prominent facilities like the charming rose Rudman park, providing a picturesque setting for relaxing strolls and outdoor meetings. A robust economy and a network of amenities, the area surrounding the property is a compelling choice for office building investors.
Investment highlights
- Leasehold Estate
- 120,690 SF multi-unit building with 35 units
- Constructed in 1983 with established operational history
- Zoned PMXD-1 with high-density mixed-use flexibility
- Strong 90.4% occupancy rate reflecting solid in-place performance
- Prime frontage and visibility along Loop 323 in Tyler, TX
- Zoned PMXD-1 with high-density mixed-use flexibility
Listing Contacts
Listed by Burns Commercial Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,050,000.00
$87,500.00/mo
Valuation Metrics
0
DSCR
7.55%
Cap Rate
7.55%
ROI
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