For Sale
$5,200,000

3219 LoopTyler, TX 75701

High-yield industrial portfolio, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents Pinnacle Plaza, a 53,112 square foot multi-tenant industrial portfolio situated on 4.559 acres in Tyler, Texas. The property boasts a commanding 370-foot frontage on SSW Loop 323, a major traffic artery with an impressive 49,590 AADT (2023). Strategically located near auto dealerships, retailers, Tyler Junior College's West Campus, and a new 240-acre mixed-use development, this property benefits from excellent visibility and accessibility. The portfolio comprises four Class B buildings constructed in 1979 and 1980, featuring nine units across a single story. Currently 100% occupied by established long-term tenants, DriveTime and Hertz, the property generates a substantial net operating income (NOI) of $382,648, resulting in an attractive 7.36% cap rate. The asking price is $5,200,000, translating to $97.91 per square foot. The property is zoned M-1 (partially within city limits) and offers three convenient ingress/egress points on Loop 323, along with retail and pylon signage opportunities. This core investment presents a rare opportunity to acquire a high-performing, well-located industrial portfolio in a thriving Texas market. The property's strong tenancy, high occupancy rate, and prime location make it an ideal addition to any diversified investment portfolio. Further details are available upon request.

Highlights

  • Long-term tenants in place.
  • Three ingress/egress points on Loop 323.
  • Excellent access to major thoroughfares.
  • 370 feet of frontage on Loop 323.
  • Fully leased.
  • Retail and pylon signage opportunities available.

Property Details for 3219 Loop

Property type
Warehouses, Retail properties
Square Feet
53,112 SF
Class
B
Buildings
4
Stories
1
Lot Size (sq. ft)
198,590 SF
Units
9

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.3109853
Longitude
-95.3417276
3219 Loop, Tyler, Texas

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3219 Loop
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