6435 Paluxy DrTyler, TX 75703

Property Details for 6435 Paluxy Dr

Year built

1999

Lot size

2.29 AC

Property size (Sq ft)

15,600 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

1-59905-0000-00-001000

APU

159905000000001000

Description

This exceptional self-storage facility in Tyler, Texas presents a compelling investment opportunity. Boasting 35,540 net rentable square feet across 278 units in eight single-story buildings, this property is 91% occupied as of May 31, 2024. Built in 1999, the facility sits on a 2.29-acre lot (APN R152208) in a prime location at 6435 Paluxy Dr, Tyler, TX 75703, a busy, signalized intersection with over 30,000 vehicles passing daily, ensuring high visibility. The property features a mix of climate-controlled and non-climate-controlled units, and current rental rates outperform competitors on most units, promising strong revenue generation potential. With a pro-forma NOI of $342,270, this fee-simple ownership offers significant upside potential, particularly given the ability to increase rental rates by over 5% to meet current market demands. The surrounding area boasts a median household income exceeding the national average at $79,747 within a three-mile radius, indicating strong tenant demand and long-term stability. The property is zoned commercial. This is a rare opportunity to acquire a fully stabilized, high-performing self-storage asset in a thriving Texas market.

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.2771

Longitude

-95.2805

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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