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1537 E Grande Blvd 7,340 SF 100% Leased Office Building Tyler, TX 75703 $2,500,000 ($340.60/SF) 6.36% Cap Rate
Executive Summary
Great lease investment in the heart of Tyler!
2 lease contracts. 5 year lease on one just renewed and the other will be renewed next year.
Medical building
2 lease contracts. 5 year lease on one just renewed and the other will be renewed next year.
Medical building
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
7,340 SF
Building Class
B
Year Built
2015
Price
$2,500,000
Price Per SF
$340.60
Cap Rate
6.36%
NOI
$159,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,670 SF
Building FAR
0.26
Lot Size
0.65 AC
Zoning
(Commercial)
Parking
28 Spaces (3.81 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1-50000-1112-01-001000 | Improvements Assessment | $1,199,110 |
| Land Assessment | $184,890 | Total Assessment | $1,384,000 |
Property Taxes
Parcel Number
1-50000-1112-01-001000
Land Assessment
$184,890
Improvements Assessment
$1,199,110
Total Assessment
$1,384,000
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Contact the Sale Advisor
1537 E Grande Blvd