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1800-1820 Shiloh Rd
Tyler, TX 75703
The Atrium at Shiloh · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Recent improvements include: mansard roof replacement, upgraded landscaping, parking lot resurfacing, HVAC replacement on an as-needed basis
- Professionally managed and well maintained asset
- Overflow parking lot included in sale
- Priced well below replacement value at $60.76 per square foot
EXECUTIVE SUMMARY
The ATRIUMS at Shiloh is a 3-building, Class B office complex located at the signalized corner of Shiloh Road and Paluxy Drive just “outside the Loop” in desirable South Tyler. This 39,086 SF complex on 2.76 acres has maintained a ~95% occupancy rate over the past three years due to below market rents and the availability of short term leases. These factors present an upside opportunity for buyers.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
39,086 SF
Building Class
B
Year Built
1983
Price
$2,375,000
Price Per SF
$60.76
Cap Rate
6.59%
NOI
$156,492
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
39,086 SF
Building FAR
0.33
Lot Size
2.76 AC
Zoning
RPO - RPO - Restricted Professional Office
PROPERTY TAXES
| Parcel Number | 1-50000-1032-24-011000 | Improvements Assessment | $2,203,630 |
| Land Assessment | $240,450 | Total Assessment | $2,444,080 |
PROPERTY TAXES
Parcel Number
1-50000-1032-24-011000
Land Assessment
$240,450
Improvements Assessment
$2,203,630
Total Assessment
$2,444,080
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