Current Use by Public Records
- Warehouses
Property Details for 3219 Loop
- Lot size
- 4.56 lot acres
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3417
- Latitude
- 32.311
