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825 Medical Drive

Tyler, TX 75701
  • $4,200,000
  • STATUS: Active
  • ON SITE: 432 Days
  • MLS #: 23001656
$4,200,000
  • 0
    BEDS
  • 1.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,166
    SQFT
  • $458
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

This is a prime opportunity to have a great Medical Office Building with an existing tenant about to start year 2 of a renewed 10 year NNN Lease, right in the heart of Tyler's Medical District, AND The Long Term Medical Tenant Plans on renewing per the Owner! It's in Great condition! All Expenses are the Tenants responsibility and the current Lease's Net Cap rate is apprx 5.5% with Bi Yearly increases!!

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[Greater Tyler Association Of Realtors MLS] logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-04-04T00:29:42.737.
www.deemartinsells.com/homes/136854033
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825 Medical Drive Tyler, TX 75701

  • Price: $4,200,000
  • Status: Active
  • On Site: 432 Days
  • MLS #: 23001656
0
Beds
0
Baths
0
½ Baths
1.2
Acres
9,166
SQFT
$458
$/SQFT
Neighborhood:
Smith
County:
Smith
Area:
Smith
Property Description
This is a prime opportunity to have a great Medical Office Building with an existing tenant about to start year 2 of a renewed 10 year NNN Lease, right in the heart of Tyler's Medical District, AND The Long Term Medical Tenant Plans on renewing per the Owner! It's in Great condition! All Expenses are the Tenants responsibility and the current Lease's Net Cap rate is apprx 5.5% with Bi Yearly increases!!
Exterior Features

Construction Brick Veneer Lot Dimensions 1.205 Road Surface Concrete Water View No Waterfront No

Property Features

Available Financing ConventionalCash Building Description Office Building(s)Special Purposes Commercial Type Building Foreclosure Or Bank Owned No Lease Terms Other/See Remarks Location Inside City LimitsIndustrial/Business Park Sale Includes Building Security Gate No Short Sale YN No Year Built Source 1981 Zoning Restricted Prof Office

Listing provided courtesy of Tony Foster of Better Homes & Gardens Real Estate I-20 Team: . Listing information © 2024 Greater Tyler Association of REALTORS® Multiple Listing Service.


[Greater Tyler Association Of Realtors MLS] logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-04-04T00:29:42.737.
 
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Dee Martin Realty Group | Re/Max Tyler
3930 Old Bullard Rd.
Tyler TX, 75701