Office Building For Sale - The Factory Workplace

Office for Sale
Catylist Listing ID: 30772354
Property Subtypes: Executive Suites, Coworking, Office Building
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.38 Acres
Sale Price: $1,735,000
Unit Price: $216.88 PSF
Property Use Type: Investment
Building Name: The Factory Workplace
Class of Space: Class A
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Beautiful, hard-to-find office building located just south of Tyler off of Old Jacksonville Hwy in Gresham.​ This 8,000 square foot building has new, modern finishes throughout.​ Constructed in 2018, this property has office spaces ranging from one room to multiple rooms and servicing a wide variety of small businesses.​ An additional 3/4 acre of land give the Buyer an opportunity for additional development and/or upside.​

Financials

Finance Data Year 2021
Net Operating Income $117,781 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 114530000000005070
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2018
Parking Type: Surface

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,352 54,562
Median Age: 39.06 37.72
Households: 6,246 22,989

Contact

Photograph of Listing Agent

Cole Ihrig

Patterson Commercial Property Group
GTAR Commercial Member
Photograph of Listing Agent

Russell Patterson

Patterson Commercial Property Group GTAR Commercial Member
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