Woodgate I Office Building

Office for Sale
Catylist Listing ID: 30329611
Property Subtypes: Office Building
Building Size (RSF): 32,777 SF
Gross Building Area: See Agent
Gross Land Area: 4.13 Acres
Sale Price: $2,950,000
Unit Price: $90 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Woodgate I
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/19/2020

Overview / Comments

Nearly $750,000 of Improvements Including:
New roof with 20 year warranty
Newly remodeled office suites
New HVAC units
LED exterior lighting
Landscaping upgrade & dead tree removal
Parking lot seal coat and striping
New paint and flooring in the common area hallway
HUGE upside in rents, future income and value
Purchase for less than 1/2 the cost of new construction

Attachments & Media

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000131100002060
Property Visibility: Good
Highway Access: Loop 323 & New Copeland Road
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1977
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 2.2 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 73
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: RPO
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,892 65,220 111,717
Median Age: 38.03 36.24 34.49
Households: 4,399 27,439 43,469


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