Yasin Ventures LLC Acquires Shops At Shiloh Retail In Tyler, Texas

The Shops at Shiloh in Smith County, Texas, with a total square footage of 14,927 and situated on 2.36 acres at 5011 Troup Highway in Tyler, was recently sold. The retail property, boasting a 95% occupancy rate, was acquired by Yasin Ventures LLC from Dallas/Fort Worth. The asset includes an anchor tenant, CEFCO convenience store and gas station, and is strategically positioned near major establishments like Walmart Supercenter, enhancing its investment appeal.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: Not Disclosed
• Buyer: Yasin Ventures LLC
• Buyer's Representative: Eliud Sangabriel - SVN Trinity Advisors
• Seller's Representatives: Austen Baldridge & Marc Peeler - NewQuest Properties

NewQuest Properties, representing the seller, successfully facilitated the sale of the Shops at Shiloh. The property garnered significant interest from buyers due to its favorable cap rate and leasing potential, with future lease roll opportunities being a point of attraction. Austen Baldridge, the senior vice president at NewQuest, played a vital role in highlighting these opportunities, ultimately helping close the deal with Yasin Ventures LLC.