Alhambra, California, offers a unique opportunity for investors to purchase office properties in a city with a rich cultural heritage and a diverse economy. With a population of approximately 80,000 residents, Alhambra provides a stable and growing market for businesses to establish themselves. Office properties in Alhambra can represent a variety of investments, from small, single-tenant buildings to larger, multi-tenant complexes. These properties can be attractive to investors looking for a stable source of income or those seeking to capitalize on the city's growing business sector. Alhambra's amenities, including the Alhambra Hospital Medical Center and the Alhambra Golf Course, make it an attractive location for businesses and residents alike. The city's location, with easy access to major freeways and public transportation, also makes it an ideal spot for companies looking to establish a presence in the Los Angeles area. Additionally, Alhambra is home to several notable companies, including The Hat and Shakey's Pizza, which have been staples in the community for decades.
Currently, there are 17 office properties for sale in Alhambra, offering a range of options for investors. The average price per square foot for these properties is $432 USD, with an average size of 35,407 square feet. The largest property available is 99,831 square feet. In addition to office properties, Alhambra also offers a range of other commercial properties for sale, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, commercial real estate in Alhambra can be found along the Valley Boulevard corridor, which is home to a variety of businesses and restaurants. Apartment buildings in Alhambra offer a range of options for investors, from small, boutique buildings to larger, more complex properties. Shopping centers in Alhambra provide a hub for retail activity, with a range of stores and restaurants available. Hotels in Alhambra offer a convenient option for travelers and business visitors, with several properties available throughout the city. Overall, Alhambra offers a diverse range of commercial properties for sale, making it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Alhambra?
The average price per square foot for office properties in Alhambra is $432 USD per square foot, with 17 available listings ranging in size from 35,407 square feet to 99,831 square feet, and an average cap rate of 6.7%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Alhambra, it's essential to understand the different classifications, which can impact the property's value, rental income, and overall desirability.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rents.
- Class B office properties offer functional space with standard amenities, often located in decent areas, and are suitable for a wide range of tenants, providing a balance between affordability and quality.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and may require renovation, making them more affordable but also presenting potential challenges for investors.
