Auburn, Washington, offers a unique opportunity for investors to capitalize on the growing demand for office properties. With a strong economy driven by major employers such as the Boeing Plant and the United States General Services Administration, Auburn is an attractive location for businesses. Office properties in Auburn represent a diverse range of investments, from single-story buildings to multi-story complexes, each offering a unique set of benefits and opportunities. The city's well-developed transportation infrastructure, including State Route 167 and State Route 18, as well as the Auburn Transit Center and Sounder commuter trains, makes it an ideal location for businesses that require easy access to Seattle and other surrounding cities. Additionally, Auburn's educational institutions, such as Green River College, provide a skilled workforce, making it an attractive location for businesses. The city's amenities, including the Auburn Medical Center and the Emerald Downs thoroughbred racetrack, also contribute to its appeal. With 2 office properties available for sale, investors have a range of options to choose from, with average prices per square foot of $375 USD and average sizes of 23,634 square feet.
Auburn's office properties are situated in a city with a rich history and a strong sense of community. The city's connection to the White and Green Rivers has played a significant role in its development, and its proximity to Seattle makes it an attractive location for businesses. In addition to office properties, Auburn also offers a range of other commercial properties, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, the Outlet Collection Seattle, formerly known as the SuperMall of the Great Northwest, is a prominent shopping destination in the area. The city's economic landscape is also characterized by the presence of major employers, such as the Boeing Plant and the United States General Services Administration. With its unique blend of history, culture, and economic opportunity, Auburn is an attractive location for businesses and investors. The city's office properties offer a range of benefits, including average cap rates of 4.67% and sizes ranging from 11,511 to 41,652 square feet. Overall, Auburn's office properties represent a unique opportunity for investors to capitalize on the growing demand for commercial space in the Seattle metropolitan area.
What is the average price per square foot for office properties in Auburn?
The average price per square foot for office properties in Auburn is $375 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Auburn, it's essential to understand the classification system, which categorizes properties based on factors such as age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties are older, yet still well-maintained, with fewer amenities than Class A properties, but still offering a professional environment at a lower cost.
- Class C office properties are older, functional buildings with limited amenities, often requiring renovation, and typically appealing to budget-conscious tenants or those seeking a more affordable option.
