Citrus Heights, California, offers a unique opportunity for investors to tap into the city's growing office market. With a population of approximately 90,000 residents, Citrus Heights has established itself as a hub for businesses and entrepreneurs. Office properties in Citrus Heights are a sound investment, providing a stable source of income and potential for long-term growth. These properties can range from small, single-story buildings to larger, multi-story complexes, catering to various businesses and industries. Citrus Heights' strategic location, with easy access to major freeways and highways, makes it an attractive location for companies seeking to establish a presence in the Sacramento area. The city's amenities, such as the Citrus Heights Community Center, Rusch Park, and Tempo Park, also contribute to its appeal. Additionally, the city's low humidity and mild climate make it an ideal location for businesses and residents alike. With notable companies like Sunrise Mall and various shopping centers, Citrus Heights has a diverse economic landscape that supports a range of industries.
Citrus Heights' office market is characterized by a range of properties, from small to large, with an average price per square foot of $156 USD and an average size of 7,227 square feet. The largest office property available in Citrus Heights spans 42,716 square feet. With an average cap rate of 8.23%, investors can expect a stable return on their investment. In addition to office properties, Citrus Heights also offers a range of other commercial properties, including commercial real estate, apartment buildings, shopping centers, and hotels. Commercial real estate in Citrus Heights provides opportunities for businesses to establish a presence in the city, while apartment buildings cater to the growing residential population. Shopping centers, such as Sunrise Mall, offer a range of retail options, and hotels provide accommodation for visitors and business travelers. Overall, Citrus Heights presents a unique opportunity for investors to diversify their portfolio and tap into the city's growing economy.
What is the average price per square foot for office properties in Citrus Heights?
The average price per square foot for office properties in Citrus Heights is $156 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Citrus Heights, it's essential to understand the different classifications, which can impact the property's value, rental income, and overall investment potential.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional and efficient space with standard finishes, suitable for a wide range of tenants, and are often priced lower than Class A properties.
- Class C office properties are typically older buildings with more basic finishes, may require renovation, and are often priced lower, making them attractive to startups, small businesses, or investors looking for a value-add opportunity.
