Flagstaff, Arizona, offers a unique opportunity for investors to capitalize on the city's growing demand for office space. With a strong presence of scientific institutions, tourism, and healthcare, Flagstaff's office properties present a stable investment option. Office properties in Flagstaff can represent a range of investments, from single-tenant buildings to multi-tenant complexes, catering to various businesses and organizations. The city's amenities, such as the Flagstaff Medical Center, Northern Arizona University, and the Flagstaff Urban Trails System, make it an attractive location for businesses and employees alike. Additionally, Flagstaff's proximity to attractions like the Grand Canyon National Park and Historic Route 66 contributes to its appeal. The city's infrastructure, including the Southern Transcon rail corridor and Flagstaff Pulliam Airport, provides easy access to major transportation hubs. With a population of around 70,000, Flagstaff offers a unique blend of small-town charm and access to amenities, making it an excellent location for businesses and investors.
Currently, there are 4 office properties available for sale in Flagstaff, offering a range of options for investors. The average price per square foot for office properties in Flagstaff is $470 USD, with an average size of 10,186 square feet. The largest office property available measures 30,000 square feet. In addition to office properties, Flagstaff also offers a range of other commercial properties, including commercial real estate, apartment buildings, shopping centers, and hotels. Commercial real estate in Flagstaff can provide investors with a diverse range of options, from retail spaces to industrial facilities. Apartment buildings in Flagstaff offer a stable source of rental income, with many properties located near Northern Arizona University. Shopping centers in Flagstaff provide a hub for local businesses and services, while hotels cater to the city's growing tourism industry. With its unique blend of natural beauty, amenities, and infrastructure, Flagstaff presents a compelling investment opportunity for those looking to capitalize on the city's growth.
What is the average price per square foot for office properties in Flagstaff?
The average price per square foot for office properties in Flagstaff is $470 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Flagstaff, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- 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 rental rates.
- Class B office properties offer functional space with average amenities, often located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are typically older buildings with limited amenities, located in less desirable areas, and are often priced lower, making them attractive to startups, small businesses, or those on a budget.
