Folsom, California, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse industries. Office properties in Folsom are a sound investment, as the city is home to major corporations like Intel, the largest private employer in the Sacramento area. Office properties can represent a range of investments, from single-tenant buildings to multi-tenant complexes, and can cater to various industries, including technology, education, and healthcare. Folsom's infrastructure, including the light rail train system and the Folsom Stage Line public bus service, provides easy access to Downtown Sacramento and surrounding areas. The city's amenities, such as Folsom Lake College and the Folsom Powerhouse, a National Historic Landmark, make it an attractive location for businesses and employees alike. Additionally, Folsom's geography, situated in the foothills of the Sierra Nevada, offers a unique blend of natural beauty and urban convenience. The city's attractions, including the Folsom Historic District and Folsom Lake, make it a great place for business and travel.
Currently, there are 10 office properties for sale in Folsom, offering a range of options for investors. The average price per square foot is $354 USD, with an average size of 12,739 square feet. The largest property available is 76,740 square feet. Office properties in Folsom offer a competitive average cap rate of 5.36%. In addition to office properties, Folsom also offers commercial real estate opportunities, including retail and industrial spaces. Apartment buildings and shopping centers are also available, providing a range of investment options. Hotels and other hospitality properties can also be found in Folsom, catering to the city's growing tourism industry. Overall, Folsom's diverse economy and range of investment options make it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Folsom?
The average price per square foot for office properties in Folsom is $354 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Folsom, 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, located in prime areas, and offer top-notch services, making them ideal for large corporations and professional firms.
- Class B office properties are mid-range buildings with average amenities, situated in decent locations, and provide standard services, suitable for small to medium-sized businesses and startups.
- Class C office properties are older, lower-quality buildings with limited amenities, often located in less desirable areas, and offer basic services, typically appealing to budget-conscious entrepreneurs and small businesses.
