Commercial real estate in Garland, Texas, presents a lucrative investment opportunity for those looking to capitalize on the city's growing economy. With a population of around 250,000, Garland offers a diverse range of industries, including electronics, steel fabrication, oilfield equipment, and food processing, making it an attractive location for businesses. Commercial real estate in Garland encompasses a variety of investments, such as office buildings, retail spaces, and industrial properties, each offering a unique opportunity for investors. The city's infrastructure, including Garland Power and Light, the North Texas Municipal Water District, and the Garland wastewater treatment plant, provides a solid foundation for businesses to operate. Additionally, Garland's location, with access to major highways and transportation hubs, makes it an ideal location for companies. The city's amenities, including the Granville Arts Center, the Pace House, and over 2,880 acres of park land, also contribute to its appeal.
Garland's commercial real estate market offers a range of options for investors, with 85 available listings. The average price per square foot is $310 USD, and the average size of commercial properties is 25,690 square feet, with the largest property spanning 379,033 square feet. The average cap rate is 6.35%. In addition to commercial real estate, Garland also offers industrial properties, such as warehouses and manufacturing facilities, which can be ideal for businesses that require specialized spaces. Apartment buildings and office properties are also available, providing opportunities for investors to capitalize on the city's growing residential and commercial sectors. Hotels, such as those near the Garland/DFW Heloplex, offer another investment option, catering to the city's visitors and business travelers. Overall, Garland's commercial real estate market presents a diverse range of investment opportunities, making it an attractive location for businesses and investors alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Garland, Texas, there are several alternatives to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates;
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for qualified borrowers;
- Private money lenders and hard money loans, which offer more flexible terms and faster approval processes, but often come with higher interest rates and fees.
It's essential to carefully evaluate these options and consider factors such as your business's financial situation, creditworthiness, and investment goals when selecting a financing strategy for your commercial real estate purchase in Garland.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Garland, Texas, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.35%, investors can gauge the property's income-generating potential, making it essential to understand what is a cap rate and how it affects their investment decisions, as explained in our article at what is a cap rate.
In Garland, where there are 85 available listings of commercial real estate, investors can explore opportunities in various sectors, including electronics, steel fabrication, and food processing, and evaluate properties based on their cap rates to make informed investment decisions.
What is considered a commercial property?
In Garland, Texas, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities, which can be found among the 85 available listings of commercial real estate in the area.
These properties can range in size from 25,690 square feet to 379,033 square feet, with an average price per square foot of $310 USD and an average cap rate of 6.35%, making Garland an attractive location for businesses and investors alike.
