Office Properties for sale in Modesto, California, offer a unique investment opportunity in a city that boasts a strong agricultural industry, rich farmland, and a growing population of approximately 220,000 residents. As a hub for milk, almonds, chickens, walnuts, and corn silage production, Modesto's economy is diversifying, making it an attractive location for businesses and investors alike. Office Properties in Modesto can represent a range of investments, from single-story buildings to multi-story complexes, each offering a unique set of benefits and opportunities. With its central location, Modesto provides easy access to major highways, including Interstate 5 and California State Route 99, making it an ideal location for businesses that require transportation infrastructure. Additionally, the city's amenities, such as the Gallo Center for the Arts, Modesto Centre Plaza, and the Downtown Plaza, make it an attractive location for businesses and employees alike. The city's educational institutions, including Modesto Junior College and Community Business College, provide a skilled workforce, further enhancing the appeal of Office Properties in Modesto. With its unique blend of agricultural heritage and modern amenities, Modesto is an excellent location for businesses and investors looking to establish a presence in the Central Valley region.
Modesto's Office Properties for sale offer a unique opportunity to invest in a city that is poised for growth. With 11 Office Properties currently available, investors have a range of options to choose from. In addition to Office Properties, Modesto is also home to a range of other commercial properties, including Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. For example, Commercial Real Estate in Modesto offers a range of opportunities, from retail spaces to industrial parks, while Apartment Buildings provide a steady stream of income through rental properties. Shopping Centers, such as the Downtown Plaza, offer a hub of commercial activity, while Hotels, like the Modesto Hotel, provide accommodations for visitors and business travelers. With its diverse range of commercial properties, Modesto is an attractive location for investors and businesses alike. Overall, Modesto's Office Properties for sale offer a unique investment opportunity in a city that is rich in history, culture, and economic potential.
What is the average price per square foot for office properties in Modesto?
The average price per square foot for office properties in Modesto is $236 USD per square foot, with a total of 11 available listings, ranging in size from 9,725 square feet to 42,000 square feet, and offering an average cap rate of 5.86%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Modesto, 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 top-notch amenities, modern infrastructure, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer a balance between quality and affordability, providing functional spaces with standard amenities, suitable for a wide range of businesses, and are often located in decent areas.
- Class C office properties are generally older buildings with limited amenities, located in less desirable areas, and may require renovation or upgrading, but can offer more affordable options for startups or small businesses.
