Office Properties for sale in Moreno Valley offer a unique investment opportunity in a city that boasts a rich history, diverse economy, and excellent infrastructure. As the second-largest city in Riverside County, Moreno Valley has established itself as a hub for industries such as manufacturing, logistics, and retail, with major corporations like Aurora Modular, U-Haul, and Lowe's operating in the area. The city's strategic location, with easy access to major highways and commuter rail, makes it an attractive location for businesses and commuters alike. Additionally, Moreno Valley's educational system, healthcare facilities, and public safety services provide a solid foundation for a strong and stable community. With 2 Office Properties for sale, investors can find a range of options to suit their needs, from small to large spaces, with an average price per square foot of $238 USD and an average size of 24,884 square feet. The largest Office Property available is 30,243 square feet, offering ample space for businesses to grow and thrive. With an average cap rate of 6.7%, Office Properties in Moreno Valley offer a promising investment opportunity.
Moreno Valley's Office Properties are part of a larger commercial real estate landscape that includes Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's diverse economy and excellent infrastructure make it an attractive location for businesses of all types. Nearby, the Riverside International Raceway, also known as RIR, was a notable tourism attraction that hosted various racing events and brought a unique sporting and entertainment experience to the local area. Today, the city's arts scene is thriving, with annual events like the Moreno Valley Cultural Arts Foundation's ArtsFest and the Moreno Valley Arts Commission's Art Walk. With its rich history, diverse economy, and excellent infrastructure, Moreno Valley is an attractive location for businesses and investors alike. Whether you're looking for an Office Property, Commercial Real Estate, Apartment Building, Shopping Center, or Hotel, Moreno Valley has something to offer. The city's unique blend of history, culture, and commerce makes it an attractive location for anyone looking to invest in the Inland Empire region.
What is the average price per square foot for office properties in Moreno Valley?
The average price per square foot for office properties in Moreno Valley is $238 USD per square foot, with 2 available listings ranging in size from 24,884 square feet to 30,243 square feet, and an average cap rate of 6.7%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Moreno Valley, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and rent rates, to make an informed decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and top-notch amenities, often located in prime areas, and command the highest rent rates.
- Class B office properties offer a balance between quality and affordability, with average finishes, functional layouts, and standard amenities, making them a popular choice for many businesses.
- Class C office properties are often older, with more basic finishes, limited amenities, and lower rent rates, appealing to startups, small businesses, or those on a tight budget.
