Office Properties in Overland Park, Kansas, offer a lucrative investment opportunity for those looking to capitalize on the city's growing economy. With a strong presence of major industries such as healthcare, retail trade, and information technology, Office Properties in Overland Park are in high demand. These properties can represent a range of investments, from single-story buildings to multi-story complexes, each catering to different business needs. Overland Park's strategic location, with easy access to Interstate 435 and U.S. Route 69, makes it an attractive destination for companies and entrepreneurs alike. The city's amenities, including the Overland Park Regional Medical Center, various parks, and sports facilities, contribute to its appeal. Additionally, the city's highly rated education institutions, such as Cleveland University-Kansas City and Johnson County Community College, provide a skilled workforce. With its below-average cost of living and median home value of $225,000, Overland Park is an ideal location for businesses and residents. The city's attractions, including the Overland Park Fall Festival and the Nerman Museum of Contemporary Art, make it a great place for business and travel.
With 35 Office Properties available for sale in Overland Park, investors have a range of options to choose from. The average price per square foot is $167 USD, with an average size of 32,324 square feet. The largest Office Property available is 129,321 square feet. In addition to Office Properties, Overland Park also offers Commercial Real Estate, with many opportunities for retail and industrial investments. Apartment Buildings are another option, with a range of complexes catering to different demographics. Shopping Centers, such as the Oak Park Mall, provide a hub for retail activity, while Hotels, like the Overland Park Marriott, cater to the city's visitors. With its diverse range of properties and strong economy, Overland Park is an attractive destination for investors and businesses alike.
What is the average price per square foot for office properties in Overland Park?
The average price per square foot for office properties in Overland Park is $167 USD per square foot, with 35 available listings ranging in size from 32,324 square feet to 129,321 square feet, and an average cap rate of 8.16%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Overland Park, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed 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 the highest rents.
- Class B office properties offer functional space with average amenities, decent locations, and standard finishes, appealing to a broad range of tenants and providing a balance between quality and affordability.
- Class C office properties are often older, less desirable buildings with limited amenities, located in less prime areas, and featuring basic finishes, typically attracting smaller businesses or startups with limited budgets.
