Office Properties in Pasadena, California, offer a unique investment opportunity for those looking to tap into the city's strong economy and rich cultural heritage. As a hub for scientific, educational, and cultural institutions, Pasadena is an attractive location for businesses and entrepreneurs alike. Office Properties in Pasadena can represent a range of investments, from small startups to large corporations, and can provide a steady stream of income for investors. With its ideal location, amenities, and infrastructure, Pasadena is an excellent place to invest in an Office Property. The city is home to institutions like Caltech, Pasadena City College, and the Norton Simon Museum, and is served by the Pasadena Water and Power Department, which provides water and power services to the area. Additionally, Pasadena has a rich history, from its indigenous roots to its development as a resort town and its contemporary status as a hub for high-tech manufacturing and scientific companies. With its average price per square foot at $553 USD, and an average size of 16,735 square feet, Office Properties in Pasadena offer a compelling investment opportunity.
With 26 Office Properties available for sale in Pasadena, investors have a range of options to choose from. Pasadena is also home to a variety of other property types, including Commercial Real Estate, which offers opportunities for retail and entertainment investments. Apartment Buildings are another option, providing a steady stream of income through rental properties. Shopping Centers are also available, offering a chance to invest in retail space. And, with its rich history and cultural attractions, Hotels are a popular investment option in Pasadena. Whatever the investment goal, Pasadena has something to offer. From its scientific and educational institutions to its cultural attractions and amenities, Pasadena is an excellent location for Office Property investments, and with its average cap rate at 6.15%, investors can expect a strong return on their investment.
What is the average price per square foot for office properties in Pasadena?
The average price per square foot for office properties in Pasadena is $553 USD, with 26 available listings ranging in size from 16,735 square feet to 55,837 square feet, offering a diverse range of options for investors and businesses looking to establish a presence in this culturally rich and economically diverse city.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Pasadena, 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 high-end businesses and corporations.
- Class B office properties are mid-range buildings with standard amenities, situated in decent locations, and provide functional spaces, suitable for small to medium-sized businesses and startups.
- Class C office properties are older, less modern buildings with limited amenities, often located in less desirable areas, and are typically rented by small businesses or startups on a tight budget.
