Plymouth, Minnesota, is an attractive location for investors looking to purchase office properties, with its strong economy and excellent infrastructure. Office properties in Plymouth offer a range of investment opportunities, from single-tenant buildings to multi-tenant complexes, and can be an attractive option for those looking to diversify their portfolio. With a population of approximately 80,000, Plymouth has a diverse economy with major employers in various industries, including healthcare, technology, and retail. The city's amenities, such as the Park Nicollet Plymouth Clinic and WestHealth Medical Center, make it an attractive location for businesses and residents alike. Additionally, Plymouth's location near downtown Minneapolis and its access to major highways, including Interstate 494 and U.S. Highway 169, make it an ideal location for businesses that need to be connected to the larger metropolitan area. The city's scenic parks and lakes, including Medicine Lake, also provide a unique quality of life for residents and employees.
Plymouth's office properties are situated in a desirable location, with nearby amenities and attractions that make it an attractive location for businesses and employees. In addition to office properties, Plymouth also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For example, the city's shopping centers, such as the Plymouth Creek Center, offer a range of retail and dining options for residents and employees. Apartment buildings, such as those found in the downtown area, provide housing options for employees and residents. Hotels, such as the Hilton Garden Inn Plymouth, offer accommodations for business travelers and visitors. With a range of office properties available, including 7 listings, Plymouth is an attractive location for investors looking to purchase office properties. The average price per square foot for office properties in Plymouth is $331 USD, with an average size of 12,792 square feet. The largest office property available is 51,821 square feet, offering a range of options for investors. With an average cap rate of , office properties in Plymouth offer a competitive investment opportunity.
What is the average price per square foot for office properties in Plymouth?
As of now, there are 7 office properties available for sale in Plymouth, with an average price per square foot of $331 USD, and an average size of 12,792 square feet, ranging up to 51,821 square feet, making it an attractive option for businesses looking to establish a presence in this suburban area just 10 miles west of downtown Minneapolis.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Plymouth, Minnesota, 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 premium finishes, advanced technology, and top-notch amenities, often located in prime areas with easy access to major highways and public transportation.
- Class B office properties offer a balance between quality and affordability, providing functional spaces with standard amenities, and are usually situated in decent locations with moderate access to transportation.
- Class C office properties are often older buildings with basic amenities, located in less desirable areas, and may require renovation or upgrading, making them a more affordable option for businesses on a budget.
