Rancho Cordova, California, is a prime location for investing in office properties, offering a unique blend of history, scenic beauty, and economic diversity. With a population of approximately 80,000 residents, the city provides a stable and growing market for businesses. Office properties in Rancho Cordova represent a range of investment opportunities, from single-story buildings to multi-story complexes, catering to various industries such as technology, healthcare, and education. The city's strong financial standing, recognized by Standard and Poor's credit rating agency, and its council-manager form of government, ensure a supportive environment for businesses to thrive. Rancho Cordova's scenic beauty, including the American River Parkway and urban farms, adds to its appeal, making it an attractive location for businesses and employees alike. Notable companies like Aerojet/Rocketdyne and Soil Born Farms have already established themselves in the area, highlighting the city's potential for growth and development.
Rancho Cordova's office properties are situated in a desirable location, with easy access to major transportation facilities, including the Gold Line light rail line and various bus lines operated by Sacramento Regional Transit. The city's diverse economy, strong educational institutions, and scenic beauty make it an attractive location for businesses and employees. In addition to office properties, Rancho Cordova also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For example, the Barrel District offers a unique character and charm, while the historic Sheepherder Bar & Grille provides a glimpse into the city's rich history. With 10 office properties currently available for sale, investors have a range of options to choose from, with average prices per square foot of $180 USD and average sizes of 58,986 square feet. The largest available property spans 152,495 square feet, offering ample space for businesses to grow and expand.
What is the average price per square foot for office properties in Rancho Cordova?
The average price per square foot for office properties in Rancho Cordova is $180 USD, with 10 available listings, ranging in size from 58,986 square feet to 152,495 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 Rancho Cordova, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to help you make an informed decision.
- Class A office properties are typically modern, well-maintained, and offer high-end amenities, making them ideal for businesses seeking a prestigious address.
- Class B office properties are older, but still well-maintained, and may offer fewer amenities, making them a more affordable option for businesses with smaller budgets.
- Class C office properties are often older, may require renovation, and typically offer limited amenities, making them suitable for startups or businesses on a tight budget.
