Office Properties in Sunrise, Florida, offer a unique investment opportunity for those looking to capitalize on the city's growing economy and strategic location. As a hub for commercial developments, corporate attraction, and service and operations centers, Sunrise provides an ideal environment for office properties to thrive. These properties can range from Class A office spaces to flex spaces, each catering to different business needs and offering a unique investment opportunity. With its proximity to major transportation hubs, including the Florida Turnpike, I-95, and Sawgrass Expressway, office properties in Sunrise offer easy access to Miami-Dade, Broward, and Palm Beach counties. The city's diverse economy, which includes major employers like Amerant Bank Arena, Sawgrass Mills, Sawgrass International Corporate Park, IKEA, Air France, CIGNA Healthcare, and Emerson Electric Company, ensures a steady demand for office spaces. Additionally, the city's amenities, such as the Sunrise Utilities Department, fire-rescue and police departments, parks, and public schools, make it an attractive location for businesses and residents alike. With attractions like Sawgrass Mills and the Amerant Bank Arena, Sunrise is a great place for business and travel.
With 16 office properties for sale in Sunrise, investors have a wide range of options to choose from. The average price per square foot is $297 USD, with an average size of 21,436 square feet and a largest size of 119,481 square feet. The average cap rate is 6.27%. In addition to office properties, Sunrise also offers other investment opportunities, including Commercial Real Estate, which can provide a steady income stream through rental properties. Apartment Buildings are another option, offering a potential for long-term appreciation in value. Shopping Centers, like Sawgrass Mills, provide a unique opportunity for retail investment, while Hotels, like those near the Amerant Bank Arena, can offer a lucrative investment opportunity in the hospitality industry. With its diverse economy and strategic location, Sunrise is an attractive location for investors looking to diversify their portfolio.
What is the average price per square foot for office properties in Sunrise?
The average price per square foot for office properties in Sunrise is $297 USD per square foot, with an average size of 21,436 square feet and a largest size of 119,481 square feet among the 16 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Sunrise, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, advanced technology, and prime locations, often appealing to large corporations and professional firms.
- Class B office properties are older, yet still well-maintained, with functional amenities and a more affordable price point, making them suitable for small to medium-sized businesses and startups.
- Class C office properties are older, less modern, and may require renovation, often appealing to budget-conscious buyers or those looking for a fixer-upper opportunity.
