Commercial Real Estate in Surprise, Arizona, presents a lucrative investment opportunity for those seeking to capitalize on the city's growing economy. As a hub for healthcare, retail, education, and government, Surprise offers a diverse range of industries that drive its economic growth. Commercial Real Estate in Surprise encompasses a broad spectrum of investments, including office spaces, retail centers, and industrial properties, each catering to specific business needs. The city's strategic location, with easy access to Loop 303 and U.S. Route 60, makes it an attractive destination for businesses seeking to establish a presence in the region. Additionally, Surprise boasts a range of amenities, including the Surprise Aquatics Center, Hollyhock community pool, and the Recreation Campus ballpark, which contribute to its appeal as a great place to live and work. With Ottawa University–Arizona and the Dysart Unified School District, Surprise is also a hub for education, further enhancing its desirability as a business location.
With 64 Commercial Real Estate listings available in Surprise, investors have a wide range of options to choose from. The average price per square foot for Commercial Real Estate in Surprise is $723 USD, with an average size of 24,564 square feet. The largest property available spans 165,647 square feet. Industrial Properties in Surprise offer a unique opportunity for businesses requiring specialized facilities, while Apartment Buildings provide a steady income stream for investors. Office Properties in Surprise cater to the city's growing professional sector, and Hotels offer a chance to capitalize on the city's tourism industry. With its rich cultural scene, including public art installations and community events, Surprise is an attractive destination for businesses and tourists alike, making it an excellent location for Commercial Real Estate investments.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Surprise, Arizona, there are several alternatives to consider, including:
- SBA Loans, which offer flexible terms and lower down payments, ideal for small businesses and startups;
- Conventional Loans, providing competitive interest rates and flexible repayment terms;
- Private Money Loans, suitable for investors and developers who require quick funding and flexible terms.
It's essential to explore these options and consult with a financial expert to determine the best financing strategy for your commercial real estate investment in Surprise, Arizona, where you'll find 64 available listings, with an average price per square foot of $723 USD and an average size of 24,564 square feet.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Surprise, Arizona, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 5.64%, investors can gauge the property's potential income generation and make informed decisions about their investment, which is essential in a city like Surprise where the economy is driven by healthcare, retail, education, and government sectors.
For those new to commercial real estate investing, understanding cap rates is vital, and our article on what is a cap rate provides a comprehensive guide to help investors navigate this critical aspect of commercial property investment. With 64 available listings of commercial real estate in Surprise, investors have a range of options to choose from, and a solid understanding of cap rates can help them make the most of their investment.
What is considered a commercial property?
In Surprise, Arizona, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income. These properties can range in size from 24,564 square feet to 165,647 square feet, with an average price per square foot of $723 USD and an average cap rate of 5.64%, offering investors and business owners a variety of opportunities to establish or grow their operations in this growing city.
