Office Properties in Surprise, Arizona, offer a unique opportunity for investors to tap into the city's growing economy. With a population of around 130,000, Surprise has experienced significant growth over the years, making it an attractive location for businesses and entrepreneurs. Office Properties in Surprise can represent a range of investments, from small, single-story buildings to large, multi-story complexes, catering to various industries and businesses. The city's infrastructure, including Loop 303 and U.S. Route 60, provides easy access to major areas in the region, making it an ideal location for companies. Additionally, Surprise is home to several educational institutions, such as the Dysart Unified School District, Rio Salado College, and Ottawa University–Arizona, which contribute to the city's skilled workforce. The city's amenities, including the Surprise Aquatics Center, Hollyhock community pool, and Surprise Tennis and Racquet Complex, also make it an attractive location for businesses and employees alike. With its growing economy and business-friendly environment, Surprise is an excellent place for business and travel, with attractions like the Surprise Stadium, home to the Kansas City Royals and Texas Rangers baseball teams.
With 7 Office Properties for sale in Surprise, investors have a range of options to choose from. The average price per square foot is $360 USD, and the average size is 12,457 square feet, with the largest property spanning 45,410 square feet. The average cap rate is 6.65%. In addition to Office Properties, Surprise also offers other commercial real estate options, such as Commercial Real Estate, which can cater to a range of businesses and industries. Apartment Buildings are another option, providing a steady income stream for investors. Shopping Centers, like those found along U.S. Route 60, offer a unique opportunity for retailers and restaurateurs. Hotels, such as those near the Surprise Stadium, cater to the city's growing tourism industry. With its diverse range of commercial properties, Surprise is an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Surprise?
The average price per square foot for office properties in Surprise is $360 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Surprise, Arizona, 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 premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional spaces with standard amenities, suitable for a wide range of businesses, and are generally more affordable than Class A properties.
- Class C office properties are often older buildings with basic amenities, requiring renovation or updating, and are typically priced lower than Class B properties, making them a more affordable option for startups or small businesses.
