Office Properties in Tracy, California, are a savvy investment opportunity for those looking to capitalize on the city's strategic location and growing economy. As a hub for agriculture, transportation, and logistics, Tracy offers a unique blend of industries that drive demand for office space. Office Properties in Tracy can represent a range of investments, from single-story buildings to multi-tenant complexes, each with its own advantages and opportunities. With its proximity to major highways, rail lines, and the San Francisco Bay Area, Tracy is an attractive location for businesses seeking convenient access to markets and talent. The city's amenities, including the Tracy Municipal Airport, Tracy Post Office, and Deuel Vocational Institution, further enhance its appeal. Additionally, Tracy's educational institutions, such as Tracy High School and Merrill F. West High School, provide a skilled workforce and contribute to the city's economic vitality.
With 4 Office Properties for sale in Tracy, investors have a range of options to choose from. The average price per square foot is $553 USD, and the average size is 3,466 square feet, with the largest property spanning 10,020 square feet. The average cap rate is 6%. In addition to Office Properties, Tracy also offers a range of other commercial real estate options, including Commercial Real Estate, which can provide a steady stream of income; Apartment Buildings, which offer a unique opportunity for rental income; Shopping Centers, which can capitalize on the city's growing retail sector; and Hotels, which can cater to the city's business travelers. With its rich history, diverse economy, and convenient location, Tracy is an attractive destination for businesses and investors alike.
What is the average price per square foot for office properties in Tracy?
The average price per square foot for office properties in Tracy is $553 USD, with 4 available listings, offering a range of sizes from 3,466 square feet to 10,020 square feet, and an average cap rate of 6%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Tracy, it's essential to understand the different classifications, which can impact factors like rental rates, property value, and tenant quality.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, prime locations, and high-end finishes, attracting high-profile tenants and commanding higher rental rates.
- Class B office properties offer functional, well-maintained spaces with standard amenities, often located in decent areas, and are suitable for a wide range of tenants, with moderate rental rates.
- Class C office properties are usually older, less renovated buildings with limited amenities, often found in less desirable areas, and tend to have lower rental rates, appealing to budget-conscious tenants or startups.
