Commercial Real Estate in Yuma, Arizona, offers a unique investment opportunity for those looking to capitalize on the city's strong agricultural industry and strategic location. As the "Winter Lettuce Capital of the World," Yuma's economy is heavily influenced by seasonal agriculture, with major corporations like Dole Fresh Vegetables and Shaw Industries operating in the area. The city's infrastructure, including Yuma International Airport and Yuma Station (Amtrak), provides easy access to major cities across the United States, making it an attractive location for businesses and investors alike. Additionally, Yuma's sunny and warm weather, with over 400 days of sunshine per year, makes it an ideal place to live and work. With a strong presence of educational institutions like Arizona Western College and the University of Arizona, Yuma offers a skilled workforce and a high quality of life. The city's many amenities, including the Yuma Regional Medical Center and West Wetlands Park, further enhance its appeal as a great place to invest in Commercial Real Estate.
Yuma's Commercial Real Estate market offers a range of investment opportunities, with 18 listings currently available. The average price per square foot is $214 USD, and the average size of these properties is 21,943 square feet, with the largest property spanning 65,260 square feet. In addition to Commercial Real Estate, Yuma also offers Industrial Properties, such as warehouses and manufacturing facilities, which can be ideal for businesses looking to take advantage of the city's agricultural industry. Apartment Buildings are another option, with many complexes located near the city's universities and amenities. Office Properties, including office buildings and coworking spaces, are also available, providing a range of options for businesses of all sizes. Finally, Hotels and hospitality properties are another investment opportunity in Yuma, catering to the city's growing tourism industry. With its unique blend of agriculture, education, and tourism, Yuma is an attractive location for investors looking to diversify their portfolio.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Yuma, Arizona, there are several alternatives to consider, including:
- Traditional bank loans, which offer competitive interest rates and flexible repayment terms, making them a popular choice for commercial property investors.
- Small Business Administration (SBA) loans, which provide financing for small businesses and startups, with benefits such as lower down payments and longer repayment terms.
- Private money lenders, which offer alternative financing options for investors who may not qualify for traditional bank loans, often with faster approval processes and more flexible terms.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Yuma, Arizona, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 7%, investors can gauge the property's income-generating potential and make informed decisions about their investment.
For those new to commercial real estate investing, understanding cap rates is essential. To learn more about what is a cap rate and how it's calculated, check out our in-depth article at what is a cap rate. In Yuma, where agriculture and military presence drive the local economy, a thorough understanding of cap rates can help investors navigate the market and find opportunities that align with their investment goals.
What is considered a commercial property?
In Yuma, 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 industrial facilities, which can be found among the 18 available listings of commercial real estate for sale in the area.
These properties can range in size from 21,943 square feet to 65,260 square feet, with an average price per square foot of $214 USD and an average cap rate of 7%, making them attractive options for investors and business owners looking to establish or expand their operations in Yuma's strong agricultural and military-based economy.
