Office Properties in Bellevue, Washington, offer a unique opportunity for investors seeking a stable and lucrative investment. With a strong economy and a high median household income, Bellevue is an attractive location for businesses and residents alike. Office Properties in Bellevue can represent a range of investments, from single-story buildings to high-rise complexes, each with its own unique characteristics and benefits. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in an Office Property. For instance, Bellevue is home to major technology companies like Microsoft, Amazon, and Google, and its proximity to Seattle and other surrounding cities makes it an attractive location for businesses. Additionally, the city's scenic views, mild oceanic climate, and average annual rainfall of around 32 inches create a desirable environment for residents and businesses. Bellevue's attractions, such as the Bellevue Botanical Garden, Downtown Park, and Meydenbauer Center, also make it a great place for business and travel.
With 8 Office Properties for sale in Bellevue, investors have a range of options to choose from. The average price per square foot is $683 USD, and the average size of these properties is 17,084 square feet, with the largest property spanning 86,524 square feet. The average cap rate for these properties is 3.49%. In addition to Office Properties, Bellevue also offers a range of other property types, including Commercial Real Estate, which can be found in the city's downtown area, Apartment Buildings, which are scattered throughout the city, Shopping Centers, like the Factoria Mall and Crossroads Mall, and Hotels, which cater to the city's many visitors. Overall, Bellevue's unique blend of business, education, and recreation makes it an attractive location for investors seeking a stable and lucrative investment.
What is the average price per square foot for office properties in Bellevue?
The average price per square foot for office properties in Bellevue is $683 USD per square foot, with 8 available listings ranging in size from 17,084 square feet to 86,524 square feet, and an average cap rate of 3.49%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Bellevue, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-end finishes, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional spaces with standard amenities, located in decent areas, and are often priced lower than Class A properties, making them a popular choice for small to medium-sized businesses.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and are often priced lower, appealing to startups or businesses on a tight budget.
