Office Properties in El Monte, California, offer a unique investment opportunity for those looking to capitalize on the city's growing economy. As a hub for banking and finance, education, transportation, and health services, El Monte provides a diverse range of industries that support a strong commercial real estate market. Office Properties in El Monte can represent a variety of investments, from single-story buildings to multi-story complexes, each catering to different business needs and sizes. The city's infrastructure, including the El Monte Police Department, Los Angeles County Fire Department, and Metro's J Line, provides a solid foundation for businesses to operate efficiently. Additionally, the city's Mediterranean climate, classified as K ppen climate Csa, and its location between the San Gabriel and Rio Hondo Rivers make it an attractive place to live and work. With notable companies like Cathay Bank having a corporate center in the city, El Monte is an ideal location for businesses to establish themselves. The city's many amenities, including the Monrovia Health Center, El Monte Comprehensive Health and Mammography Center, and San Gabriel Valley Airport, also contribute to its appeal.
With 11 Office Properties for sale in El Monte, investors have a range of options to choose from. The average price per square foot is $689 USD, with an average size of 61,550 square feet. The largest Office Property available is 142,066 square feet. In addition to Office Properties, El Monte also offers Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels for sale. The city's Commercial Real Estate market is supported by its strong transportation infrastructure, including Interstate 10 and Metrolink's San Bernardino Line. Apartment Buildings in El Monte offer a range of options for residents, from luxury complexes to affordable housing. Shopping Centers in the city provide a variety of retail options, while Hotels cater to the city's growing tourism industry. Overall, El Monte's diverse range of properties and strong economy make it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in El Monte?
The average price per square foot for office properties in El Monte is $689 USD, with 11 available listings, ranging in size from 61,550 square feet to 142,066 square feet, and an average cap rate of 2.6%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in El Monte, 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 modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with adequate amenities, often located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are older, less modern buildings with limited amenities, often located in less desirable areas, and are typically sought after by budget-conscious tenants or those requiring minimal amenities.
