Gilbert, Arizona, is an attractive location for investors seeking to purchase office properties for sale. With a growing population of approximately 290,000 residents, Gilbert offers a strong economy, competitive schools, and safe neighborhoods, making it an ideal place to invest in office properties. Office properties in Gilbert can represent a range of investments, from single-story buildings to multi-story complexes, and can cater to various businesses, from startups to established corporations. Gilbert's amenities, infrastructure, location, education, and geography make it an attractive location for office properties. The town's proximity to major transportation facilities, such as the Santan Freeway and the US 60 Superstition Freeway, provides easy access to surrounding cities. Additionally, Gilbert is home to institutions like Park University, which offers higher education opportunities, and companies like GoDaddy, Northrop Grumman, and Banner Health, which contribute to the town's diverse economy. The town's pleasant subtropical, hot desert climate and mild winters also make it an attractive location for businesses and travelers alike.
Gilbert, Arizona, offers a range of office properties for sale, with 18 listings currently available. The average price per square foot is $389 USD, and the average size of these properties is 38,931 square feet, with the largest property spanning 114,000 square feet. The average cap rate for office properties in Gilbert is 5.92%. In addition to office properties, Gilbert also offers other commercial real estate options, such as commercial buildings, apartment buildings, shopping centers, and hotels. For instance, the town's Heritage District is known for its historic charm and vibrant atmosphere, with a variety of shops, restaurants, and cultural attractions. Gilbert's downtown area also offers a mix of modern amenities and historical buildings, providing a unique blend of old and new. With its diverse economy, strong infrastructure, and pleasant climate, Gilbert is an attractive location for businesses and investors alike.
What is the average price per square foot for office properties in Gilbert?
The average price per square foot for office properties in Gilbert is $389 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Gilbert, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, advanced technology, and prime locations, often appealing to large corporations and professional services firms.
- Class B office properties offer a balance of quality and affordability, featuring functional spaces with some amenities, suitable for smaller businesses, startups, and entrepreneurs.
- Class C office properties are often older, more basic buildings with limited amenities, typically appealing to budget-conscious businesses or those requiring minimal space.
