Commercial Real Estate in Peoria, Arizona offers a unique opportunity for investors to tap into the city's growing economy. With a population of around 170,000, Peoria has established itself as a significant part of the Phoenix metropolitan area, making it an attractive location for businesses and individuals alike. Commercial Real Estate in Peoria can represent a wide range of investments, from office buildings and retail spaces to industrial properties and hotels. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in Commercial Real Estate. For instance, the Peoria Sports Complex and the Peoria Center for the Performing Arts provide entertainment options, while institutions like Trine University and Huntington University offer educational opportunities. Additionally, the city's proximity to Lake Pleasant and its mix of mountains, hills, and water bodies create a diverse natural landscape. As a result, Peoria is a great place for business and travel, with attractions like the Arizona Broadway Theater and Harkins Theatres in the entertainment district known as "P83."
With 55 Commercial Real Estate listings available in Peoria, investors have a range of options to choose from. The average price per square foot for Commercial Real Estate in Peoria is $857 USD, with an average size of 10,518 square feet. The largest property available is 174,609 square feet, offering ample space for businesses to grow. In addition to Commercial Real Estate, Peoria also offers Industrial Properties, such as the Amkor semiconductor plant, which has brought around 2,000 new jobs to the city. Apartment Buildings, Office Properties, and Hotels are also available, providing a diverse range of investment opportunities. Overall, Peoria's Commercial Real Estate market offers a unique blend of economic growth, recreational amenities, and natural beauty, making it an attractive location for investors.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Peoria, Arizona, there are several alternatives to consider, including:
- Traditional bank financing, which typically offers competitive interest rates and flexible repayment terms;
- Commercial mortgage-backed securities (CMBS) loans, which provide access to a larger pool of capital and can offer more favorable terms;
- Private money lending, which can offer more flexible terms and faster approval processes, but often at a higher cost.
With 55 available listings of commercial real estate in Peoria, understanding the financing options can help investors and business owners make informed decisions about their property purchases.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Peoria, Arizona, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.03%, investors can gauge the property's potential income generation and make informed decisions, as a higher cap rate generally indicates a better investment opportunity - to learn more about cap rates, check out our article on what is a cap rate.
In Peoria, where there are currently 55 available listings of commercial real estate, understanding cap rates is essential for investors to navigate the market effectively. By analyzing cap rates, investors can compare properties and identify opportunities that align with their investment goals, taking into account factors such as the average price per square foot of $857 USD and average property size of 10,518 square feet.
What is considered a commercial property?
In Peoria, 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. These properties can range in size from 10,518 square feet to 174,609 square feet, with an average price per square foot of $857 USD and an average cap rate of 6.03%, offering a wide range of opportunities for investors and business owners in the area, with 55 available listings to choose from.
