Office Properties in Plano, Texas, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 285,000 residents. As a hub for major corporations, including Frito Lay, JCPenney, and Pizza Hut, Plano provides an ideal environment for businesses to thrive. Office Properties in Plano can represent a range of investments, from Class A high-rise buildings to smaller, more intimate office spaces. With amenities like the Plano Fire-Rescue department, Plano Police Department, and the North Texas Municipal Water District, Plano offers a well-equipped infrastructure that supports businesses and residents alike. The city's location, approximately 17 miles from Downtown Dallas, makes it an attractive option for those looking to tap into the larger Dallas-Fort Worth metropolitan area. Additionally, Plano's educational institutions, such as Collin College and DBU North, provide a skilled workforce, while attractions like the Plano Balloon Festival and the Heritage Farmstead Museum make it an attractive place to live and work.
With 53 Office Properties available for sale in Plano, investors have a range of options to choose from. These properties offer an average price per square foot of $381 USD and an average size of 29,637 square feet, with the largest property spanning 800,000 square feet. The average cap rate for Office Properties in Plano is 6.75%. In addition to Office Properties, Plano also offers a range of other commercial properties, including Commercial Real Estate, which can provide a steady stream of income through rental properties; Apartment Buildings, which offer a unique opportunity to capitalize on the city's growing population; Shopping Centers, which provide a hub for retail and commerce; and Hotels, which cater to the city's many business travelers. Overall, Plano's strong economy, well-equipped infrastructure, and range of commercial properties make it an attractive option for investors looking to capitalize on the city's growth.
What is the average price per square foot for office properties in Plano?
The average price per square foot for office properties in Plano is $381 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Plano, it's essential to understand the different classifications, which can impact the property's value, amenities, and overall appeal to potential tenants.
- Class A office properties are typically high-rise buildings with top-notch amenities, modern infrastructure, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional spaces with standard amenities, suitable for a wide range of businesses, and are often priced lower than Class A properties.
- Class C office properties are typically older buildings with limited amenities, often requiring renovation or upgrading, and are usually the most affordable option for buyers or tenants.
