Redlands, California, is a city with a rich history, cultural attractions, and community events, making it an attractive location for investing in office properties. With a strong presence of local businesses, including Esri and Kimberly-Clark, Redlands offers a diverse economic landscape. Office properties in Redlands can represent a range of investments, from small, single-tenant buildings to larger, multi-tenant complexes. The city's amenities, infrastructure, and location make it an ideal place to invest in office properties. For example, the University of Redlands and the Gorman Learning Center provide access to a skilled workforce, while the city's downtown area offers a range of amenities, including restaurants, bars, and retail shops. Additionally, Redlands' proximity to major transportation facilities, such as the San Bernardino International Airport and the Arrow commuter rail service, makes it an attractive location for businesses. With a total of 9 office properties for sale, Redlands offers a range of investment opportunities. The city's average price per square foot for office properties is $345 USD, with an average size of 12,566 square feet. The largest office property for sale is 35,872 square feet.
Redlands' office properties are situated in a city with a strong sense of community, with attractions like the Redlands Bowl Summer Music Festival and the Lincoln Pilgrimage. The city's downtown area is also home to a range of cultural attractions, including the A.K. Smiley Public Library and the Kimberly Crest House and Gardens. In addition to office properties, Redlands also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For example, the Citrus Plaza/Mountain Grove shopping center offers a range of retail and dining options, while the Downtown Redlands/Redlands Santa Fe Depot District is home to a range of bars, restaurants, and retail shops. With its diverse economy, rich history, and cultural attractions, Redlands is an attractive location for businesses and investors alike. The city's office properties offer a range of investment opportunities, from small, single-tenant buildings to larger, multi-tenant complexes. With its strong sense of community and range of amenities, Redlands is an ideal location for businesses to thrive.
What is the average price per square foot for office properties in Redlands?
The average price per square foot for office properties in Redlands is $345 USD, with 9 available listings, ranging in size from 12,566 square feet to 35,872 square feet, and offering an average cap rate of 6.35%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Redlands, it's essential to understand the classification system, which categorizes properties based on their age, condition, and amenities, to make an informed investment decision.
- Class A office properties are typically modern, well-maintained buildings with high-end finishes, advanced technology, and prime locations, often attracting high-profile tenants and commanding higher rental rates.
- Class B office properties are older, yet still well-maintained, with average finishes and amenities, suitable for a wide range of tenants, and offering a balance between quality and affordability.
- Class C office properties are older, with outdated finishes and limited amenities, often requiring renovation, and typically appealing to budget-conscious tenants or those seeking a more affordable option.
