Commercial Real Estate in Tempe, Arizona, offers a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of approximately 180,000 residents. As a hub for education, commerce, and entertainment, Tempe is an attractive location for businesses and individuals alike. Commercial Real Estate in Tempe can represent a variety of investments, including office buildings, retail spaces, and industrial properties, each offering its own set of benefits and opportunities. With its prime location near Arizona State University and its proximity to major transportation hubs like Phoenix Sky Harbor International Airport, Tempe is an ideal location for businesses looking to establish a strong presence in the region. The city's infrastructure, including Valley Metro Rail and Orbit neighborhood circulator service, also makes it an attractive location for companies that rely on public transportation. Additionally, Tempe's amenities, such as Tempe Town Lake and Papago Park, provide a unique quality of life for residents and employees, making it an attractive location for businesses looking to attract top talent.
Tempe's Commercial Real Estate market offers a range of opportunities, with 89 listings currently available. In addition to Commercial Real Estate, Tempe is also home to a range of other property types, including Industrial Properties, which offer flexible spaces for manufacturing and distribution; Apartment Buildings, which provide housing for the city's growing population; Office Properties, which offer prime locations for businesses; and Hotels, which cater to the city's many visitors. Each of these property types offers its own unique benefits and opportunities, and investors would do well to consider the many advantages that Tempe has to offer. With its strong economy, growing population, and prime location, Tempe is an attractive location for businesses and investors alike, and its Commercial Real Estate market is sure to remain a popular choice for those looking to capitalize on the city's many opportunities.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Tempe, Arizona, there are several alternatives to consider, including:
- SBA Loans, which offer favorable terms and lower down payments for small businesses and startups;
- Conventional Loans, which provide fixed or adjustable interest rates and various repayment terms;
- Private Money Loans, which offer flexible terms and faster approval processes, often used for short-term or bridge financing.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Tempe, Arizona, it's essential to understand the role of cap rates in your investment decision. With an average cap rate of 5.85%, it's crucial to know that this metric represents the rate of return on investment based on the property's net operating income and its current market value, helping you determine the potential profitability of a commercial property - to learn more about this crucial aspect of commercial real estate investing, check out our article on what is a cap rate.
In Tempe, where you'll find 89 available listings of commercial real estate, with an average price per square foot of $409 USD and an average size of 20,556 square feet, understanding cap rates can help you navigate the local market and make informed investment decisions. By considering the cap rate, you can better evaluate the potential return on investment and make a more informed decision when purchasing commercial real estate in Tempe.
What is considered a commercial property?
In Tempe, 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, which are available for sale or lease, with 89 listings currently on the market.
These properties can range in size from 20,556 square feet to 147,495 square feet, with an average price per square foot of $409 USD and an average cap rate of 5.85%, offering a variety of opportunities for businesses and investors in Tempe's diverse economy.
