Woodbury, Minnesota, is a prime location for investing in office properties, offering a unique blend of suburban tranquility and metropolitan accessibility. With a population of approximately 75,000 residents, Woodbury provides a stable and growing market for businesses to establish themselves. Office properties in Woodbury can represent a range of investment opportunities, from single-tenant buildings to multi-tenant complexes, catering to various industries such as insurance, healthcare, and financial services. The city's infrastructure, including the HealthEast Sports Center and Central Park, provides a desirable environment for businesses to operate. Woodbury's location, with easy access to Interstate 94 and proximity to Saint Paul, makes it an attractive option for companies looking to establish a presence in the Minneapolis–Saint Paul metropolitan area. The city is also home to notable companies such as State Farm Insurance, 3M, and eFunds, demonstrating its appeal to major corporations. With its strong educational system, including the South Washington County School District, and a range of amenities, Woodbury is an excellent choice for businesses and investors alike.
Currently, there are 4 office properties for sale in Woodbury, offering a range of options for investors. The average price per square foot is $297 USD, with an average property size of 9,368 square feet. The largest property available is 19,536 square feet. In addition to office properties, Woodbury also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For example, the city's retail sector is represented by major retail centers like Tamarack Village, Woodbury Village, and Woodbury Lakes. The presence of Rasmussen College–Lake Elmo / Woodbury campus and various parks and lakes also contribute to the city's appeal. With its diverse economy, excellent infrastructure, and desirable location, Woodbury is an attractive option for businesses and investors looking to establish a presence in the Minneapolis–Saint Paul metropolitan area.
What is the average price per square foot for office properties in Woodbury?
The average price per square foot for office properties in Woodbury is $297 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Woodbury, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard finishes and amenities, suitable for a wide range of tenants, and are often priced lower than Class A properties.
- Class C office properties are typically older buildings with basic finishes and limited amenities, often requiring renovation or redevelopment, and are usually the most affordable option.
