- Listing ID: cx_137010
- Broker Name: David Pearson
- Broker License: TX 505411,
- Phone Number: 432.664.2745
- Square Feet: 13,000
Subtypes of Office Space for Sale:
- Classes A-C: Office buildings are usually classed from A-C depending on maintenance, modernity, and location, among other factors. Class A buildings are the most modern and aesthetically pleasing. In contrast, Class B buildings are typically 10 or more years old. However, they are fairly well-maintained and functional. These buildings are slightly less appealing due to general wear and tear and age. Class C buildings may be in less desirable locations and are also older. They may show significant wear and tear to the point that it interferes with functionality. Many investors favor Class B buildings and update or renovate them and then rent them out or sell them for a return.
- Industry Specific: Some office spaces are specifically designed for certain industries. For example, medical office spaces feature examination rooms and a reception area. Or, other industries might feature a showroom combined with office space in the back. Different industries prefer different layouts. For example, a small office building might be ideal for a start-up, while it would be too small for most bank headquarters.
- Combined with Warehouse: Many office spaces are combined with warehouses. As you can imagine, these are largely associated with businesses that produce goods and need storage space. Also, these offices are usually conveniently located in areas close to major transportation routes.
Considerations for Purchasing:
Buying commercial office space requires careful thought. Before you spot and office for sale and quickly buy it, think through these considerations.
Layout: Open office layouts were all the rage in recent years, but more and more people are realizing that they can cause productivity to suffer. So, before you jump at a great, open office space, consider the cost of cubicles and other partitions you might need to purchase later. If you find a similarly priced building with more partitions, it might be a better choice.
ADA Compliance: Whether or not you have employees with mobility needs, you might in the future. Making sure the office building meets the standards of the American Disabilities Act can save you renovation costs in the future. For investors, the same holds true. You might limit your tenant pool if the building doesn’t comply with the ADA.
Parking: For your employees, tenants or customers, having access is essential. In a downtown location, consider making a deal with a closeby parking lot. But, have a plan for accommodating parking needs before purchasing any office building for sale.
Of course, you’ll also need to conduct a general inspection of the building, negotiate the price, and consider the location, among other things. Consult with a knowledgeable and reputable expert in real estate who can walk you through the process.