Which of the following would be considered an example of a Class B property?

Class B properties typically refer to buildings that are generally older than Class A properties and may require some upkeep or have limitations in terms of location, amenities, or other features. They are often perceived as having a good potential for appreciation or investment, but they may not offer the high-quality finishes and desirable locations of Class A properties.

The 25-year-old office building mentioned, which possesses some limitations, aligns well with the definition of a Class B property because it indicates an older structure that might not have the premium characteristics associated with newer developments. This may include less modern facilities or a less attractive location compared to Class A properties, but the property could still be functional and reasonably desirable.

In contrast, a brand-new office building would be classified as Class A due to its modern amenities and lack of physical depreciation, while an industrial warehouse over 30 years old might be considered Class C due to its age and possibly lower desirability. A retail shop with serious limitations likely represents a property that has significant drawbacks, which would also place it outside the typical definition of Class B status, perhaps leaning more towards Class C as well.

Thus, identifying the 25-year-old office building as a Class B property reflects an understanding of the classification system in real estate, where