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10730 E Bethany Drive - Aurora Place, Aurora, CO

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10730 E Bethany Drive - Aurora Place

SWC Bethany/Jamaica
Aurora, CO 80014-2644 - East Hampden Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1980
Stories:3 Typical Floor:16,000 SF Building Size:48,690 SF
For Sale Price:$3,755,000 Price/SF:$77.12
Cap Rate:10.90 %
Parking:Ratio of 4/1,000 SF

Sale Notes:
Aurora place is currently 80% occupied with approximately 12,000 SF of month-to-month tenants or vacant space. The current in-place rents average $9.62/SF Full-Service, which is significantly below the market average of $12-14/SF for comparable Class B properties. Other areas for improvements include: tenant finishes, brightening up common areas, refurbishing the facade, energy efficient additions, resurfacing the parking lot. The vacancy, low rents and room for improvement allows investors the opportunity to grow the NOI and create value, while enjoying the existing cash flow.

Aurora Place is strategically located in the Central Aurora Submarket. It offers tenants and customers access through S. Havana/Hampden and S. Parker Rd, as well as a short drive or walk to I-225 where the Nine Mile Light Rail Station is. Further, the property is surrounded by extensive residential neighborhoods, retail dining and shopping options, and public recreation.

Unique Properties, Inc.
Justin Herman
(720) 881-6343

Marc S Lippitt
(303) 321-5888 x201

Brett MacDougall
(303) 321-5888

Scott L Shwayder
(303) 321-5888

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