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14001 E Iliff Avenue - The Forum, Aurora, CO

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14001 E Iliff Avenue - The Forum

NEC E Iliff Ave & S Abilene St
Aurora, CO 80014-1405 - Aurora Submarket

(718.8 KB)

Property Type:Office Sub Type:- Status:Existing Year Built:1981
Stories:7 Typical Floor:24,946 SF Building Size:174,622 SF
For Sale Price:$16,000,000 Price/SF:$91.63
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 5.4/1,000 SF Amenities:Conferencing Facility, Food Service, On Site Management, Property Manager on Site, Restaurant, Security System, Signage


Panoramic views of the Rocky Mountains, Downtown Denver, and the Denver Tech Center, direct access to I-225 at Iliff, on-site deli, corner lot, security system, multiple hotels in immediate vicinity, common executive conference room, prominent building signage available.

Sale Notes:
The Forum, located at 14001 E. Iliff Avenue in Aurora, Colorado, offers investors an excellent opportunity to acquire a high image, cash-flowing office asset. The subject is a 174,622 SF (169,719 RSF), seven-story building, constructed in 1981 and significantly upgraded in 2015. The property is highly visible from I-225 and is located directly across the street from the new RTD FastTrack Iliff light rail station.

Current ownership has invested over $1,557,000 in CapEx, which included upgrades to elevators, HVAC, lobby and common areas, deli, LED lighting, fire sprinkler retrofit, landscaping, and parking lot. The renovations will substantially limit future capital requirements.

The Iliff Station provides tenants with a convenient commute to work. RTD has added 1,800 parking spaces, including the new 600-space Park-N-Ride. The R-Line connects the Forum with the entire Denver MSA.

Steelwave, Inc. has announced plans to construct a new 424-unit luxury apartment community less than a half-mile from the subject. Across from the future multifamily site, a developer recently purchased 3.3 land acres for a proposed hotel. Grand Peaks purchased 5.2 acres at the Iliff Avenue exit off Int

Grand Peaks purchased 5.2 acres at the Iliff Avenue exit off Interstate 225 with plans to build two four-story buildings consisting of 316 apartments units and 12,500 SF of retail space and a parking garage.

Aurora has record-breaking year for economic development, job creation

Aurora Light Rail Station

Ten-X, LLC
Jason Katz
(949) 859-2777

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

Marc S Lippitt
(303) 321-5888 x201




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