13801-14157 E Exposition Ave - Retail FOR SALE


Aurora, CO 80012- City Center
$19,420,000 USD
312-269-0220
13801-14157 E Exposition Ave, Aurora, CO for Sale
$19,420,000 USD
Retail - FOR SALE
1/12
null | 8% Cap Rate

13801-14157 E Exposition Ave
Aurora, CO 80012
City Center


OVERVIEW

Below Replacement Cost Several of the tenants at the center are paying below-market rents, allowing the next investor to increase rents as tenants roll. Additionally, the property is being offered at $137 PSF Strong Tenant Demand & Retention Over the past 36-month period ownership has secured new leases and lease renewals for the center totaling 49.86% of GLA. Signifying the strength of the asset within the market Exceptional Demographics The asset is located in a densely populated trade area with over 405,000 residents within a 5-mile radius, positioning Aurora as one of the strongest retail markets within the Denver MSA. According to Placer.ai data (see page 12), several national retailers in the Aurora market rank among the top-performing locations nationwide, highlighting the area’s strong consumer demand and retail fundamentals Cap-Ex Investment Significant capital improvements invested by current ownership, including new pylon signage, Parking Lot Improvements, New HVAC Units, and replacement of a significant portion of the roof Location, Location, Location! Strong retail corridor of Aurora, CO, with 2.8% vacancy rate and over 8 million square feet of retail. The asset is located adjacent to Town Center Mall, the most visited regional mall (7.6M annual visits) within the state of Colorado Retail Hot Spot Surrounded by national retailers: Walmart, Sam’s Club, Home Depot, Target, Best Buy, In-N-Out Burger, and more

FOR SALE DETAILS

PRICE

$19,420,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aurora City Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

700

LAND DETAILS

LAND ACRES

10.94 AC

LAND SF

476,546 SF

ZONING

PUD, Aurora

APN/PARCEL ID

1975-18-2-06-008

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.