Iliff Office Park - Office FOR SALE


Aurora, CO 80014- East Ridge-Ptarmigan Park
$6,000,000 USD
303-726-5045
Iliff Office Park, Aurora, CO for Sale
$6,000,000 USD
Office - FOR SALE
1/40
null | 8.04% Cap Rate

Iliff Office Park
Aurora, CO 80014
East Ridge-Ptarmigan Park


HIGHLIGHTS

  • Frontage to Iliff Avenue & Troy Street, Digital Monument Advertising Sign
  • 5 Blocks to Light Rail, 2 Blocks to Bus Line, 1/2 Mile to I-225, 4 Miles to I-25
  • 15 Miles to Denver International Airport, High Occupancy, Lease Rate Increases Every January

OVERVIEW

Cash or New loan Owner May Carry with $3M down 5 year 6% interest only Call for more details. Leases have annual rate increases built in. 2025 scheduled rents are $904,620 which makes 8.41% ROI with built in reserves of $15,200 (annually) for any upgrade and/or maintenance needs. These buildings are consistently full. If there is a turn over it is quickly filled. Owner does NO tenant finish. Tenants finish all leased space. There are many tenants that have been here for 10+ years. The upgrades in 2024 consist of new boiler 10/24, 50+ roof mounted AC units with (2) new roofing and risers (85%+ of the AC units are between 1-5 years old), additional new gutters & drainage, electrical upgrades, parking deck(s) resurfacing, parking lot re-striping, parking garage restriping, new building signage, new exterior paint, digital signage and landscape upgrades.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

8.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldgs 1-6

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

215

LAND DETAILS

LAND ACRES

2.12 AC

LAND SF

92,347 SF

ZONING

PC-ZD

APN/PARCEL ID

1973-25-3-11-003

ASK ABOUT THIS PROPERTY

Trish Rayner-Gutierrez7th Avenue Properties LLCMore Info
303-726-5045

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Trish Rayner-Gutierrez7th Avenue Properties LLCMore Info
303-726-5045

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