13801-14157 E Exposition Ave - Retail FOR SALE


Aurora, CO 80012- City Center
$16,013,000 USD
312-269-0220
13801-14157 E Exposition Ave, Aurora, CO for Sale
$16,013,000 USD
Retail - FOR SALE
1/10
null | 7.65% Cap Rate

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


HIGHLIGHTS

  • Below Replacement Cost; A handful of tenants at the center are paying below-market rents allowing the next investor to increase rents as tenants roll.
  • Location, Location, Location! Strong retail corridor of Aurora, CO with 2.8% vacancy rate and over 8 million square feet of retail
  • Exceptional Demographics; Asset lies in a densely populated area with over 415,000 residents within 5-miles of the asset
  • Retail Hot Spot; Surrounded by national retailers: Walmart, Sam’s Club, Home Depot, Target, Best Buy, In-N-Out Burger, and more
  • Desirable Tenant Mix; Great mix of national and local retailers signed to landlord favorable leases
  • Significant capital improvements invested by current ownership including new pylon signage, parking lot improvements, new HVAC units, and more

OVERVIEW

Quantum Real Estate Advisors, Inc. (“QREA”) is pleased to present Aurora City Square, a 141,942 square foot shopping center located at 13801-14157 E Exposition Ave., Aurora, CO. Aurora City Square sits on approximately 12.50 acres of land and features an abundance of parking, creating a potential opportunity for out-lot developments. The property is currently 84% leased, with a value-add component, to a mix of national and local retailers that are mostly signed to net leases. The three vacant suites (15,500, 5,410 & 1,420 SF) create an opportunity to increase net operating income while having stable cash flow. Additionally, the center is being offered well below replacement cost ($112/SF). The property sits directly South of Town Center at Aurora, a regional shopping mall that features over 500,000 square feet and is 100% leased. The Town Center features anchor tenants, such as JC Penny, Dillards, Macy’s, and over 130 other national and local tenants and restaurants. The asset has over 550 feet of highway visibility and is conveniently located just off Interstate 225 which sees over 175,000 VPD. The property is also situated 15 minutes from bustling Downtown Denver. Benefiting from strong demographics, the average household income is more than $84,600 within a 3-mile radius of the property. The property additionally benefits from a densely populated area with over 415,000 residents within a 5-mile radius.

FOR SALE DETAILS

PRICE

$16,013,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

7.65%

% 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

1975-18-2-06-001,1975-18-2-06-003

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 Policy.