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For Sale

Aurora City Square | Aurora, CO

Asking Price: $19,420,000 | Cap Rate: 8%

  • Net Operating Income: $1,553,303
  • Weighted Avg. Lease Term (WALT): 4.5 Years
  • Lease Type: Net

Property Highlights

  • Several of 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
  • 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
  • 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
  • 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