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31513995
31513996

15200 E Girard Ave, Aurora, CO 80014 For Sale

BK
CO CO FA100045203
Marcus & Millichap - Denver
CN
CO FA.100073491
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
$3,299,000
1485 days on market
Updated 12 days ago

Girard Business Center

Details
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 39,410
Net Rentable (SqFt) 38,855
Cap Rate 10.47%
NOI $345,300
Occupancy 92.91%
Tenancy Multi
Price per SqFt $84
Class B
Year Built 1985
Buildings 1
Stories 4
Acreage 1.620
Zoning B-1
Investment Type Value Add

Office | 10.47% CAP | 39,410 SqFt

Marketing description

The Kramer Group of Marcus & Millichap is pleased to present the investment opportunity located at 15200 E Girard Ave. The property is just off the corner of East Hampden Avenue and South Chambers Road, two prominent thoroughfares that provide convenient access and strong visibility within the surrounding commercial corridor. The building is comprised of approximately 38,855 rentable square feet and is configured to support a diverse tenant mix, featuring an average suite size of 883 square feet. Over the past four years, the property has maintained an impressive average occupancy level of 90 percent, demonstrating consistent tenant demand and operational stability in the market. Additionally, tenants reimburse $1.80 for electrical expenses, helping offset operating costs and contributing to the asset’s efficient expense structure. Notably, the building’s bathrooms feature new sinks and granite finishes, creating a clean and professional environment for tenants and visitors alike. This asset is particularly well suited to the local market demographic. The smaller suite configurations provide the owner with significant leasing flexibility, allowing management to accommodate a wide variety of tenant types and evolving business needs. This adaptability supports stable occupancy while creating opportunities to capture demand from service providers and professional offices. For investors, the combination of strong historical occupancy, expense reimbursements, and flexible suite sizes presents a compelling opportunity for continued income stability and long-term leasing resilience.

Investment highlights

  • Four Years of Approximately 90 Percent Occupancy
  • Individual HVAC Units for Suites
  • Smaller Suites, Ideal for This Market Demographic
  • Suite Sizes Range from 300/SF to 2,143/SF
  • New Sinks & Granite in Restrooms
  • Tenants Reimburse $1.80 for Electrical

Listing Contacts

BK
CO CO FA100045203
Marcus & Millichap - Denver
CN
CO FA.100073491
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$345,300.00
$28,775.00/mo

Valuation Metrics

0
DSCR
10.47%
Cap Rate
10.47%
ROI

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Additional Information

Name
Brandon Kramer
License
CO FA100045203
Brokerage
Marcus & Millichap
Title
Vice President
Brokerage Address
1144 15th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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