12100 Iliff Ave Aurora, CO 80014

Property Details for 12100 Iliff Ave

Year built

1983

Property size

219,268 SF

Property type

Office Properties & Spaces

Description

Aurora Corporate Plaza presents a compelling value-add investment opportunity. This three-building office campus, totaling 219,268 square feet, sits on a 17.15-acre lot in Aurora, Colorado (80014), at 12100, 12200 & 15250 East Iliff Avenue. Currently 58.41% occupied with 21 tenants, the property offers significant upside potential through lease-up of vacant space. The Class B, multi-tenant property features flexible floor plans and boasts magnificent mountain views. Built in 1983, the four-story buildings are zoned for Mixed-Use Office/Institutional (MU-OI) use, allowing for diverse redevelopment possibilities. The property provides ample parking (3.82 spaces per 1,000 sq ft) and benefits from its strategic location, offering exceptional access to Interstates 225 and 25, providing quick connections to the greater Denver Metro Area. Public transportation is readily available, with the Nine Mile RTD Light Rail Station and Park-n-Ride less than a mile away, as well as the Iliff Light Rail Station and two RTD bus routes. Denver International Airport is a convenient 20-minute drive. The property also enjoys proximity to numerous restaurants, retail amenities, and the Town Center at Aurora. Outdoor recreation is easily accessible, with Westerly Creek Trail and Cherry Creek State Park nearby. The current Net Operating Income (NOI) is $636,668, with a pro-forma NOI of $2,157,975. This presents multiple exit strategies, including the potential sale of individual buildings or a covered land play for future redevelopment. The property's location near the Fitzsimons Medical Campus, Buckley Space Force Base, and numerous master-planned communities further enhances its investment appeal.

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Longitude

-104.846

Latitude

39.6739