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15200 Girard AveAurora, CO 80014

Class B Office Building, High Occupancy, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This 39,410 square foot, four-story Class B office building in Aurora, Colorado presents a compelling value-add investment opportunity. Located at 15200 E Girard Ave, near the intersection of South Chambers Road and East Hampden Avenue, this property boasts a 90.55% occupancy rate with a diverse tenant base of 40 businesses. Built in 1985, the building features 38,855 square feet of rentable space, a substantial 1.62-acre lot with a 4:1,000 parking ratio, and a TPO roof installed in 2008. Recent upgrades include a renovated lobby (2017) featuring new tile, paint, lighting, and signage, as well as a modernized second-floor conference room. Common area hallways have been updated with new carpet and paint (2017). The building's layout includes typical floor sizes of 9,852 square feet, with tenant spaces featuring carpet and VCT flooring in kitchen areas. The property is zoned B-1 and offers significant potential for rental growth and increased net operating income (NOI) due to staggered leases and built-in rent increases. Tenants benefit from the building's convenient location, offering easy access to South Parker Road and I-225, along with numerous nearby amenities and restaurants. This property is an excellent choice for investors seeking a stable, high-occupancy asset with substantial upside potential.

Highlights

  • 92.3% occupancy with built-in rental growth.
  • 40 diverse tenants.
  • Excellent Aurora, CO location near Chambers and Hampden Avenues, with ample nearby amenities and restaurants.
  • Large 1.62-acre site with a 4:1,000 parking ratio.
  • TPO roof installed in 2008.
  • Significant value-add opportunity to increase rents and NOI.

Property Details for 15200 Girard Ave

Property type
Office properties, Office space
Square Feet
39,410 SF
Class
B
Year Built
1985
Stories
4
Lot Size (sq. ft)
70,567 SF

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.6545899
Longitude
-104.8110351
15200 Girard Ave, Aurora, Colorado

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15200 Girard Ave
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