For Sale
$799,000

2230 Fraser StAurora, CO 80014

High-yield investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity: a 3,040 square foot medical office condo in Aurora, Colorado, boasting a 6.16% cap rate. This single-tenant property is situated at 2230 S Fraser St, 80014, within the Fraser Business Park. The building, constructed in 2007, is a Class B, single-story structure with two units, zoned MU-C. The property features a gross lease with a credit-rated tenant, Optum/UnitedHealth, under a five-year lease commencing October 1, 2024, and expiring September 30, 2029. The asking price is $799,000, translating to $262.83 per square foot. This represents a secure investment with a national credit tenant, offering a stable income stream and significant potential for long-term growth. The property's strong tenant and favorable lease terms make it an attractive addition to any portfolio. The lease includes three options for renewal. This is a rare opportunity to acquire a high-quality medical office condo in a desirable location with a financially robust tenant.

Highlights

  • Exceptional investment opportunity: 3,040 SF medical office condo in Aurora, CO (80014), offering a 6.16% cap rate.
  • Single-tenant, Class B property with a credit-rated tenant (Optum/UnitedHealth) in the Fraser Business Park.
  • Five-year lease (10/1/2024 - 9/30/2029) with three renewal options; $799,000 asking price ($262.83/SF).
  • Strong, investment-grade tenant (UnitedHealth Group, NYSE: UNH) provides a stable income stream and long-term growth potential.

Property Details for 2230 Fraser St

Property type
Office properties, Medical offices
Square Feet
3,040 SF
Class
B
Year Built
2007
Buildings
1
Stories
1
Units
2

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.67599880786
Longitude
-104.81220678168
2230 Fraser St, Aurora, Colorado

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2230 Fraser St
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