13900 Mississippi AveAurora, CO 80012

  • Retail properties
  • 15,376 SF
For Sale
$2,895,000 View listing

Property Details for 13900 Mississippi Ave

Year built
1987
Construction
CONCRETE BLOCKS
Lot size
1.39 AC
Property size (Sq ft)
15,376 SF
Property type
Retail properties
Property subtype
Retail space
APN
1975-19-2-34-002
APU
197519234002

Description

This exceptional investment opportunity presents a ±20,000 square foot, single-tenant retail property located at 13900 East Mississippi Avenue in Aurora, Colorado. The property boasts a 7.25% cap rate and a strong NOI of $210,000. Currently 100% occupied by BioLife Plasma Services, a leading provider of plasma collection services, the lease agreement features a 10-year term with six years remaining until the base lease expires on August 31, 2030, and includes two five-year renewal options. The lease is guaranteed by Takeda Pharmaceutical Company Limited, a publicly traded company, providing significant financial security. The property is situated within a high-traffic retail center in Aurora, offering ample parking and a synergistic mix of neighboring retailers, including Subway, The UPS Store, Burger King, and Burlington. Built in 1987, this single-story building sits on a 20,000 square foot lot and is zoned MU-C. The asking price is $2,895,000, translating to a price per square foot of $144.75. This core investment offers a compelling combination of strong tenancy, favorable lease terms, and a prime location in a thriving retail corridor. The property's APN is 1975-19-2-34-001. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,242,436
    6.5%
    $3,916,095
    7%
    $3,636,374
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,601,046
    Geo Method
    $3,201,320
  • Alternative Use

    Use
    Valuation
    Residential
    $3,303,373
    Hospitality
    $3,025,872
    Educational
    $2,517,490
    Medical
    $2,604,070
    Retail
    $3,916,095
13900 Mississippi Ave, Aurora, Colorado

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.6951
Longitude
-104.824
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$51,366
-
-
$574,182
-
$603,870
$1,484,130
$2,088,000

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