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Office

Chambers Office Centre

15290 E. 6th Ave., Aurora, CO 80011

Listing Price: $2,300,000

Cap Rate
7.65%
Gross SF
19,654
Rentable SF
19,654
Price/Gross SF
$117.02
Lot Size
1.87 acres
Year Built
1980

Investment Overview

Smith Office Team of Marcus & Millichap is pleased to list Chambers Office Centre, a 100% occupied, 19,654 rentable square feet, Class B, office and retail building located at 15290 East 6th Avenue in Aurora, Colorado.

The building was constructed in 1980 on a 1.87 acre lot. The roof was replaced in 2015 with a 20 year warranty. The building's been professionally managed since it was last sold in October of 2018. Capital expenditures, including both parking lot and HVAC repairs, total to nearly $100,000. I-225 is less than a mile west of the building and can be reached via 6th Avenue. I-225 is an Aurora thoroughfare and runs north to I-70 and south to I-25.

17 diverse tenants currently occupy the building, including a home health care provider, a church, a cookware and household products provider, an aviation services staffing agency, and a hair salon. 10 tenants have signed leases since the COVID-19 pandemic began, demonstrating a strong demand for office and retail space in the immediate area. Save a Lot and Dollar Tree reside in the neighboring shopping center.

The building could also be acquired as a covered land play. Its large parcel lies on a hard corner at the intersection of East 6th Avenue and Chambers Road. At least 35,000 cars drive by the building on 6th Avenue every day.

Chambers Office Centre, located at 15290 East 6th Avenue, is a great opportunity for an investor searching for a stabilized, well-maintained, office and retail building on a hard corner in the Denver Metro Area.

Investment Highlights

  • 19,654 SF, Class B, Office & Retail Building
  • List Price - $2,300,000 ($117/SF)
  • In Place Cap Rate - 7.65%
  • 100% Occupied
  • 3% Annual Rent Increases
  • $100,000 in Capital Expenditures Since 10/18

Exclusively Listed By

Financing By

Listing Price: $2,300,000

Cap Rate
7.65%
Gross SF
19,654
Rentable SF
19,654
Price/Gross SF
$117.02
Lot Size
1.87 acres
Year Built
1980

Investment Highlights

  • 19,654 SF, Class B, Office & Retail Building
  • List Price - $2,300,000 ($117/SF)
  • In Place Cap Rate - 7.65%
  • 100% Occupied
  • 3% Annual Rent Increases
  • $100,000 in Capital Expenditures Since 10/18

Investment Overview

Smith Office Team of Marcus & Millichap is pleased to list Chambers Office Centre, a 100% occupied, 19,654 rentable square feet, Class B, office and retail building located at 15290 East 6th Avenue in Aurora, Colorado.

The building was constructed in 1980 on a 1.87 acre lot. The roof was replaced in 2015 with a 20 year warranty. The building's been professionally managed since it was last sold in October of 2018. Capital expenditures, including both parking lot and HVAC repairs, total to nearly $100,000. I-225 is less than a mile west of the building and can be reached via 6th Avenue. I-225 is an Aurora thoroughfare and runs north to I-70 and south to I-25.

17 diverse tenants currently occupy the building, including a home health care provider, a church, a cookware and household products provider, an aviation services staffing agency, and a hair salon. 10 tenants have signed leases since the COVID-19 pandemic began, demonstrating a strong demand for office and retail space in the immediate area. Save a Lot and Dollar Tree reside in the neighboring shopping center.

The building could also be acquired as a covered land play. Its large parcel lies on a hard corner at the intersection of East 6th Avenue and Chambers Road. At least 35,000 cars drive by the building on 6th Avenue every day.

Chambers Office Centre, located at 15290 East 6th Avenue, is a great opportunity for an investor searching for a stabilized, well-maintained, office and retail building on a hard corner in the Denver Metro Area.

Exclusively Listed By

Financing By

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