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1480-1488 Lima St 5,800 SF 100% Leased Retail Building Aurora, CO 80010 $1,388,940 CAD ($239.47 CAD/SF) 5.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add Retail Building
- 50% of the building is on short term leases
- Masonry Building with Twin T Rood
- Below market rents | Avg Rent $11.81 PSF
- Grandfathered automotive use.
- In the path of development
EXECUTIVE SUMMARY
1480 Lima Street is a 5,800 SF retail building located in Aurora, Colorado. Constructed in 1977, this property offers investors an amazing value-add investment opportunity. Zoned OA-G, the property's versatile layout and expansive space cater to a diverse set of uses. Currently featuring below-market rents averaging $11.81 PSF, the building presents a prime chance for yield enhancement. Additionally, its strategic location in the path of development and close proximity to the Anschutz Fitzsimons Medical Campus ensures long-term growth potential.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,800 SF
Building Class
C
Year Built
1977
Price
$1,388,940 CAD
Price Per SF
$239.47 CAD
Cap Rate
5.33%
NOI
$74,042 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
OA-G
Parking
30 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
73’ on Lima St
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1973-02-1-18-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $268,909 CAD |
PROPERTY TAXES
Parcel Number
1973-02-1-18-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$268,909 CAD
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1480-1488 Lima St
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