11111 E Mississippi Avenue Unit

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Sold Aurora, CO 80012 MLS# 9412967 Sold by Trish A. Rayner on 06/30/2021
$3,950,000
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Commercial Property Type
1.40 Acres
46604.00 Sq Ft
1975 Year Built
Office Zoning

Overview

Fantastic Opportunity for Investor to Enjoy this 2 Story Office Bldg Circa 1975 Renovated in 2010 (approximately) Facade Completed August 2020, Cash flow!!! Medium and Small Offices are 98% Occupied! (Currently 1 Small Office is Available) Cash FLOW!!!!! Expenses are Super Low on this Low Maintenance Bldg (Brick & Stone). Gross Income currently is $530,400 (Annually) Current Expenses are $187,812 (Annually) NET INCOME $351,188 CAP RATE of 8.78% You Won't Finds a Sweeter Deal Out There! Previous Occupant was Medical/non-Profit. Call for Details DON"T DISTURB TENANTS!!!!! Call Listor to Arrange Showings. Price also Includes 1051 South Kingston Street (1428 sq ft Garage and parking Lot)

New Home Sales Hours

Courtesy Of MB Metro Brokers 7th Avenue Properties LLC
Source: REcolorado

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type Gross
    • Lease Amount $12
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective 2010
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 46,604
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $84.76
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area 45600.00
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances
    • Building Class Class C
    • Building Features Common Area Boardroom,Elevator - Freight,On Site Management,Signage
    • Ceiling Height 10
    • Common Walls
    • Exclusions Any Personal Property of Seller/Tenants
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability
    • Security Features Secured Garage/Parking,Security Entrance,Security Lights
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units 64
    • Number of Units Furnished
    • Number of Units Vacant 2
    • Unit Features
    Single Unit Details
    • Unit Type Office
    • Total Units 64
    • Average Rent
    • Average SqFt 45600.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit
    • Parking Per Unit

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories 2
    • Structure Type Low Rise (1-3)
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Brick,Frame,Stone
    • Foundation Details
    • Roof Membrane
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Cul-De-Sac
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 1.40
    • Lot Size Dimensions
    • Lot Size SqFt 61,202
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $2,821,428.57
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility Public Maintained Road
    • Road Surface Paved

    Parking/Garage

    Parking Space Summary

    Parking Features

    • Total Parking Spaces 120
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 120
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling
    • Green Energy Efficient
    • Heating
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service Phase 3
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Electricity Available,Electricity Connected,Internet Access (Wired),Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available 1
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 8.78
    • Cap Rate Calculation Net Income vs. Purchase Price
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $187,812
    • Operating Expense Includes Insurance,Internet,Maintenance,Professional Management,Real Estate Tax,Utilities
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Income details
    • Actual Annual Net Income $351,188
    • Gross Income $539,000
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $190,000
    • Projected Annual Net Income $439,800
    • Projected Gross Income $600,000
    • Projected Gross Operating Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $40,200
    • Legal Description LOT 1 BLK 1 CANTERBURY GARDENS SUB 2ND FLG
    • Tax Exemptions
    • Tax ID 032619830
    • Tax Year 2020
    Other
    • Tenant Pays
    • Utilities Metering
    • Utilities Paid By Tenant

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent Mississippi Avenue West of Peoria Street to Kingston Immediate Right (Right into Parking Lot)
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use Office
    • Incorporated? No
    • Zoning Office
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $4,000,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership
    • Possession Close Plus 1 Day
    • Special Listing Conditions
    • Year Built 1975

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    School Zone

    District:
    Schools: Elementary School, High School, Middle School

    Area Map

    Walk Score

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    0 description summary
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