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Rice Place Office Building 13791 E Rice Pl 13,600 SF 97% Leased Office Building Aurora, CO 80015 $2,404,000 ($176.76/SF) 8.25% Cap Rate



Investment Highlights
- Prime Busy South Parker Road Location
- Turn Key performing asset with Value add potential
- Across the street from Cherry Creek Res.
Executive Summary
Prime Parker Road Frontage | Directly Across from Cherry Creek Reservoir Aurora, Colorado | 97% Occupied | 8.1% total pro forma Cap | Value-Add Opportunity This impeccably maintained, tech-forward, multi-tenant professional office building offers investors stable in-place income with immediate upside through market-based rent normalization and monetization of existing event/flex space potential. LOCATION ADVANTAGE • High-visibility position directly off Parker Road • Directly across the street from Cherry Creek Reservoir • Strategic positioning for professional services, medical, tech, wellness, and hybrid-delivery tenants PROPERTY HIGHLIGHTS • 97% occupancy with long-term tenants (2–3 yr avg leases) • Consistent rent collections • Current CAP rate: 6.7% w/ over 8% easily attained • Plug-and-play value add: rentable classroom/training room + large outdoor patio ready for event activation • Fully upgraded infrastructure — turnkey income-producing asset with low deferred maintenance TECHNOLOGY & BUILDING SYSTEMS Ubiquiti UniFi Dream Machine Pro Max + 24-port managed network Private Wi-Fi login + dedicated network profile per tenant Remote smart management of IT and Ecobee climate systems LED lighting throughout — energy efficiency optimized SECURITY & ACCESS CONTROL Full interior + exterior camera surveillance Automated maglock system with personal key-fobs & entry tracking INTERIOR & BUILD QUALITY Solid-surface restroom finishes 11 well-maintained heat pumps for efficient climate control EXTERIOR & CURB APPEAL Fully replaced landscaping (approx. 4 yrs ago), Double-pane tinted windows on main level Expansive outdoor patio — ideal for events, social/workspace, tenant value add SUMMARY A rare opportunity to acquire a stabilized, technology-enhanced professional building in Aurora’s most visible and high-traffic commercial corridors. Delivers secure recurring income today, with clear upside through light value-add execution.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,600 SF
Building Class
B
Year Built
1984
Price
$2,404,000
Price Per SF
$176.76
Cap Rate
8.25%
NOI
$198,369
Percent Leased
97%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,600 SF
Slab To Slab
10’
Building FAR
0.32
Lot Size
0.99 AC
Zoning
AOD, Aurora
Parking
42 Spaces (3.09 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Property Manager on Site
- Security System
- Signage
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $460,769 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$460,769
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Presented by
Falko Realty
Rice Place Office Building | 13791 E Rice Pl
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