Location: 9530 E Colfax, Aurora, CO, 80010

General Use: Retail

Type of the property: Investment

Building size: 13,536 sq ft

Price per sq ft: $ 121.90

Major Tenant 1: EZ Pawn

Major Tenant 2: Front Range Company

Lot size: 0.331 acres

Year Built: 1934

Construction Type: Masonry

Listing notes: Place is located in downtown Aurora in the urban renewal district; 1.5 miles away from Fitzsimons Medical Center. It is currently occupied by the National tenant EZ Pawn, who had been leasing this property for 13 years; their lease is expiring may 2009. Their rent is , this is approx. $ 4.73 per sq. ft., which is under rented; this area is currently leasing for $ 10 - $ 12 per sq. ft. The second tenant Front Range Company paying rent in the amount of $ 1,500.00 / mo; their lease is also expiring may 2009.

Taxes on the property - $ 9,885.63

Insurance - $ 4,088.00

NOI now = ($ 4,985 + $1,500) *12 ($ 9,885.63+ $ 4,088.00) = $ 63,846.37

Price per sq ft = $ 63,846.37 / 13,536 sq ft = $4.72

Cap Rate now = $ 63,846.37 / $ 1,600,000.00 * 100% = 3.99%