Rare Opportunity at Aurora Corporate Plaza with $1.5M Starting Bid
12100-12250 E lliff Avenue
Aurora Corporate Plaza, a three-building office complex spanning 219,268 square feet, is heading to auction next month with a starting bid of just $1.5 million.
That’s a steep drop from its last sale price, $17.4 million in 2016, when San Francisco-based Graham Street Realty acquired the property using a $10 million loan from Guaranty Bank and Trust Co. The loan was later modified to $15 million, but wasn’t repaid when it matured in September 2024.
After a court-appointed receivership last November, Cordes & Company has taken over management of the site.
Gary Nordsrom of Kenai Capital is now marketing the property, which will be sold in a reserve auction running May 12–14 via the Ten-X platform.
At the moment, Aurora Corporate Plaza is just 36.7% leased. Of the total rentable square footage, only 80,460 SF is occupied, bringing in roughly $132,627 in monthly rent, or just over $1.59 million annually.
Notable tenants include: ADP occupying 13,767 square feet, Expeditors International, Wendy's International, Caterpillar, T-Mobile, and a DISH Wireless cell tower lease also contributes to the overall income.
Most leases are net, with expiration dates stretching into 2032, offering cash flow while giving future owners room to reposition, or redevelop.
The property’s MU-OI zoning allows for mixed-use and multifamily, presenting real potential beyond the existing office footprint.
The property isn’t without challenges, 63% of the space sits vacant, and the suburban office market remains uncertain, but it’s also a rare chance to acquire a large, high-visibility corner site at a major intersection.
