Denver-based investment brokerage firm Quiver Investments recently closed the sale of 6310 Byrd Drive in Loveland, a 9,450-square-foot truck fleet maintenance facility situated on 2.62 acres and occupied by Penske Truck Leasing. A sale price was not disclosed.
Ben Swanson and John Witt of Quiver Investments represented a repeat out-of-state investor who continues to build their investment portfolio with stabilized income properties across a diverse geographic region.
The property is 100 percent occupied by Penske Truck Leasing following the completion of the build-to-suit facility back in 2017. The building includes drive-thru service bays, a drive-thru wash bay, and lighted outdoor storage for fleet vehicles on the remainder of the 2.62-acre site.
Of particular value is the new Amazon fulfillment center, currently under construction immediately north of the facility, which at 3.87 million square feet could become the 2nd largest facility of its type in the Amazon network.
“As municipalities continue to place restrictions on outside storage as an accessory use, this site with its I-25 visibility, corporate tenancy and lighted outdoor storage provide a highly sought-after product in a prime location. The fact that this truck fleet maintenance facility is next door to such a state-of-art fulfillment center by Amazon makes this an even more exciting acquisition for our client“ stated Ben Swanson, co-founder of Quiver Investments. “Northern Colorado is undergoing record levels of growth, supporting a wave of development including logistics and distribution facilities which we feel this property is uniquely
positioned to serve.”
Quiver Investments, LLC specializes in the acquisition and sale of investment properties throughout Colorado, Montana, and select regional markets throughout the western US.