Sale of industrial investment property near Amazon’s new fulfillment center in Loveland

Denver-based investment brokerage firm quiver investments recently completed the sale of 6310 Byrd Drive to Loveland, a 9,450 square foot truck fleet maintenance facility located 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 regular out-of-state investor who continues to build his investment portfolio with stabilized income properties in a diverse geographic region.

The property is 100% occupied by Penske Truck Rental following completion of the custom build facility in 2017. The building includes drive-through bays, a drive-through wash bay and lighted outdoor storage for fleet vehicles on the rest of the site of 2, 62 acres.

Of particular value is Amazon’s new fulfillment center, currently under construction immediately north of the facility. At 3.87 million square feet, it could become the 2nd largest such facility in the Amazon network.

“As municipalities continue to place restrictions on outdoor storage as an accessory use, this site with its I-25 visibility, business rental and lighted outdoor storage offers a much sought after product in a location of choice. The fact that this truck fleet maintenance facility is next to a state-of-the-art Amazon fulfillment center makes it an even more exciting acquisition for our client,” said Ben Swanson, co-founder of Quiver Investments. “Northern Colorado is experiencing record levels of growth, supporting a wave of development, including logistics and distribution facilities, which we believe this property is unique in.
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Quiver Investments, LLC specializes in the acquisition and sale of investment properties throughout Colorado, Montana and certain regional markets in the western United States.