CENTENNIAL, CO [April 13, 2020] – Quiver Investments, a Denver-based investment sales firm, is proud to announce the successful closing of Arapahoe Plaza East II located at 7955 East Arapahoe Court in Centennial, Colorado. This 29,140 SF multi-tenant office building was 96% occupied at the time of sale with a diverse tenancy of professional office tenants who were attracted to the building’s ideal location and recent improvements to the interior suites and common areas. Ideally located just south of the Denver Tech Center and less than a mile west of Interstate 25 on Arapahoe Road, Arapahoe Plaza East II is a short walk from the Arapahoe at Village Center Light Rail Station and the Arapahoe Marketplace retail shopping center, providing the office building access to public transportation as well as shopping and dining options for the tenants. The buyer was represented by Lon Welsh of Your Castle Real Estate.
John Witt, Principal of Quiver Investments, represented the Seller alongside Matt Kulbe of NavPoint Real Estate Group. According to Witt, “We went under contract at the beginning of February after receiving significant interest in the asset. As the impacts of COVID-19 were escalating, stay-at-home orders were initiated, and the stock market was experiencing severe volatility, Matt Kulbe and I quickly found ourselves in rapidly changing environment that ultimately lead to successful closing with a final sales price of $3,525,000.” Kulbe added that “Amidst all of the impact from the COVID-19 pandemic, the Buyer is a long-term holder and recognized this asset met their investment goals. The Buyer took advantage of low interest rates to acquire a great asset with a strong tenant mix that had already collected 93% of the rent for April upon closing early in the month. With unprecedented lender and appraisal hurdles, the Buyer and Seller negotiated a very fair deal for both parties.”
About Quiver Investments
Quiver Investments, LLC, is a Denver-based investment sales firm founded on the principles of transparency, accuracy, and trust. The team of professionals at Quiver Investments takes an active and transparent role in advising their clients from around the globe on the acquisition and disposition of commercial real estate investment properties located in Western US. The team challenges each other daily to provide a quiver of resources to our clients by leveraging the latest technology to deliver accurate underwriting analysis, aggressively source new buyers and sellers, and efficiently manage each transaction. Our team also has a network of third-party legal, financial, and professional vendors to aid our clients in fully evaluating their assets, and our hands-on approach means that our team is actively involved throughout the deal cycle and transaction. At Quiver Investments, we prefer to be thought of more as advisors and partners by challenging the status quo of brokerage.
For More Information
For insight on the current market and opportunities to acquire or sell commercial real estate, please contact John Witt at 303-748-8390 or john.witt@quiverinvestments.com
