QUIVER INVESTMENTS ANNOUNCES THE SALE OF 5225 N ACADEMY IN COLORADO SPRINGS, CO

JUNE 30, 2021. Quiver Investments, a Denver based investment sales brokerage, is pleased to announce the successful closing of Synergy Corporate Center located at 5225 N. Academy in Colorado Springs, Colorado. A Colorado based investor group purchased the asset from Great Western Foloh, LLC for $6.55M or $148/RSF.

The 44,256 rentable square foot office building is located along the North Academy corridor and benefited from approximately 90% occupancy at closing, providing sustainable cash flow for the new owner as this asset has experienced consistent leasing prior to and throughout COVID-19.

Ben Swanson, Principal at Quiver Investments, said “Synergy Corporate is a testament to the continued demand for office, both by tenants and investors, despite some national headlines to the contrary. With the military presence, the continued migration of both residents and businesses to Colorado Springs and minimal new development, the office market remains strong throughout Colorado Springs.”

The seller was exclusively represented by John Witt and Ben Swanson of Quiver Investments and the buyer was represented by Riki Hashimoto of Newmark.