Another Applebees Sale
 Capital Pacific is pleased to announce another sale: an Applebee’s in Fort Collins, CO. This is the fourth property to close from a portfolio of seven. The purchaser was a sophisticated group in a 1031 exchange, represented by brokers out of NYC. The seller provided financing. |
Another Closing - Jack in the Box Ground Lease
 Capital Pacific is pleased to announce the closing of a Jack in the Box Ground Lease located in Phoenix, Oregon.Demonstrating its ability to maintain velocity in today’s market, Capital Pacific ultimately was able to bring five offers to the table. The property was purchased by a private investor and closed after just 36 days in escrow. Pricing the property to reflect current market expectations and creating competition, was critical in closing the transaction quickly. |
Delivering Certainty: Carrows Restaurant Closing
 Representing a long term client, Capital Pacific listed and sold a 5,450 SF Carrows restaurant located in Santa Maria, CA, an excellent suburban market 75 miles north of Santa Barbara. Our team was able to source a local investor who assumed the existing financing and recognized the fundamental strength of the real estate, despite the short lease term. In this uncertain market Capital Pacific delivers certainty to its clients by not only selling the A-rated assets, but also the properties with less credit, shorter lease terms and other challenges that other brokers might not understand how to evaluate. |
2010 Brings Closings
 Capital Pacific is pleased to announce the sale of a Burger King restaurant in Jackson, MS. This is the first of a few new closings so far in 2010. This property generated tremendous investor interest, reinforcing the importance of basic fundamentals (such as location, lease term, tenant quality, and unit sales) in today's market. Capital Pacific once again executed on a proven formula of sourcing California investors for national investment opportunities and cooperating with other brokerage firms. The Burger King was sold to a San Francisco Bay Area investor who was represented by an outside broker. |
Final closing of 2009 -- Lincoln Heights
 Capital Pacific is pleased to announce the closing of Lincoln Heights Shopping Center, located off of East 29th Avenue in Spokane, Washington. Capital Pacific represented a private seller in the transaction and demonstrated its ability to set accurate pricing, source motivated capital and collaborate with outside brokers. This multi-tenant 51,614 square foot shopping center received multiple offers and closed within 97% of the initial offering price. Capital Pacific's ability to anticipate objections and focus on the intrinsics of the Property helped overcome multiple hurdles such as above market rents and new bank financing. With superior client service, problem solving abilities and accurate pricing set for today’s rapidly fluctuating market conditions, Capital Pacific has risen to the occasion to successfully complete the transaction within the desired time frame. Labels: Last closing of 2009 |
Foresight and Experience Generate Another Sale
 Capital Pacific is pleased to announce the closing of a two-tenant (Best Buy and The Sports Authority) 76,483 square foot property, located within the Tanasbourne Town Center. The Capital Pacific team was engaged by a publicly traded REIT seller who required a closing before year-end 2009. Thanks to the foresight and planning that went into our team’s marketing efforts, Capital Pacific was able to overcome a number of hurdles. When all was said and done, our team received a total of 13 offers on the property and was able to expedite tenant and REA estoppels to accommodate a year-end close. |
Capital Pacific has another closing! Schuck's Auto Supply on 82nd
 Capital Pacific is excited to announce the closing of Schuck’s Auto Supply located on 82nd Avenue in Portland, Oregon. Capital Pacific represented an institutional owner in the transaction as an off-the-market deal, pursuant to one particular buyer’s need. The property sold to a private buyer in an all-cash transaction for full price with a quick close. This property was one of Capital Pacific’s fastest deals thanks to our team’s persistence, knowledge of the market, and commitment to our clients. |
Commitment and Action Result in Another Deal Closed
 Capital Pacific is pleased to announce the closing of a Carl's Jr. ground lease located in Marysville, WA. Capital Pacific was approached by a large developer to list the property. Speed to market and pricing were very important to the Owner. Demonstrating our team's action and commitment, Capital Pacific brought multiple offers to the table in just 14 days. From contract to closing, the deal took less than a week to complete and closed for the full asking price. |
The Best of the Season
 2009 has not been an easy year in the commercial real estate world, but here at Capital Pacific we are thankful for many things, especially the fantastic people we get to work with in this business. And as we head in to 2010, it is with a sense of optimism for things to come.We wish all of our clients and colleagues a restful, peaceful and joyful holiday season! |
Meet with Capital Pacific: ICSC New York
 Capital Pacific has been criss-crossing the country, attending major real estate conferences in Los Angeles, CA; Chicago, IL; San Antonio, TX; and Las Vegas, NV this fall. At each conference we observed a new sense of optimism in the industry.Yes, we still face challenges heading into 2010, but we also observe that buyers' and sellers' expectations continue to come into alignment, and deals are being made. So far in 2009 our 13 agents have completed 43 transactions, with the bulk of activity occurring in the third quarter. Results from Real Capital Analytics support this observation, and indicate the first quarterly sales increase in two years. REITS have also reported a surprising increase in leasing activity during the third quarter. If you'd like to take a bite out of pessimism, meet with Capital Pacific in the Big Apple this December. Our final conference of 2009 is the ICSC National Conference in New York City, December 7-8. We'd like to meet with you to discuss realistic strategies that will help you in 2010. Our booth is #520 in the Metropolitan Ballroom of the Sheraton Hotel (click here for a map). Please contact us to set up a meeting. |
Momentum Continues: Two More Closings
 Capital Pacific recently sold a newly constructed freestanding building in Savannah, GA, occupied by Strayer University, a publicly traded education company. Capital Pacific worked with an outside broker to sell the property to an institutional group out of Philadelphia, PA.Capital Pacific also sold a CVS drugstore in 26 days! Continuing a trend of closings in the past month, Capital Pacific recently represented a 1031 exchange buyer in the acquisition of a CVS drugstore in Lumberton, TX. The buyer had sold a management intensive residential rental property in Northern California, and wanted to exchange into a property that provided passive, dependable cash-flow. The CVS was a long-term absolute NNN Lease which yielded the investor north of 8% on an annual basis. |
Capital Pacific Closes Oregon Mutli-Tenant Retail Centers
 Capital Pacific is pleased to announce the recent closing of three large multi-tenant retail centers in Oregon. Powell Valley Junction, a 107,583 Sq.Ft. center in Gresham, Oregon; Rockwood Plaza, a 92,708 Sq.Ft. Dollar Tree anchored center; and Troutdale Center, a 90,137 Sq.Ft. center in Troutdale, Oregon. Capital Pacific generated in excess of 15 qualified offers from investors predominately on the West Coast. Capital Pacific represented a large publicly traded REIT in these transactions. |