Capital Pacific Concludes 2nd Quarter with Closing at Full Asking Price
 Capital Pacific concludes the second quarter by closing Spanaway Retail Center located in Spanaway, WA. During a time when many investors are hesitant about tertiary markets, Capital Pacific was able to source an investor and present a proven asset with stable returns. Spanaway Retail Center is an Albertson's shadow anchored retail center located on a high traffic corridor, with the original tenants in a growing area. Capital Pacific closed at a sub 7% cap rate and the full asking price once again demonstrating the ability to accurately assess the value of an asset and effectively market to the right investors. |
Whirlwind Closing with Hollywood Connection
 Capital Pacific is pleased to announce the closing of a triple net BJ’s Wholesale Club, located in Charlotte, NC. This sale illustrates Capital Pacific’s unique ability to leverage strong client relationships with quality investment opportunities, aggressive West Coast 1031 exchange buyers, and transactional expertise into a “win-win” for everyone – the property went from Letter of Intent to closed escrow in 11 days!And since you’re still wondering about the Hollywood connection: the buyer had a short timeframe left on a 1031 Exchange, having sold some property to a famous Hollywood couple. Capital Pacific agents believed this was a viable transaction, and worked through the typical onslaught of issues during the short escrow, ranging from environmental documentation, to working with the Ohio-based seller to accommodate the buyer’s financing needs. And that’s a wrap! |
Summercrest Plaza Closes on Target
 Capital Pacific has completed the disposition of Summercrest Plaza, a 28,000-square-foot strip center located on Hart Road in Beaverton, OR. The property was 97% occupied at the time of purchase. Tenants include Plaid Pantry and Goodwill. Capital Pacific represented both parties in the transaction. Summercrest Plaza is another example of Capital Pacific’s ability to accurately assess the value of an asset, effectively market to the right investors, and act efficiently throughout the sales process. • Capital Pacific closed within 1% of the initial asking price. • Capital Pacific sourced a local investor seeking an infill asset with dependable returns and additional upside. • Escrow closed promptly in 29 days • All parties worked closely to overcome multiple moving parts during the transaction, including seller financing. |
Fast Times, Fast Food
 Capital Pacific's San Francisco office has recently closed on a few fast food investments, among them a Wendy's restaurant located outside of Richmond Virginia. The buyer of this property was an elderly West Coast 1031 exchange investor, who sold a shopping center in La Jolla in favor of this more passive investment. The seller had a 22 unit portfolio of Wendy's assets in Virginia and Georgia, and Capital Pacific has sold four of these restaurants over the past 16 months. Based on these results, the seller has recently released an additional two Wendy's to the market. |
Capital Pacific Closes Cummins NW Regional Headquarters
 Capital Pacific has recently closed the Cummins NW Regional Headquarters located at the entrance of Swan Island in Portland, Oregon. Capital Pacific’s continued presence in the market and understanding of lender and investor requirements helped facilitate a successful close at the original asking price. All parties worked closely to overcome multiple obstacles during the transaction, including the following:
|
Viva Las Vegas
 Capital Pacific recently participated in the largest commercial real estate conference in the world: the annual ICSC (International Conference of Shopping Centers) convention in Las Vegas. Our presence at the conference was an excellent opportunity to showcase our current inventory, and to discuss new opportunities with market-makers from across the country. Although there was some discussion about the industry’s recent woes, the overall mood at the show was optimistic. Since mid-May, we have seen a strong increase in sales activity with players emerging from the sidelines, ready and willing to make things happen. |
Capital Pacific Named Among Portland's 2007 CoStar Power Brokers for Sales Activity
 Capital Pacific has been named a 2007 CoStar Power Broker for the Portland, Oregon area. Capital Pacific was measured against all the commercial real estate brokerage firms active in the region and ranked based on overall sales transaction volume for 2007 as reported to CoStar. As the largest, independent information provider to commercial real estate professionals in the United States and United Kingdom, CoStar is uniquely qualified to rank and recognize the most active firms and individual dealmakers in each market. |
Capital Pacific's New Look
 Welcome to our new and improved website! We hope you enjoy our facelift, but the changes are more than skin deep: you’ll also find some exciting new functionality.In the upper right hand corner of the homepage, you’ll find 3 dropdowns, which will let you narrow your property searches. And once you arrive at the property search results, you’ll have a lot more information about each listing at your fingertips and you can sort by Price, Cap Rate, Property Type, and Lease Type. To download marketing packages, just click on the property image, or the underlined property name. You can now email agents directly by clicking on the “Contact Agent” link, and as always, agent phone numbers are on the cover of each marketing package. Enjoy your visit! If you have questions or comments, drop us a line: info@capitalpacific.com |
|
The Perfect Pairing for Uncertainty is Chardonnay
Capital Pacific has successfully closed Chardonnay Plaza in tertiary Prosser, WA. Amidst the uncertainty in the market, Capital Pacific was able to source an investor and structure the complex pre-sale transaction of Chardonnay Plaza. Through this pre-sale, the buyer was able to secure a high quality asset under construction in a market with limited inventory. The asset was 100% occupied at the time of purchase and closed at the initial offering price. |