Capital Pacific represented an Oklahoma-based developer in the sale of a Chili’s ground lease property in McAlester, Oklahoma. The buyer was a California-based group represented by a San Francisco Bay Area broker. The seller helped the buyer arrange financing through a local bank in Oklahoma. This was another example of Capital Pacific’s ability to connect a West Coast buyer to a passive investment opportunity outside of California; in this case, a smaller market in Oklahoma.

Capital Pacific successfully represented the seller of a Chili’s ground lease in Statesville, NC. The buyer was in a 1031 exchange and was represented by an outside broker based in Raleigh, NC. This assignment was unusual because the property included an additional 0.4 acres of land. Capital Pacific had previously sold a bank-received note to the seller who assumed this property along with two other strip centers.

Capital Pacific successfully brokered the sale of another Wendy’s restaurant located in Stockbridge, Georgia. Capital Pacific was able to achieve a competitive cap rate, and worked with an outside broker that Capital Pacific has cooperated with on several recent transactions. This is the sixth sale-leaseback transaction Capital Pacific has executed for this Richmond-based franchisee.

Capital Pacific successfully brokered the sale of a newly constructed AutoZone in Elk Grove, CA. The buyer, represented by Capital Pacific, was a private investor based out of Southern California and was an existing client of Capital Pacific. The escrow was opened while the property was still being constructed and closed within a week of the store opening. The asset was purchased all cash.

Capital Pacific recently closed a Family Dollar store in Keene, Texas. This was an off-market deal and Capital Pacific represented both sides in the transaction. Our team has represented the Seller on numerous transactions, and the Buyer was a first time buyer out of Ohio who had inquired about other Capital Pacific dollar store listings in the past. The Buyer was not in a 1031 exchange and financed the deal. The Family Dollar was brand new construction and the property opened for business two weeks ago.

Capital Pacific successfully brokered the sale of a franchised Jack in the Box restaurant property in the town of Oakhurst, CA. The seller, a Bay Area based bank, was represented by Capital Pacific in the REO sale. Multiple offers were received on the property and the Southern California buyer was represented by a Colorado based broker. The buyer obtained financing on the asset and the deal closed in less than forty days.

Marking its third sale in the state of Alabama in the month of August, Capital Pacific successfully brokered the sale of the CSC building, a pride of ownership, 6-story Class A office building located in the impressive new Bridge Street Town Centre development in Huntsville. Leased in its entirety to Computer Sciences Corporation through 2014, the relative short term nature of the lease proved to be the biggest challenge in terms of sourcing a buyer. Ultimately an institutional purchaser with extensive experience and resources in the office sector was chosen, and escrow closed approximately 70 days thereafter.

Capital Pacific recently sold an IHOP restaurant located in Carlsbad, NM. Within 24 hours of listing the property, Capital Pacific received multiple offers, and the property ultimately sold close to the original list price. The buyer and their broker were both out of California and the property entered contract early in the construction stage. The buyer was not in a 1031 exchange, which reflects Capital Pacific’s ability to source aggressive investors of all types.