Capital Pacific Sells Strip Center in Michigan
 Capital Pacific worked with an outside broker to sell a newly constructed two-tenant retail building in Despite the fact the largest tenant (AT&T) had limited years left on their lease, Capital Pacific helped to educate the buyer on the dynamics of the site and the strong retail sub market. Based on the success of this transaction, the developer of the project has awarded Capital Pacific another assignment. |
Capital Pacific Closes Another Dairy Queen!
 Capital Pacific is pleased to announce the closing of a Dairy Queen restaurant in Bloomington, Texas. This closing represents the third Dairy Queen sale this year for our team; not to mention the additional three that we currently have in escrow. This property is located directly off of a prominent highway through town traveling northwest and southeast and is easily accessible via main thoroughfares from major markets including Victoria, Corpus Christi, San Antonio, and Houston. The property featured a brand new, 20 year absolute NNN lease with 10% rent increases every five years and was personally guaranteed by a 85+ unit franchisee. Our team marketed this property to our targeted list of brokers and investors. Through these efforts, we were able to generate a great amount of attention. The Buyer closed all cash within a quick escrow period. |
Capital Pacific Closes Brooklyn Industries!
 Capital Pacific is pleased to announce the closing of the Brooklyn Industries property in Portland, Oregon. This property was in a fantastic location, positioned in the coveted Nob Hill Neighborhood of NW Portland. Capital Pacific's team quickly identified the appropriate buyer pool for this asset and targeted our marketing accordingly. Ultimately, thanks to accurate pricing and our thorough understanding of the area, our team was able to bring multiple offers to the table. |
Capital Pacific Sells Houston, TX Walgreens
 Capital Pacific has successfully paired a TX-based 1031 exchange buyer with an existing Walgreens property located in the Space Center Development in The acquisition required assumption of an existing loan, and the buyer had only a short period of time to close given their exchange deadline. Capital Pacific worked closely with the Buyer, Seller and Trustee to ensure the transaction was streamlined and closed in advance of the deadline. The Buyer was represented by an outside broker. |
Two Dollar Generals Sell in One Day
 Capital Pacific is pleased to announce the recent sale of two The first store was purchased by a New York REIT in an all-cash transaction, and the property was in escrow for just 3 weeks. The second Dollar General was an off-market sale with an all-cash buyer from FL, and was in escrow for 30 days. Capital Pacific has sold 5 Dollar General Stores in 2010, and currently has two available and one under LOI. |
Successful Chili's Sale Leaseback
 Capital Pacific represented a growing TX based Chili’s franchisee in a unique sale leaseback transaction which closed last week. The tenant signed a 15-year ground lease which commenced at close of escrow, allowing them to retain ownership of the improvements. The buyer was a local restaurant operator who saw the investment for what it was: a compelling long term annuity at less than replacement cost, with the associated benefits of commercial real estate ownership. The lender in the transaction was also from the local area. |
Capital Pacific Closes 2 REO Dispositions
  Capital Pacific is pleased to announce the closing of two REO Dispositions: Boyer Center and Burnside Commons I&II. In the short time that these properties were on the market, Capital Pacific received a total of 9 offers from private and institutional investors throughout the Northwest. These properties represent the 4th and 5th transactions for the Portland office in the last two weeks.For each of the properties, Capital Pacific represented one of the largest servicing outfits in the country. For Boyer Center, our team also represented the private investor who purchased the asset. Capital Pacific's team approached these assignments with a strong focus on anticipating objections and focusing on the intrinsic details of the real estate. By doing so, we were able to overcome multiple hurdles and ultimately, our foresight facilitated quick closings for each of the properties. Capital Pacific's capacity to source capital that is invisible to most groups and properly price assets are critical in this continuously changing market. |
Successful IHOP Sale: All-Cash & Two Weeks Early
 Working with a California-based private seller and an East Coast institutional buyer, Capital Pacific successfully brokered the sale of a net leased IHOP in Buford, GA. The sale closed approximately 2 weeks earlier than the contract stipulated. Capital Pacific was able to obtain all the necessary documents and reports to satisfy the buyer’s inspections, and as a result both parties agreed to close this all-cash sale early. |
Burger King Sale-Leaseback
 Capital Pacific is pleased to announce the sale of a Burger King in Capital Pacific was able to deliver value through a sale-leaseback transaction, with rent commencing on this new construction restaurant facility at close of escrow. The property was on the market for less than a week before a regional buyer was sourced in cooperation with an outside broker. |
Heading to ICSC Las Vegas
 Capital Pacific will be attending the largest commercial real estate conference in the US: the annual ICSC (International Conference of Shopping Centers) convention in Las Vegas, May 23-25. This event is an excellent opportunity to showcase our current inventory, and discuss new opportunities with market-makers from across the country. We will once again have a booth (S-573 U Street), in the lower level of the South Hall. Click here for a map, and stop by if you plan to attend. Our theme this year is Anatomy: we're highlighting the ways that Capital Pacific's systems act in sync, to help our clients mitigate risk and capitalize on opportunity. |
Capital Pacific Ranked as CoStar Power Broker
 Capital Pacific has again been named a CoStar Power Broker for the Portland, OR and San Francisco, CA markets.This award is a testament to the strength of our client and broker relationships (as well as the hard work) that has allowed us to remain active in today's challenging market. Capital Pacific was measured against all the commercial real estate brokerage firms in our respective regions and ranked on overall sales transaction volume for 2009 as reported to CoStar. |
Staying Active in Today's Market - Another Jack in the Box Closing!
 Capital Pacific is pleased to announce the closing of a Jack in the Box restaurant in Hillsboro, Oregon.Through our vast network of principals and brokers, we located a private investor from Southern California in a 1031 exchange. Because we have remained active in this volatile market, we were able to produce real-time market information for the buyer, appraiser and lender to facilitate a successful closing after just 84 days in escrow. |