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6.30.2008
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.
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