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. |