Capital Pacific Sources Local Private Investor for Class A Office Building
 Capital Pacific has closed the sale of Durham Office Center, a class A Suburban office building located contiguous to Bridgeport Village in Durham, Oregon. Capital Pacific’s ability to source a local private investor familiar with the intrinsics of the real estate and long term viability of the area enabled them to be more competitive. The Northwest office real estate market is unique in that the vast majority of property sales go to private investors. According to Real Capital Analytics, between 69% of national office property sales in the $5M to $40M range are purchased by private investors, in Portland it is 71% and 90% in Seattle. Once the right buyer was sourced, Capital Pacific overcame multiple challenges assisting both the buyer and seller as they worked towards a successful close:
Since 2004 the Capital Pacific Portland office has closed 33 office properties, representing over $200M in sales. |