Role Reversal: Importing East Coast Capital to sell CA Office Park
 Capital Pacific recently closed on a single tenant office park with office, manufacturing, distribution/warehouse, and research & development space totaling 150,360 square feet on 60 acres. The property is located in Nevada City, CA, sometimes referred to as the Silicon Valley of the Sierras.While Capital Pacific typically sources aggressive West Coast investors for retail properties in tertiary markets, this property actually went to a Florida-based group in a 1031 exchange. The brokerage team was able to weather market shifts throughout the sale, putting the property back into contract a few times (ultimately with the right buyer) and mitigating all issues that arose during escrow. |