Two Recent Closings: $13M - $15M
 In the current market, smaller, more easily financed deals are dominating. However, never afraid of a challenge, Capital Pacific has recently closed some larger property sales as well.The first was the SAIC Office Building, a Class A single-tenant, trophy office building in Huntsville, AL that sold for $15.85M. The buyer was in a 1031 trade, having sold an office building in San Diego, CA. They were attracted to the Huntsville market, as well as the cap rate (especially compared to similar investments in California). Capital Pacific worked through the challenges of the financing market with an outside broker to complete the sale. The second closing was a Super Stop & Shop grocery store, located in Seekonk, MA which sold for $13.2M. A New York-based investor who was relocating to the area (and had significant 1031 exchange funds to place) submitted an all cash offer. Again, Capital Pacific cooperated with an outside broker to get the deal done at a sub 7% cap rate. |