Closing Zone: AutoZone, Taco Bell and McDonalds
 Three more closings have contributed to a flurry of activity and successful transactions for Capital Pacific this summer.The first is an AutoZone, located in Huntley, Illinois. The property was sold to a California-based private investor in an all-cash transaction with a quick close. This type of transaction has become more prevalent recently: buyers increasingly see commercial real estate as a way to beat the returns and/or risks of CD's and stocks. The increase in all-cash investors seeking attractive investments in today's market has offset the decrease in 1031 exchange activity. A Taco Bell ground lease in Hillsboro, Oregon went to an all-cash buyer and closed after just 17 days in escrow. Similarly, a McDonald's ground lease in Atlanta, Georgia went to another all-cash buyer. Capital Pacific successfully led the transaction through the buyer removing conditions to purchase at execution of the PSA and the seller partitioning the property during escrow. |