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Capital Pacific Represents Regional Bank in Closing of Mixed Used Project
Capital Pacific is pleased to announce the recent closing of Sunnybrook Ridge, a 64,000 square foot office/mixed used project in Clackamas, OR. The Property received multiple offers from private and institutional investors throughout the West Coast.

Capital Pacific represented a regional bank in the transaction as well as the private investor that purchased the Property.

This Property represents the 16th transaction between the Portland & San Francisco offices in the past 6 weeks. The ability to source capital that is invisible to most groups and properly price assets is critical in executing in this continuously changing market.

A portion of the sales price was financed by the bank, resulting in total transaction time of 59 days. Capital Pacific’s ability to anticipate objections and focus on the intrinsics of the real estate, helped overcome multiple hurdles, including the following:

  • Specialized gym use in over half the square footage.

  • Parking limitations with the current occupancy and absorption of the vacant space.

  • Requirements to build on the 22,075 square foot vacant lot that was part of the overall parcel.

  • The remaining vacancies were in raw condition, including no HVAC.

  • Having to re-issue estoppels and last minute SNDA requirements to close.

Capital Pacific’s ability to source private capital and keep investors accountable, resulted in the Property closing on time and at the initially agreed upon price.

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