Momentum Continues: Two More Closings
 Capital Pacific recently sold a newly constructed freestanding building in Savannah, GA, occupied by Strayer University, a publicly traded education company. Capital Pacific worked with an outside broker to sell the property to an institutional group out of Philadelphia, PA.Capital Pacific also sold a CVS drugstore in 26 days! Continuing a trend of closings in the past month, Capital Pacific recently represented a 1031 exchange buyer in the acquisition of a CVS drugstore in Lumberton, TX. The buyer had sold a management intensive residential rental property in Northern California, and wanted to exchange into a property that provided passive, dependable cash-flow. The CVS was a long-term absolute NNN Lease which yielded the investor north of 8% on an annual basis. |