Capital Pacific Sells Two Alabama BB&T Banks

Capital Pacific recently closed two BB&T bank transactions, both located in the state of Alabama. The Seller was a California resident looking to redeploy the capital in a single net leased asset. The purchasers were both 1031 buyers, and were represented by outside brokers. The closings happened within one week of one another, providing the Seller maximum flexibility to purchase one asset with the proceeds from two separate sales.