Capital Pacific successfully brokered the sale of a net leased Kelly-Moore retail and office paint facility in Hayward, CA. The all cash purchaser was in a 1031 exchange, and was represented by an outside broker. A resident and the owner of multiple properties in the Bay Area, this was a good fit for both the buyer and seller.

Originally constructed for Kelly-Moore in 1971, this location has been a proven performer for almost 40 years. Owned by a complicated partnership of individuals, a family trust and an LLC, both buyer and seller were cooperative as Capital Pacific worked with an estate attorney to deliver clear title to the asset. The escrow took approximately 50 days from inception to close.