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Pacific Acquisitions pay $16.6 million for a 200,400-square-foot building in Frederck

Posted on: Oct 25 16

by: admin

FREDERICK — Pacific Acquisitions LLC, a real estate investment firm based in Anchorage, Alaska, has acquired the #CRE warehouse in #Frederick that is leased to Fort Collins-based Otter Products LLC.

Using the two entities AK Consolidated 17 LLC and Novious Properties LLC, Pacific Acquisitions paid $16.6 million for the 200,400-square-foot building that Otter Products uses as a national distribution center.

Built in 2006, the building initially was home to the Cambium Learning Inc.

The seller, Minnetonka, Minn.-based investment firm Founders Properties LLC, used the entity Oire Colo C LLC, according to public records. Founders Properties was formed by Best Buy founder Richard Schulze and the late Gerald Rauenhorst, founder of The Opus Group.  Source: Bizwest


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