As first reported here on Thursday, a purchase offer is listed as “pending” by the owners of the property where C & P Coffee Company (WSB sponsor) has been open for 15 years. That came just a week and a half after they listed the 5612 California SW site for sale, asking price $1.25 million. When we contacted C & P proprietors Cameron and Pete Moores about the “pending” status, they told us they still have hope of buying the property – and now they’ve explained why: In an update this afternoon on the GoFundMe crowdfunding page that has so far drawn more than $53,000 in donations, Cameron wrote:
Pete and I have the right of first refusal as part of our lease. That means that any offer the owner accepts, we have 15 days to respond with our own offer, which we intend to do. That is only possible with your generous support and the commitment of many of our neighbors to invest in this piece of history. We will be posting more information as we approach the deadline …
In a previous GoFundMe-page update, Cameron wrote that the offer accepted by the property owners is from West Seattle-headquartered development/financing firm Blueprint Capital, for $1.285 million. The property is zoned Lowrise 3-Residential/Commercial.
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