I have no experience with that brand, but it sounds like a heavy trolling rod. If the finish, reel seat, and rollers are in good shape and you have a boat you can use it on I'd say $45 is not bad at all.
Here's a link to some info on their blanks
I don't see that model # listed, but it could be an older one that's just not there any longer.
I saw a few Cape Fear trolling rods on eBay for between $250 & $400.