Broadway Medical Clinic

Ethos Commercial Advisors was retained by Broadway Medical Clinic to advise on the confidential sale-leaseback of its medical office building at 4212 NE Broadway in Portland, Oregon. Divesting the real estate was a prerequisite for the clinic’s pending merger with The Oregon Clinic, creating a time-sensitive transaction that required careful coordination to maintaining uninterrupted patient-care operations. The property comprises 35,419 square feet and ultimately sold for $14,400,000 ($407 per square foot) through an off-market process.

To protect confidentiality and maintain control of the process, Ethos conducted targeted outreach to a select group of experienced medical office investors, focusing heavily on out-of-state capital sources while educating buyers on Portland’s medical office market dynamics and local leasing conventions. Ethos also coordinated consultants and sourced competitive bids for key capital items, including a partial roof replacement, reducing projected costs and strengthening underwriting confidence for the buyer.

Ethos negotiated the purchase agreement and long-term lease concurrently while coordinating three ownership groups and multiple legal teams. The sale-leaseback closed before year-end, enabling the merger to proceed, repaying renovation-secured debt, and securing long-term occupancy for the buyer. The deal also introduced a new institutional owner to Portland’s medical office market.