Intrinsic Ventures engaged Ethos Commercial Advisors to oversee the sale of Jimmy’s Tire & Annex, a 17,760 SF, 14-tenant, fully leased retail investment property on SE Division Street in Portland, Oregon. Ethos collaborated with property management in advance of the launch to position the asset, including leasing the final vacancy at a top-of-market rental rate to improve net operating income and support the client’s pricing expectations.
To drive investor engagement, Ethos implemented a targeted marketing strategy, making hundreds of direct calls to qualified investors and leveraging its proprietary database and market relationships. The process resulted in multiple competitive offers, with Ethos conducting a fair and transparent bidding process supported by frequent buyer communication.
Ethos’ thorough preparation, including a comprehensive, well-organized virtual deal room, streamlined the marketing timeline and gave buyers the confidence to proceed on an accelerated closing schedule. Ethos added further value by securing estoppels from all tenants in just over a week. The winning offer was an all-cash deal at a below-market capitalization rate, featuring a 21-day diligence period and 15-day close.
Ethos Services
Associated Team Members
- Josh Bean, SIOR
- Executive Managing Director, Partner
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- Brian Hanson, MREF
- Senior Managing Director, Partner
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- Dana Solof, MBA
- Senior Managing Director, Partner
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