Portland Grocery Store

Portland, OR

Challenge

  • Institutional Seller with strong expectations.
  • Not main and main within the market.
  • Restrictions on fully marketing the asset.
  • Short timing to sell the property.

Strategy

  • Target high probability exchange buyers.
  • Highlight the long lease term and strong grocer sales.
  • Provide stability of income to an exchange buyer.

Results

  • Record cap rate for the Pacific Northwest.
  • Sold to an exchange buyer off market that was based in Beverly Hills.
  • Successfully delivered again for one of our top clients.
  • Help us take the top spot for grocery sales in 2020.