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Marcus & Millichap Arranges the Sale of a Unique Mixed-Use Asset in Cottage Grove, OR

October 04, 2021

COTTAGE GROVE, OR, September 30, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Village Green Hotel Resort and RV, a 96-room hotel with a restaurant and RV park located in Cottage Grove, OR, according to Joel Deis, regional manager of the firm’s Portland office. The asset sold for $3,600,000.

Anja Jauregui, Tyson Cross and Will Stone, investment specialists in Marcus & Millichap’s Portland office, had the exclusive listing to market the property on behalf of the seller, out of California.

The Village Green Hotel Resort and RV Park is located at 725 Row River Road in Cottage Grove, OR. Marcus & Millichap's collaborative platform was able to source offers from a variety of buyers including developers, hotel operators and manufactured home/RV park investors both locally and from out of state for this unique mixed-use asset before closing with a local buyer.

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

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