Rogue Valley Inn Sold for $2,275,000
Property and Location Overview:
The Rogue Valley Inn is an 82 unit independent economy motel located on 1.89 acres in Medford, OR. The property was built in 1963 and includes two, two story exterior corridor buildings totaling 27,564 SF. Property amenities include an outdoor seasonal pool, free Wi-Fi, self-serve laundry, and air-conditioned rooms.
This property is located in central Medford, OR just north of downtown on Oregon State Highway 99 and a block from Interstate 5. Medford is the largest city in Jackson County, which is centrally located along interstate 5 between Portland and San Francisco, and several hours from the Oregon Coast. Rogue Valley Inn is well positioned near The Village Medford Center, the premier entertainment-oriented shopping and dining experience in Medford, Hawthorne Park, the Rogue Valley Mall and only 2.5 miles from the Rogue Valley International Airport. This region is also well known for recreation and leisure travel.
Brian Resendez of SVN Bluestone & Hockley closed the transaction in September 2019. The sale highlights included:
- 82 unit independent economy motel
- Offered at 3.1x GRM
- Unencumbered by brand and management
- Well located just north of downtown Medford
- Right off Hwy 99 with easy access to I-5
- Approximately 2.5 miles to Rogue International Airport
- Available branding in market may offer increased returns
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