{"id":1004159617,"date":"2016-11-21T08:10:16","date_gmt":"2016-11-21T16:10:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004159617"},"modified":"2022-03-03T01:18:48","modified_gmt":"2022-03-03T09:18:48","slug":"cip-closes-sale-of-village-inn-in-springfield-ore","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cip-closes-sale-of-village-inn-in-springfield-ore\/","title":{"rendered":"CIP Closes Sale of Village Inn in Springfield, Ore."},"content":{"rendered":"<p>by Adina Marcut<\/p>\n<div id=\"attachment_1004159701\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004159701\" data-attachment-id=\"1004159701\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cip-closes-sale-of-village-inn-in-springfield-ore\/village-inn-springfield-ore\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg\" data-orig-size=\"1413,868\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 60D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1412828193&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;32&quot;,&quot;iso&quot;:&quot;250&quot;,&quot;shutter_speed&quot;:&quot;0.00125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Village Inn, Springfield, Ore.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Village Inn, Springfield, Ore.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg?w=1024\" class=\"wp-image-1004159701 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg\" alt=\"Village Inn, Springfield, Ore.\" width=\"300\" height=\"184\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg 1413w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg?resize=300,184 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg?resize=768,472 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Village-Inn-Springfield-Ore..jpg?resize=1024,629 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004159701\" class=\"wp-caption-text\">Village Inn, Springfield, Ore.<\/p><\/div>\n<p><strong>Springfield, Ore<\/strong>.\u2014<a href=\"https:\/\/crystalip.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Crystal Investment Property LLC<\/a> announced the sale of the <a href=\"https:\/\/springfieldvillageinn.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Village Inn and Restaurant<\/a> located at 1875 Mohawk Blvd.<br \/>\nin Springfield, Ore. CIP, a licensed Oregon broker, exclusively represented the seller in the sale. Joseph Kennedy, president of CIP, worked with the seller, buyer and buyer\u2019s broker in order to negotiate the sale. Financial details of the transaction have not been disclosed.<\/p>\n<p>\u201cThis property enjoyed an extremely strong level of interest immediately upon bringing it to the market. However, the challenge was to determine which buyer was best qualified to complete the transaction within the parameters required by the seller. We had multiple competing offers and were able to secure not only the highest market price but a capable cash buyer,\u201d Kennedy said in prepared remarks.<\/p>\n<p>The 67-key property is situated near the freeway and includes a casual dining restaurant and shared pool and fitness facilities. It is located just 5 miles from University of Oregon in Eugene. The new owner intends to complete capital improvements, including a renovation of the restaurant and rooms.<\/p>\n<p><em>Image courtesy of Springfield Village Inn<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new owner intends to complete capital improvements, including a renovation of the restaurant and rooms.<\/p>\n","protected":false},"author":2518,"featured_media":1004159701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21742,28440,15],"tags":[],"class_list":["post-1004159617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-latest","category-portland","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIP Closes Sale of Village Inn in Springfield, Ore. - 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