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35 Hozoni Drive, Sedona, AZ 86336

$7,880,000
Property Type: Comm/Industry Sale Square Footage: 20,876 Lot Size (sq. ft.): 48,787 Status: Closed
Current Price: $7,880,000 List Date: 5/15/2018 Last Modified: 2/22/2019

Description

**Ownership Retirement Investment Opportunity - Established Boutique Hotel - Strong NOI - Adobe Grand Villas** The Adobe Grand Villas is an original owner, 16-unit (18,874 sqft), boutique hotel located in Sedona, AZ (Yavapai County). AGV is more than a retreat, it's an unforgettable experience. Each of the 16 themed private villas is a complete escape as the one-of-a-kind design works in tandem with exceptional service. Adobe Grand Villas is a unique and special Sedona business for sale that is a wonderful opportunity to enjoy as an active retirement business. Other uses include conversion to an exclusive Arizona addiction rehab and wellness center, or as a fractional ownership destination property. Property tours are by appointment only. Unannounced visits are strictly prohibited.

Supplements: The hotel rests on pristine desert landscape in southwest Sedona with privacy and views. The hotel runs smoothly and autonomously with a dedicated culinary team, maintenance and housekeeping staff and contracted spa services. Every guest is treated with care. AGV offers investors and/or operators a stabilized cash flow and seasoned staff. This is the Crown Jewel of Sedona.

More Information MLS# 5766433

Contract Info

Current Price: $7,880,000 Sold Price: $7,880,000 Status: Closed List Date: 2018-04-20 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: C82 House Number: 35 Street Name: Hozoni St Suffix: Drive City/Town Code: Sedona State/Province: AZ Zip Code: 86336 Zip4: 3765 Country: USA County Code: Yavapai Subdivision: Adobe Grand Villas - a boutique hotel of 16 themed luxury villas. Assessor Number: 408-24-492-F Tax Year: 2014

General Property Description

Type of Property: Boutique Hotel Ttl Apx SqFt Bldg: 20876 # of Buildings: 6 Year Built: 2001 Uncvrd Parking Spcs: 20 Zoning: Lodging

Remarks Misc

Cross Street: From Phoenix: take I-17N to Exit #287 (Route 260) Directions: Then west 12 miles to Cottonwood, right on 89A North to Sedona for 14 miles. Turn left on Tortilla Dr (at GIANT gas station), left at stopsign on Southwest Drive, right on Hozoni Dr, entrance on left. Geo Lat: 34.864104 Geo Lon: -111.812673

Status Change Info

Status Change Date: 2019-02-22 Off Market Date: 2019-02-22 Under Contract Date: 2018-10-31 Close of Escrow Date: 2019-02-21 Sold Price: $7,880,000

Legal Info

Township: 17N Range: 05E Section: 11 Lot Number: F

Income Expenses

Net Operating Income: 575750

Sold Info

Loan Type: Cash Payment Type: Fixed Clsing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession to Buyer: 45000 Seller Concession $/%: $

Property Features

Building Type: Commercial; Other (See Remarks) Current Use: Other; See Remarks Stories: 2 Stories Construction: Stucco; Frame - Wood Roofing: Tile Floors: Concrete; Wood; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Natural Gas Cooling: Central A/C Loading Facilities: None Interior: Finished; Smoke Detector(s); Security Light(s); Private Restrooms; Public Restrooms Exterior: Sprinkler Sys-Ground; Landscaping; Monument Sign Fencing: Block Parking: Free Electric: City Electric; Master Meter Gas: Other (See Remarks) Water: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Owner May Carry Source of Fincl Data: Provided by Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Assume-No Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: Unknown Environmental: None
Listing Office: United CountryReal Estate-Arizona Property & Auction
Last Updated: February - 22 - 2019
35 Hozoni Drive, Sedona, AZ 86336- MLS# 5766433
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