Adobe Grand Villas, a 16-unit Top Rated Boutique Hotel
This ad is marked as Sold
Description: |
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| SOLD on Feb. 21, 2019 for $7,880,000 EXCLUSIVE LISTING is pleased to offer for sale The Adobe Grand Villas, a ±18,874 square foot 16-unit boutique hotel located in Sedona, Arizona (Yavapai County). Be Transported; Adobe Grand Villas is more than a retreat, it is an unforgettable experience. Each of the 16 themed private villas is a complete escape as the oneof-a-kind design works in tandem with exceptional service to relax the senses and provide comfort. Built in 2004, The Adobe Grand Villas opened the doors in 2004. Comprised of 6 buildings, the hotel rests on ±1.12 acres of pristine desert landscape in southwest Sedona. Guests are welcomed to the ±18,874 square foot property through an archway leading to a pool and spa retreat. Every guest is treated with care. Everything is taken care of. Always. Property Highlights: • NOI $700,000 • Stabilized Cash Flow • Performing Staff and Management • 6 Buildings • 16 Villas • Destination Location • Top Rated Hotel Five Consecutive Years Call for Offers (Broker Participation Welcome + Spiff). Exclusive Listing, An Image Locations Company www.exclusivelisting.com James Kim james@exclusivelisting.com 310.955.8755 Lic.01474579 |
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Members profile: |
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| Advertised by: | James Kim (click here to see full profile) | ||||
| Email: | Email Advertiser | ||||
Ad Details |
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| Property is | Sold | ||||
| Garage Spaces (put 0 if this does not apply) | 32.00 | ||||
| Auto Use Allowed | Part of the Building only | ||||
| Price Info | SOLD on Feb. 21, 2019 for $7,880,000 | ||||
| Price: | $8,900,000 USD | ||||
Buildings & Land |
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| Property Name | Adobe Grand Villas | ||||
| Property Types | Special Purpose | ||||
| Land Types | Commercial Other | ||||
Size & Value |
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| Bldg. Size (Sq. Ft.) | ± 18,874 | ||||
| Cap Rate | 8% | ||||
| Lot/Parcel Size | ± 1.12 acres | ||||
| Year Built: | 2004 | ||||
| Rental Units or Spaces: | 16 | ||||
| Other Units or Spaces: | 6 buildings total. | ||||
Use & Status |
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| Best Property Use | There is also a business for sale at this property, This is an investment property | ||||
| Construction Status: | Existing Structures | ||||
For Sale at Auction |
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| Auction Sale? | No | ||||
Unique Sale Issues |
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| Type of Sale | Real Estate Agency Sale | ||||
| Net Operating Income | 722,000 | ||||
Website |
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| Website | http://www.adobegrandvillas.com | ||||
Location |
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| Address | 35 Hozoni Dr. | ||||
| City | Sedona | ||||
| State | AZ | ||||
| Postal Code | 86336 | ||||
| Country | USA | ||||
Call Me! |
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| Phone | Sign in to see details | ||||
| Ad id: | 36103227 | ||||
| Ad views: | 8521 | ||||
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