$8,750,000
35 Hozoni Drive
Sedona, AZ 86336
MLS# 5766433
Status: Closed



35 Hozoni Drive, Sedona, AZ 86336
  1 / 27  
35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336 35 Hozoni Drive, Sedona, AZ 86336

Property 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.

Details
Maps
Contract Info
Current Price: $7,880,000
Sold Price: $7,880,000
Status: Closed
List Date: 2018-04-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
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
Legal Description (Abbrev): AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254
Subdivision: Adobe Grand Villas - a boutique hotel of 16 themed luxury villas.
Assessor's Map #: 24
Assessor's Parcel #: 492
Assessor Parcel Ltr: F
Add'l Parcels: No
Assessor Number: 408-24-492-F
Census Tract: 1802
Legal: AN IRREG PCL IN THE SW4SW4 SW COR LYNG APPROX 820'N OF SW COR OF SE 11-17-5E CONT 1.12AC 3429/254
Tax Municipality: Sedona
Taxes: 40589
Tax Year: 2014
Marketing Name: Adobe Grand Villas
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
Owner Association: No
Operating Exp: 40589
Net Operating Income: 575750
Pmt & Rate Info
Cap Rate: 6.58
Equity: 8750000
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
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
Reports/Disclosures: Seller Prop Disc Stm; ALTA Survey Availbl
Environmental: None
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.

Listing Office: United CountryReal Estate-Arizona Property & Auction

Last Updated: February - 22 - 2019

35 Hozoni Drive, Sedona, AZ 86336 - MLS# 5766433
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.