$8,999,900
Scottsdale, AZ 85260
MLS# 6980286
1 / 116
Property Description
Located at the intersection of Jenan Drive and Cortez Street in Scottsdale, this premier health care and assisted living real estate offering presents a rare opportunity to acquire both the real estate and operating business of a luxury residential assisted living facility that has been in operation for 11 years. The property benefits from a highly visible location with exposure to more than 9,000 vehicles per day. It serves a densely populated trade area of over 515,900 residents who generated more than $437 million in medical spending in 2024. Within a five-mile radius, the property provides direct access to an aging population of over 39,000 residents aged 65 and older, supporting sustained long-term demand for senior housing and assisted living services.
Details
General Property Description
Sold Price Per SqFt: 562.49
# of Interior Levels: 1
Ttl Apx SqFt Bldg: 16000
Uncvrd Parking Spcs: 10
Flood Zone: No
Income & Expenses
Annual Gross Sales: 1250000
Owners Draw Included: Yes
Annual Owners Salary: 120000
Annual Mngr Salary: 40000
Anl Int (Non-RelEst): 10000
Annual Depreciation: 100000
Annual Fringes: 0
Adjusted Net Income: 520000
Apx Value of Cash: 200000
Business Type
Health Services: 1
Pmt & Rate Info
Equity: 8999900
Down Payment %: 15
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Other: 1
See Private Remarks: 1
Type of Lease
None: 1
Form of Ownership
Limited Liability Co: 1
Sale Price Includes
Goodwill: 1
Equipment: 1
Inventory: 1
Real Estate: 1
License(s): 1
Cvnt not to Compete: 1
Mgmt Consult Agrmt: 1
Other - See Remarks: 1
Lease Information
None: 1
Hours of Operation
7 Days/Week: 1
Business Age
10+ Years: 1
Heating
Ceiling: 1
Electric: 1
Current Ownership
10+ Years: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Expenses Include
Utilities: 1
Insurance: 1
Advertising: 1
Accounting: 1
Legal: 1
Supplies: 1
Taxes - Real Estate: 1
Taxes - Payroll: 1
Licenses: 1
Equipment Rental: 1
Repairs: 1
Payroll: 1
Telephone: 1
Owners Draw: 1
See Remarks: 1
Business/Tenant Pays
Gas: 1
Electricity: 1
Water: 1
Sewer: 1
Trash: 1
Capital Improvements: 1
Fire Ins - Building: 1
Liability Insurance: 1
See Remarks: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Off Street: 1
See Remarks: 1
Electric
APS: 1
City Electric: 1
Underground: 1
Individual Meter: 1
Gas
Natural Gas: 1
SW Gas: 1
City Gas: 1
Underground: 1
Individual Meter: 1
New Financing
Cash: 1
Cash to Loan: 1
Conventional: 1
SBA: 1
Owner May Carry: 1
1031 Exchange: 1
Current Financing 1
Conventional: 1
Current Financing 2
Treat as Free & Clr: 1
Current Financing 3
Treat as Free & Clr: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 623-476-5450
Contract Info
Current Price: $8,999,900
List Price: $8,999,900
Status: Active
List Date: 2026-02-05
Location
House Number: 9900
Compass: E
Street Name: LUXURY ASSISTED LIVING
St Suffix: Boulevard
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85260
Zip4: 5907
County Code: Maricopa
Subdivision: DESERT WIND UNIT 2
Assessor Number: 217-26-233
Remarks Misc
Cross Street: 101 AND CACTUS
Directions: WILL BE DISCLOSED WITH NDA
Geo Lat: 33.593604
Geo Lon: -111.870032
Income Expenses
Net Operating Income: 560000
Property Features
Business Type: Health Services
Form of Ownership: Limited Liability Co
Sale Price Includes: Goodwill; Equipment; Inventory; Real Estate; License(s); Cvnt not to Compete; Mgmt Consult Agrmt; Other - See Remarks
Lease Information: None
Hours of Operation: 7 Days/Week
Type of Lease: None
Business Age: 10+ Years
Current Ownership: 10+ Years
Expenses Include: Utilities; Insurance; Advertising; Accounting; Legal; Supplies; Taxes - Real Estate; Taxes - Payroll; Licenses; Equipment Rental; Repairs; Payroll; Telephone; Owners Draw; See Remarks
Source of Fincl Data: Owner
Parking Features: Free; Parking Lot; Private; Paved; Off Street; See Remarks
Electric: APS; City Electric; Underground; Individual Meter
Gas: Natural Gas; SW Gas; City Gas; Underground; Individual Meter
Water Source: City Franchise
Sewer: Sewer - Public
Heating: Ceiling
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Lockbox Type: Other; See Private Remarks
Current Financing 1: Conventional
Current Financing 2: Treat as Free & Clr
Current Financing 3: Treat as Free & Clr
New Financing: Cash; Cash to Loan; Conventional; SBA; Owner May Carry; 1031 Exchange
Environmental: None
Supplements
The property offers proximity to Loop 101 and close adjacency to HonorHealth Scottsdale Shea Medical Center, making it ideally positioned for health care operators.
This luxury assisted living campus is offered for sale as real estate and a business, featuring approximately 16,000 square feet across a thoughtfully designed complex. The property includes 21 full-size bedrooms and 22.5 full-size bathrooms with walk-in showers, three large commercial-grade kitchens, five laundry rooms, multiple patios, serene outdoor walkways, and a central courtyard surrounded by covered patios, creating a safe and tranquil environment for residents. Additional amenities include a medication and supply room, a large administrative office, a dedicated rehab and workout room, an on-site beauty salon, and two casitas, along with private living quarters suitable for live-in.
The building is divided into three distinct sections, including a 7,000squarefoot assisted living care home with 13 bedrooms and 13.5 bathrooms, a 4,200squarefoot casita with four bedrooms and five bathrooms, and a 3,000squarefoot structure featuring an upstairs apartment, downstairs bedrooms, and a garage with four bedrooms and four bathrooms. The property is licensed for 10 beds, with the ability to increase capacity to 16 residents at no additional cost, providing immediate upside potential for operators.
Listing Office: Prestige Realty
Last Updated: February - 13 - 2026
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