Denver couple buys Full Circle Ranch B&B in Cave Creek

Real Estate | 18 Jul, 2014 |

Carrick Sears, Senior Investment Advisor in the Phoenix office of Sperry Van Ness, negotiated the $700,000.00 sale of Full Circle Ranch Bed & Breakfast Inn located at 40205 North 26th Street in Cave Creek, Ariz.

The buyers, Tom and Debby Kinsella, desired to relocate from Denver to the Southwest and chose Phoenix. Debby Kinsella has long known one of her gifts was hospitality, as she has always enjoyed being in charge of hospitality at her local church. When the couple decided to semi-retire, the thought of opening a bed and breakfast seemed like a perfect fit.

The Kinsella’s purchased the 2 casitas and 4 guest rooms known as Full Circle Ranch Bed & Breakfast Inn. This site is a one-of-a-kind oasis that is located in the Sonoran Desert and conveniently located just north of Phoenix, 20 minutes from Carefree and borders Scottsdale Arizona. This +/- 4,372 square foot property is near art galleries, fine wine selections, and several fine dining restaurants.

Raul Siqueiros, a residential realtor from Berkshire Hathaway, approached Sears and told him he had a buyer for a bed and breakfast and desired some commercial expertise. While normally a commercial broker offers a referral fee to the residential broker, and the commercial broker handles the transaction exclusively, given the unique situation of the property actually being a house, with the business, they agreed to work on it together and split the commission accordingly. Given the three-month long escrow, and complexities involved, having two brokers on the deal was helpful.

“What we thought would be a typical home purchase turned out to be a complicated endeavor but with Carrick and Raul’s guidance and expertise we are thrilled with our B&B purchase.” said Tom Kinsella. “There were tense moments during the negotiations but we were confident in our professional real estate team. My wife and I always felt that we were in good-hands during this whole transaction. We are both excited at this opportunity and are taking advantage of the slow summer booking season to “spruce” up the property and will be greeting guests at the Full Circle Ranch B&B in the 2nd week of September and already have a wedding booked on the property in late October.”

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