Carrick Sears, Senior Investment Advisor in the Phoenix office of Sperry Van Ness, negotiated the $700,000 sale of Full Circle Ranch Bed & Breakfast Inn at 40205 N. 26th St. in Cave Creek.
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 two casitas and four 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, just north of Phoenix, 20 minutes from Carefree and borders Scottsdale.
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.” says 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 second week of September and already have a wedding booked on the property in late October.”