9900 E LUXURY ASSISTED LIVING Boulevard, Scottsdale, AZ 85260 (MLS# 6980286)

9900 E LUXURY ASSISTED LIVING Boulevard, Scottsdale, AZ 85260

$8,999,900

Property Type: Business Opportunity Square Footage: 16,000 Lot Size (sq. ft.): 33,562 Status: Active

Current Price: $8,999,900 Last Modified: 2/10/2026

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.

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.

More Information MLS# 6980286

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

Listing Office: Prestige Realty

Last Updated: February - 10 - 2026