Former Country Inn & Suites Renovated as Senior Assisted Living and Memory Care

Phoenix,  Arizona – Deer Valley Senior Living has been completed at 20221 N. 29^th Ave.  The former Country Inn & Suites has been redeveloped as an upscale senior assisted living and memory care community.

Bruckal Development Corporation of Phoenix and Ridgeline Properties of Ann Arbor, MI purchased the hotel property in 2017 with plans to redevelop the property for senior living.

“The former hotel property was ideal for conversion into senior living that offers a boutique hotel style lifestyle,” says Steven Bruckal of Bruckal Development.  “The existing hotel suites offered sizable rooms for assisted living and the hospitality amenities on property were very appealing for the senior marketplace.  The existing building, combined with our unique design and quality staffing has created an environment that nurtures residents with respect and dignity while empowering care partners within a true sense of community.”

Deer Valley Senior Living is located at the intersection of Interstate 17 and the Loop 101.  The redeveloped property offers a total of 119 units, 15 of which are dedicated within a memory care neighborhood.  In addition to the studio and one-bedroom units, Deer Valley Senior Living offers an abundance of hotel-style amenities.  The dining room features traditional table dining accented with an open kitchen enhancing the dining experience.  A resort pool and spa area is surrounded by lush landscaping and extensive park-style lawn area.  The property features an outdoor gazebo and fireplace, putting green and private pet park.

The private-pay community offers full-service assisted living and memory care within a four-story building that totals 76,972 square feet of space.  Deer Valley Senior Living has already leased 15 of the units to local seniors.

The community’s memory care neighborhood offers a smaller, more intimate approach for residents experiencing Alzheimer’s dementia or other cognitive impairments.  The specially designed environment is paired with Ridgeline’s signature Moments program, providing the opportunity to create an interactive atmosphere for residents that supports freedom, dignity and choice.

Deer Valley Senior Living residences are available with a flexible, month-to-month affordable rental program.  Additional information can be found at DeerValleySenior Living.com.

Bruckal Development Corporation specializes in creation of apartment and senior living developments.  The company is seeking additional opportunities for development in the Metro Phoenix area.

TUCSON, ARIZONA — O’Reilly Auto Enterprises, LLC purchased a 42,154-square-foot lot near the southeast corner of Ajo Way and Kinney Road.  The seller was SEC Ajo & Kinney LLC, an affiliate of Glenwood Development of Mesa.

The land sold for $750,000 ($17.79 PSF) and will be used to construct a 6,300-square-foot O’Reilly Auto Parts store.

Debbie Heslop, CCIM, of Volk Company represented the buyer in the transaction.

The planned O’Reilly Auto Parts will be adjacent to a multi-tenant building under construction in the new retail project being developed by Glenwood Development Company.  Tenants of that planned retail building include Domino’s Pizza, Dairy Queen and Cricket.  Kevin Volk of Volk Company is the leasing agent of this property.

For more information, Heslop and Volk can be reached at 520.326.3200.

To learn more, see RED Comp #6466.

PHOENIX, ARIZONA – NAI Horizon represented the seller in the 1031 Exchange investment sale of an office building at 10240 W. Bell Rd., in Sun City, Arizona.

NAI Horizon Vice President Tom Bean, CCIM, and Associate Stan Matzinger, represented 10240 Bell Road Associates, LCC, a Washington limited liability company of University City, Washington, in the $2.195 million ($120 PSF) disposition.

The office building totals 18,258–square-feet and sits on 2.32 acres. Built in 1975, it features great access to the Loop 101 Agua Fria Freeway with frontage on West Bell Road. It also provides a convenient Sun City/Arrowhead location.

“The seller was motivated to move the property in 2018 due to tax consequences from another disposition in the state of Washington,” Bean said. “Our team worked diligently for more than a year to lease the majority of the vacancy and increased the occupancy to 91 percent from 74 percent to facilitate the sale at market terms.”

The buyer, Vintage Garden Properties, LCC, a California general partnership of Denair, California, acquired this property via a 1031 Exchange and was represented by John Oushana of HomeSmart.

A 1031 Exchange allows an investor to sell a property, reinvest the proceeds in a new property, and defer all capital gain taxes.