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| Type: | Commercial |
| Address: | 4541 Sawa Circle, Juneau, AK, 99801 |
| Bedrooms: | 9 |
| Bathrooms: | 10.0 |
| Year Built: | 1984 |
| Sq. Footage: | 5500.0 |
| Price/Sqft: | $327.27 |
| Property Tax: | new! $22,391 
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| Price: | $1,799,995 |
| Sale Type: | Expired Listing |
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Additional features: Floors: 3, Garage size: 1.0, School district: Mendenhall River, Features: Waterfront, Fireplace, Carpeted Floors, Spa/Jacuzzi
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very successful, well established hospitality and travel businessxa0in beautiful location
Inn Location: Juneau, Alaska’s capital city, and major tourism destination. The Inn is in a semi-rural area, adjacent to a river walk greenbelt trail, Tongass National Forest Recreation area, lakes, trail system, and bike paths to the glacier.
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About Juneau area: Juneau was named #11 in the U.S. Best Places to Live, Best Places to Retire, due to its enviable lifestyle, mild climate, easy access to recreation and nature, highly educated population, low taxation, low crime, low traffic, clean air, & good economy. A great place to live, work and play.
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Special:xa0 Alaska's Only AAA Four Diamond and Select Registry property. Great web position. Intimate wedding/honeymoon destination.xa0 Featured in 1,000 Places to See Before You Die. Hundreds ofxa0media recognitions and awards.xa0
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MAIN ADVANTAGE:xa0 A main advantage of this property/business: it’s large enough to realize significant net cash flow for the owner and/or manager (ie. $315,000 after expenses in 2008), and small enough to manage independently or with minimal assistance, optimize profit and minimize effort. The other main advantage is its location & high demand, plus tax benefits.
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Bedroom/Suites:xa0xa0 9 Bedrooms, 10 baths total.xa0 Currently 7 units used for guest rentals: includes 5 private guest efficiency studio/demi-suites at the Inn,xa0 plus 2 off-site one-bedroom guest condos, plus 2 bedroom + office in owners home. All with private entrances, sleeping and living spaces, kitchens or kitchenettes and private baths. Inn guest rooms offer fireplaces (5), Jacuzzis (3), and most with water view deck or forest/garden views.
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Acreage: 1 acre, professionally landscaped gardens (which have appeared in Sunset and other magazines), complete with waterfall, fountains, dock, in the wooded rainforest. Inn is perched on small, private lake, dock, surrounded by mountain, glacier and forest views, and regularly visited by wildlife (eagles, ducks, ravens, porcupines). Major trail systems and rivers within walking distance. Located in a quiet rural neighborhood on a small lake, next to a greenbelt, and a few hundred yards from the river.
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Building & Other improvements.xa0 About 5,500 sf building space (5 guest rooms, public areas and separate private owners home, plus 2 condos). Public areas includes Atrium/business center/reception area. Wi-Fi and high speed internet throughout. Recently remodeled & updated.
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Owners Home: Newly renovated, quality home on-site.
Photos: xa0http://picasaweb.google.com/pearsonspondxa0 see owners home at end.
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Websites: www.pearsonspond.com; www.juneau-guide.com; www.alaska-juneau.com
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Offering: $1,850,000 (MAI appraised value) to qualified buyers with cash or bank financing.xa0 An excellent investment for a strong business with room to grow.xa0 Income capitalization value @ 11%% is $2,425,767. Offered Turnkey with furnishings, fixtures, inventory, existing reservations (less service commissions), transferable tour and supplier contracts, client list, media contacts, websites, professional photography, quality assurance specifications, training.
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Revenue:xa0 Sales from all divisions and packages continue to grow annually. Gross sales in 2008/7/6 were $ 583,616, $xa0581,159 and $ 552,364. Growth continued due to market positioning, quality awards, loyalty & high demand.
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Cash flows and net operating income: Cash flows continue year round, balanced between year round occupancy, advance deposits and summer payment balances. Net operating income in 2008/7/6 were $xa0315,000, $284,000, $236,430. Average five-years net operating income through 2008:xa0 $ 245,625. "Net operating income" computed after taking all expenses, including housekeeping, maintenance and innkeeping costs. Additionally, owners enjoy an updated lakeside home, large savings and income, as well as big tax benefits.
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FOR MORE INFORMATION ON THIS LUXURY INN & ADVENTURE SPA, email or call us at 907-789-3772. Pre-qualification and Confidentiality Agreement apply. Be aware that bank financing may require a downpayment of approximately $ 650-750,000.
Features: Appliances Included, Patio/Balcony, Bonus/Great Room, Covered Parking, Central Heating, Deck/Porch, Furnished, Garage, Jetted Bathtub, Lakefront, Mother-in-Law Apartment, Office/Den, Active Adult, Tile Floors, View.
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