Bar A Ranch



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Property Details:

• Asking Price $8,500,000- The Property is not being actively marketed yet because of divorce finalities.
• 20 Acres - about 10 - 15 minutes away from West World in Scottsdale with Frontage on a major road (a nice entrance on the frontage may attract business?)
• High Grade Main Enclosed Barn with 36 Stalls- 6 Stalls are 12 x16, the Rest Are 12 x 12. The main barn also has an office with a kitchen, several tack rooms, 4 full grooming bays with showers, and a small lab.
• Huge 120'x240' (verified 6/17) Covered Arena with Lighting, PA System, and Mister System
• Seperate High Grade Stud Barn with 13 Stalls
• Mare Motel with 12 12x16 stalls and two12x12 stalls
• Several Turn Out Pastures/Paddocks with watering systems or irrigation for grass. 3 pastures have 2 stalls each as well.
• 3300 Square Foot Home- 3 bed/ 2 bath w/ 3 car garage and pool
• 1400 Square Foot Home 2 bed/1 bath
• Oversized Garage with 3 bays and a small living quarter with shower
• Covered Feed Barn has a Cement Floor and a Garage Bay
• High Grade Security Camera's Through Out the Facility
• Main office could also be a living quarters. It includes a Waiting area, Kitchen, Bathroom, and 2 office rooms
• 2 outside showers
• A couple circle pens
• Ingress and Egress- Electronic gate on south side directly to property off of main road. Electronic gate off of dirt road to the west where workers come into the facility.
• Equine Hospital is right down the road

Highlights:

The property is A+. It will take minimal maintenance because of all the auto systems and the high grade construction. The watering system for the horses is automatic and so are some of the pasture sprinklers. Almost all of the pastures/paddocks have irrigation or sprinklers and and at one time had grass in them. The owner stopped keeping them up when the divorce started happening. The barns are of a high grade and the main barn could easily of cost 1.5 million itself. It is of much higher quality than Rancho Palmira. The house is very nice, it is located a ways away from the horses, and has it's own entrance if needs be. The vegetation is very plush for Arizona with mountain views. Location is ideal near other prestigious horse farms and with a Scottsdale address. The sellers are motivated as they are going through a divorce. We can definately work with price on this one. It is well worth the $8.5 Million, but I would try for $6-$7 Mil (updated 6/17) with the knowledge that we are in a depressed market and it is fair to get a good deal.

Side Note: I know I told you acreage properties in Scottsdale were going for $500-$600 an acre. That is in the middle of Scottsdale with a house on 1 acre. These horse farms that are in the north part of Scottsdale can usually only be divided into 5 acre parcels and are going for about $300,000 an acre. Some smaller 5 acre properties have sold as low as $240,000.

 

Expenses:

Bar A Ranch- These numbers were gathered from the owner or my own contacts. If we get more serious the owner would be willing to share their profit/loss information. The facility has around 30 or so horses on the facility right now

• Utilities- $800/month during the winter and $2,200/month in the summer
• Feed- Approximately $180/month per horse ($280-$300/ton for timothy, $160-$200/ton for alfalfa and bermuda)
• Trainers/Managers cost between $60K - $100K a year. I already have a few contacts that have trainers/managers willing to interview for the position
• Taxes- $13,000- $20,000 yearly
• There were a couple farm hands, a groomer, and a trainer working on the facility. The owner manages the place and the trainer is separate. I wasn't able to speak to the owner about if the trainer was willing to stay on and possible manage the place (I didn't want to ask because the owner said she would be willing to manage, but not train so I didn't want to shoot her down)
• Other costs not figured yet- Insurance (Rancho spends $8000/year on insurance for their 100 horses), Veterinarian, farm hands ($10/hr), groomers
  

Commissions:

3.% for a $8,500,000 List Price
4.5% for a $8,630,000 List Price

 

 

 

All numbers are estimates but are deemed reliable. Buyer to verify all facts.