Ca

pita

l Ma

rkets |

Au

ction

Se

rvices

CBRE Online Auctions

O N L I N E AU C T I O N : : F E B R UA RY 2 7

SUGGESTED OPENING BID :: $500,000

BANK DIRECTS SALE OF UNIQUE DESERT OASISCASTLE HOT SPRINGS | YAVAPAI COUNTY, AZ NEAR PHOENIX AND LAKE PLEASANT

:: BROCHURE

CA

ST

LE

HO

T S

PR

ING

S |

YA

VA

PA

I CO

UN

TY, A

RIZ

ON

A

INVESTMENT HIGHLIGHTS

• ±210 acre secluded desert oasis originally estab-lishedin1896asArizona’sfirstresort

• Unique 118° hot springs produce ±180,000 gallons of water per day

• Wide variety of potential uses as a resort hotel, well-ness center, corporate or religious retreat, exclusive residential compound and more

• Fantastic location near Phoenix with ±340 days of sunshine per year and average temperatures of 72° F

T H E O F F E R I N G

On Thursday, February 27th, 2014, CBRE Auction Services is pleased to present for auction the historic Castle Hot Springs, a unique 118° natural hot spring and former world class resort located near Phoenix in Yavapai County,Arizona.ThisintriguingopportunityisnestledintheshadowsofBradshawMountains,fivemilesfromLake Pleasant. In addition to the hot springs that produce approximately 180,000 gallons of water every day, the ±210 acre desert oasis features ±550 majestic 100-year old palm trees, a ±4,800 square foot administra-tive building, and ±2,000 square foot three-bedroom guest house with one maintenance building and stables. Recreational activities include tennis courts, a ±125,000 gallon swimming pool, jogging, hiking, horse riding trails, rock climbing and many other outdoor activities.

Listed on the National Register of Historic Places, the desert oasis dates back to 1896 and was a popular desti-nation for America’s most prominent families such as the Roosevelts, Vanderbilts, Wrigleys and Astors.

Click to View Castle Hot Springs Video

County: Yavapai

State: Arizona

Location: Latitude +33.982770

Longitude -112.361060

Parcel ID: 204-02-038A ±4.73 AC

204-01-002A ±38.37 AC

204-01-002B ±124.45 AC

204-01-006F ±40.67 AC

204-01-010H ±2.34 AC

Total Acerage: ±210.56

Buildings: ±4,800 SF Administrative Building

±2,000 SF 3-Bedroom Guest House

Maintenance Building

Stables

Facilities: ±,125,000 gallon swimming pool

Tennis courts

118° natural hot springs

P R O P E R T Y D E S C R I P T I O N

Ca

pita

l Ma

rke

ts | A

uctio

n S

ervice

s

© 2014 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. WhileCBRE, Inc. does not doubt its accuracy,CBRE, Inc. has not verified it andmakes no guarantee, warranty orrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by yourtax,financialandlegaladvisors.Youandyouradvisorsshouldconductacareful,independentinvestigationoftheproperty to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written content of the owner is prohibited. CBRE and theCBRElogoareservicemarksofCBRE,Inc.and/oritsaffiliatedorrelatedcompaniesintheUnitedStatesandothercountries. All other marks displayed on this document are the property of their respective owners.

+1 800 815 1038For more information please visit our website at

www.cbre.com/auctionservices

SEE. BID.OWN.C A S T L E H OT S P R I N G S : : YAVA PA I C O U N T Y, A Z

AU C T I O N DAY

The property will be offered “With Reserve” in an online auction format. The auction will occur on

Thursday, February 27th, 2014

Thursday, February 27th Bidding Starts – 1:00pm CT Biddingd Ends – 3:00pm CT

P R O P E R T Y I N S P E C T I O N

The property will be available for inspection at 10:00am local time, on the following dates:

Feb 12th | Feb 20th

Please note: All property inspections require registration and begin promptly. Please arrive at the designated meeting place a few minutes early to complete the required inspection registration form. To register for a property inspection or for any questions please call CBRE Auction Services at +1 800 815 1038. CBRE Auction Services represents the Seller in this transaction. Do not contact the Seller directly.

D O C U M E N T C E N T E R

ADocumentCenter hasbeenmadeavailable for your convenience to review theavailableproperty specific information.The Document Center contains property information which typically includes: Purchase and Sale Agreement, Preliminary Title Commitment, Tax Bills, Environmental Report and other pertinent property information. All bidders are required to purchase access to the Document Center as a condition of the auction. The Document Center access fee is $25 and may be paid by credit card on the auctioneer’s website at https://www.cbremarketplace.com/castlehotsprings. Bidders will be required to execute a document indicating that, among other things, they have purchased access to the Document Center and have had the opportunity to review the items contained therein.

I N I T I A L E A R N E S T M O N E Y

In order to be eligible to bid, all bidders are required to present the Initial Bidding Registration Deposit in advance by wire transfer, cashier’sorcertifiedcheckintheamountof$50,000madepayabletothetitleinsurancecompanyindicatedinthePurchaseandSale Agreement. Additional earnest money may be required from the purchaser. Please review the Purchase and Sale Agreement, available in the Document Center, for more details.

B R O K E R PA R T I C I PAT I O N

BrokerparticipationisinvitedandrequiresadherencetothespecificregistrationrequirementsasoutlinedintheTermsandConditions of the Auction. Please review the Terms and Conditions for more details.

AU C T I O N D I S C LO S U R E

The property is being offered on an “as-is, where-is” basis. Each bidder acknowledges that it is not relying upon any representation, statement or other assertion by the Seller, CBRE, Inc. or any of the agents, representatives or employees of any oftheforegoing,withrespecttotheconditionoftheproperty,squarefootage,acreageandfinancialinformation,butinstead,is relying upon the bidder’s own examination and investigation of the property. Please review the Terms and Conditions of the Auction for more details.

27FEB