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Prime Santa Barbara Funk Zone Property
Santa Barbara, CA Lower State

$3,600,000 USD

General Retail For Sale • 4,000 SF

1 Properties View all

Property Details

Property Type General Retail
Tenancy Single
Zoning OCHRC2S

40 Transit Score

60 Walk Score

                
                    Highlights
                
                                Cap rate on ground lease: 3.72%
                            
                                Cap rate on sublease rent: 7.15%
                            
                                Price per SF of land: $176
                            
                                NOI: $133,932
                            
                                Current occupant is paying $10,300/month over the base rent. For a total of approx. $21,460.75/month or $257,529/year.

Property Flyers

22 E. Montecito St & 227 Anacapa St | Santa Barbara, CA 93101

Amenities

Corner Lot
Monument Signage
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
	1 min	4 min	0.2 mi
Airport	Drive	Walk	Distance
Santa Barbara Municipal	15 min	-	10.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	20
Type:	Surface
Included in Rent:	Yes

Bob Tuler 805-879-9605 Radius Commercial Real Estate

Prime Santa Barbara Funk Zone Property Santa Barbara, CA Lower State