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1424 & 1426 State Street
1424 & 1426 State St., Santa Barbara, CA 93101
15,094 SF | Retail
Retail Property - Off Market
- Building Size:
- 15,094 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 2 years left on lease
- No. Stories:
- Year Built:
- Lot Size:
- 1.64 AC
- APN / Parcel ID:
- Parking Ratio:
- 3.80 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- Opportunity to acquire a rarely traded, commercial investment property in the highly desirable city of Santa Barbara, CA.
- Stable income property is 100% leased to internationally recognized credit tenants, Merrill Lynch and Sotheby' s International Realty.
- Historic State Street location, high barrier to entry city, and affluent trade area provide continued tenant interest correlating to high average offi
- State Street location, high barrier to entry, and affluent trade area provide continued tenant interest correlating to high average occupancy levels.
- Pride of ownership property offers Spanish architecture and extensively landscaped common areas, including sculpture and water fountain features.
- Strong trade area demographics with over 70,700 people with an average household income over $87,700 within a 2 mile radius.
PART OF A PORTFOLIO OF 12 CALIFORNIA COMMERCIAL PROPERTIES BEING OFFERED FOR SALE
THESE PROPERTIES MAY BE PURCHASED IN INCREMENTS OF ONE OR MORE
This Santa Barbara commercial property offers an investor an opportunity to acquire a rarely traded commercial property well located on the northern portion of historic State Street in the heart of downtown Santa Barbara, CA. 100% NNN leased to Internationally recognized credit tenants, Merrill Lynch and Sotheby' s International Realty, the two tenant commercial property offers an investor current stable cash flow, ease of management and pride of ownership. The lushly landscaped property consists of 15,094 SF of building GLA on 1.64 acres at the signalized intersection of State Street and Micheltorena Street. With over 295' of linear frontage on State Street, neighboring office, retail, education and church uses, the property attributes present a very desirable location for both office and certain retail/banking/restaurant type tenants.
The property is located on the NEC of State Street and Micheltorena Street, the main thoroughfare serving the city of Santa Barbara.
Map of 1424 & 1426 State St., Santa Barbara, CA 93101 (Santa Barbara County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, 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 your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO