1001 State St
Santa Barbara, CA 93101
Retail Property For Sale

WORLD CLASS TENANT • New 10 Year NNN Lease With Amazon, One Of Strongest Companies In The World • Amazon Corporate Guarantee. The Guarantee Is Structured So The Entire 10 Years Of Initial Term is Guaranteed; One Of The Strongest Rental Guarantees Amazon Has Ever Agreed To. •Built in 2.5% Annual Increases and a NNN Lease which allows for Property Management Fee Reimbursements Creates An Ease of Management Investment With Tremendous Rental Growth. • Amazon Purchased Santa Barbara Based Tech Company Graphiq For Approx. $50 Million in 2017 & Invested In A $50 Million Series B Fund in Santa Barbara based Trackr To Strengthen Amazon Alexa Technology. 1001 State Street Will Serve as Headquarters For The Amazon Alexa Team. Alexa is a crucial part of Amazon enabled devices which make up 84% of the companies revenue. • Amazon Invested +/- $300/SF (+/- $14,000,000) Into Building Improvements, Demonstrating A Long Term Commitment To The Asset. IRREPLACEABLE LOCATION • Main on Main Corner Location on Iconic State Street Within The Central Business & Retail District of Downtown Santa Barbara. • Intersection Of State & Carrillo Street Is A Primary Entrance To Downtown Santa Barbara From The 101 Fwy. TECH RENAISSANCE •Downtown Santa Barbara Has Emerged As a Hub For Technology Companies Over The Past 12 Years Which Has Promoted Mixed Use Development & Instilled Economic Vitality To The Area. • Over 70 technology companies call downtown home. • Downtown offers a walkable, amenity rich environment for tech employees = lifestyle benefit. • Amazon, Sonos, LogicMonitor, Tapjoy, and Honey Science are the latest major additions to the burgeoning tech scene. SYNERGY • One (1) Block From 458,000 SF Paseo Nuevo Mall ($20 Million Dollar Renovation By Pacific Retail Partners & J.P. Morgan Asset Management), An Iconic Downtown Santa Barbara Shopping Destination. • The Neighboring Landmark Carrillo Building just underwent a $1 Million Dollar Mixed Use Renovation. The Turnkey Suites Are Now Leasing To Office, Retail, & Restaurant Users. FUNCTIONALITY • Over $20,000,000 of Capital Upgrades Spent On Property Over Past 14 Months. • Superstructure Is A Steel Reinforced Concrete Frame. • Rare Private On Site Parking Field, Adjacent 154 Stall Public Lot + 1,197 Public Stalls Within 1 Block = Abundance of Convenient Parking Options. • Unmistakable Building Identity With Timeless Highly Improved Architecture On Display Via 100 Feet Of Frontage On State Street & 200 Feet Of Frontage On Carrillo Street + Four (4) Entrances.