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111 E Victoria St
Santa Barbara, CA 93101
Trophy UCLA | 10 Yr NNN | $240k Buyside Fee · Office Property For Sale
Investment Highlights
- “AA” INVESTMENT GRADE CREDIT TENANT – The Regents of The University of California holds an “AA” credit rating from S&P/Fitch.
- PASSIVE NNN LEASE STRUCTURE – UCLA executed a long-term NNN lease, providing passive cash flow and wealth security
- RECESSION PROOF OPERATOR & INVESTMENT – UCLA Health and the healthcare industry as a whole, fared exceptionally well through 2008 and 2020.
- BRAND NEW TROPHY UCLA INVESTMENT – UCLA has chosen this location as a strategic entry point into downtown Santa Barbara
- EXTENSIVELY RENOVATED STATE OF THE ART BUILDING – ~$8 million in renovations is being spent in improving the interior of the property
- PROPERTY TAX EXEMPTION – Any property leased by the University can be exempt from property taxation, according to the California Revenue Taxation Code
Property Facts
Property Type
Office
Property Subtype
Building Size
21,970 SF
Building Class
B
Year Built/Renovated
2007/2022
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
7,323 SF
Building FAR
1.87
Lot Size
0.27 AC
Zoning
C-G - C-G (Commercial General)
Parking
39 Spaces (1.78 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Roof Terrace
- High Ceilings
Property Taxes
| Parcel Number | 029-071-023 | Improvements Assessment | $10,750,820 |
| Land Assessment | $2,334,657 | Total Assessment | $13,085,477 |
Property Taxes
Parcel Number
029-071-023
Land Assessment
$2,334,657
Improvements Assessment
$10,750,820
Total Assessment
$13,085,477
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