A 122 S Patterson Ave 30,895 SF 100% Leased Office Building Santa Barbara, CA 93111 $13,000,000 ($420.78/SF)

The offering includes two parcels, which may be sold separately, but ideally to¬gether. Patterson Professional Plaza is conveniently located near the Goleta Val¬ley Cottage Hospital, Highway 101 and is only 10 minutes from downtown Santa Barbara. With 5/1000 on-site parking, approximately 25,000 sf of surplus land, below market rents and 2-4 suites potentially available, this is a compelling value-add investment, condo conversion, redevelopment or owner-user opportunity.
PARCEL 034 — BUILDING C
APN,065-050-034
Building Size,11,468 sf
Buildings,1 two-story building
Land Size,46,174 sf (1.06 acres)
Coverage Ratio,25%
Zoning, OI (office and institutional)
Parking,59 spaces (5.1/1000)
Year,1984
Power,800 amps
Roofs, Replaced in 2009
Surplus Land, Possibly, if full redevelopment
# of Suites,4 (all occupied, but 2 can be available)
# of Tenants,3
Asking Price,$4,500,000
Price PSF,$392

PARCEL 033 — BUILDINGS A & B
APN,065-050-033
Building Size,19,427 sf
Buildings,2 two-story buildings
Land Size,98,881 sf (2.27 acres)
Coverage Ratio,20%
Zoning, OI (office and institutional)
Parking,100 spaces
(5.1/1000)
Year,1975
Power,100 amps (bldg A);
800 amps (bldg B)
Roofs, Replaced in 2009
Surplus Land, Common tennis court not being used, approximately 25k sf
# of Suites,14 (2 vacant)
# of Tenants,12
Asking Price,$8,500,000
Price PSF,$438 (includes surplus land)