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- LoopNet Team
1428 Chapala St
Santa Barbara, CA 93101
Office Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 1428 CHAPALA ST , SANTA BARBARA, CA 93101
Free-standing fully-leased office/retail building on highly trafficked street in downtown Santa Barbara near South Coast Deli, The Public Market and Highway 101. The property, built in 1956, features an architecturally appealing entry and efficient layout that provides an inviting space for its long-standing tenant, Darin Jon Studios, and creates flexibility for future leasing. Price: $895,000 ($530 psf) Cap Rate: Approx. 4.8% (tenant pays increase in taxes over base year) Address: 1428 Chapala St, Santa Barbara Building Size: 1,688 sf Land Size: 1,742 sf Parking: Three spaces in shared lot, private and street parking nearby Zoning: C-2 Tenant: Darin Jon Studios Existing Rent: $4,233.41 Mod GR Utilities: Tenant pays all utilities Rent Increases: CPI, next increase 11/1/2018 Lease Start: 7/31/2002 Lease Expiration: 10/31/2019 Options: Two 1-year options at CPI HVAC: Maintained by tenant Inspections: CLA for reports To Show: CLA. Do not disturb tenant
PROPERTY TAXES
| Parcel Number | 039-071-016 | Improvements Assessment | $565,483 |
| Land Assessment | $495,519 | Total Assessment | $1,061,002 |
PROPERTY TAXES
