3516 State St | Santa Barbara, CA 93105
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
3516 State St
Santa Barbara, CA 93105
Beyond / Hello: Cannabis Dispensary · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Location, Opened for Business in 2020
- 2.25 Percent Annual Rent Increases Throughout the Base Term and Option Periods
- Well Above Average Annual Household Income of $136,694 in One Mile, $131,328 in Three Miles, and $135,909 in Five Miles
- Blended Cap Rate of 7.93% During Base Lease Term
- High Barrier of Entry: One of Only Three Recreational Dispensaries Currently Operating in the City of Santa Barbara
- Jushi Spent Approx. $5.2 Million for the Acquisition of the Cannabis Retail License and Approx. $1.26 Million on Tenant Improvements
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,467 SF
Building Class
B
Year Built/Renovated
1955/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.15 AC
Zoning
C2SD2 - Commercial
Parking
16 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
49’ on State St
AMENITIES
- Signage
- Accent Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 053-313-011 | Improvements Assessment | $1,493,756 |
| Land Assessment | $1,894,256 | Total Assessment | $3,388,012 |
PROPERTY TAXES
Parcel Number
053-313-011
Land Assessment
$1,894,256
Improvements Assessment
$1,493,756
Total Assessment
$3,388,012
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
