515 State St

    Santa Barbara, CA 93101
    • $4,250,000
    • STATUS: Active
    • ON SITE: 174 days
    • MLS #: 18-1914
    UPDATED: 27 min ago
    $4,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.

    Description

    Santa Barbara Trophy Single Tenant NNN Leased Investment! Prime State St Location with approximately 50' of frontage! Rare ''street to street'' 10,000 SF parcel with 17 parking spaces in rear accessed off of Fig St. The building consists of 4,120 square feet, beautifully remodeled in 2013, with recessed patio/bar and open ceiling plan. ADA compliant restrooms at time of construction and fire sprinklered. Excellent seasoned Tenant - Paxti's Pizza, with 17 locations. Over 5 years remaining on lease plus options. 4.20% Cap Rate on in place income plus annual increases.Value add potential with future additional development possibilities.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-11-16T20:47:04.367. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-11-16T20:47:04.367.
    www.theziagroup.com/homes/83976674

    515 State St Santa Barbara, CA 93101

    • Price: $4,250,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 18-1914
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    SB/West of State
    County:
    Santa Barbara
    Area:
    SB/West of State
    Property Description
    Santa Barbara Trophy Single Tenant NNN Leased Investment! Prime State St Location with approximately 50' of frontage! Rare ''street to street'' 10,000 SF parcel with 17 parking spaces in rear accessed off of Fig St. The building consists of 4,120 square feet, beautifully remodeled in 2013, with recessed patio/bar and open ceiling plan. ADA compliant restrooms at time of construction and fire sprinklered. Excellent seasoned Tenant - Paxti's Pizza, with 17 locations. Over 5 years remaining on lease plus options. 4.20% Cap Rate on in place income plus annual increases.Value add potential with future additional development possibilities.
    Property Features

    Condition Excellent Cross Street Haley Deposit 127500.00 For Sale Or Lease For Sale Offices 0 Parking Reservd Terms CashCtnl Type Commercial Use Restaurant Zoning C-M

    Listing information © 2018 Santa Barbara MLS
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.



    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-11-16T20:47:04.367. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-11-16T20:47:04.367.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.