5336 Overpass Rd

    Goleta, CA 93111
    • $1,495,000
    • STATUS: Active
    • ON SITE: 149 days
    • MLS #: 18-3875
    UPDATED: 22 min ago
    $1,495,000
    • 0
      BEDS
    • 0.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,660
      SQFT
    • $321
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Listing provided courtesy of Hayes Commercial Group.

    Description

    This industrial building is NNN-leased to Rayne Dealership Corporation, a regional operator of water treatment systems for residential and commercial use. The lease runs through September 30, 2023 and contains annual increases equivalent to the change in Consumer Price Index (which measures inflation). It includes two (2) five (5) year options to extend the lease at fair market value -- the tenant's significantinvestment in infrastructure provides an incentive to stay at the property long-term. As a result, this is an opportunity to own a hard-to-replace property that will benefit from inflation.

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    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-03-24T12:47:07.04. 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 2019-03-24T12:47:07.04.
    www.theziagroup.com/homes/88846521

    5336 Overpass Rd Goleta, CA 93111

    • Price: $1,495,000
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 18-3875
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.75
    Acres
    4,660
    SQFT
    $321
    $/SQFT
    Neighborhood:
    SB/Gol South
    County:
    Santa Barbara
    Area:
    SB/Gol South
    Property Description
    This industrial building is NNN-leased to Rayne Dealership Corporation, a regional operator of water treatment systems for residential and commercial use. The lease runs through September 30, 2023 and contains annual increases equivalent to the change in Consumer Price Index (which measures inflation). It includes two (2) five (5) year options to extend the lease at fair market value -- the tenant's significantinvestment in infrastructure provides an incentive to stay at the property long-term. As a result, this is an opportunity to own a hard-to-replace property that will benefit from inflation.
    Property Features

    Cross Street Patterson Ave Deposit 0.00 For Sale Or Lease For Sale Gross Square Feet 4660.00 Not Rented Square Feet 4660.00 Offices 0 Terms Other Type Commercial Zoning M-1

    Listing information © 2019 Santa Barbara MLS
    Listing provided courtesy of Hayes Commercial Group.



    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-03-24T12:47:07.04. 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 2019-03-24T12:47:07.04.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Hayes Commercial Group.