Description
Fully net leased investment in Downtown Santa Barbara. Ground level commercial condominium in Paseo Chapala, leased to Lux Nails and Spa through 4/2025. Tenant has enjoyed success in the location for over 10 years. Rare opportunity to buy high quality construction in the heart of downtown Santa Barbara fully leased to a stable tenant. 4.5% cap rate on existing income. Common covered parking, common ADA restrooms, high ceilings, multiple entries, and attractive improvements.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Fully net leased investment in Downtown Santa Barbara. Ground level commercial condominium in Paseo Chapala, leased to Lux Nails and Spa through 4/2025. Tenant has enjoyed success in the location for over 10 years. Rare opportunity to buy high quality construction in the heart of downtown Santa Barbara fully leased to a stable tenant. 4.5% cap rate on existing income. Common covered parking, common ADA restrooms, high ceilings, multiple entries, and attractive improvements.
© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-03-02T18:47:12.867. 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 2021-03-02T18:47:12.867.