MLS® ID: 18-1914

515 State St

SANTA BARBARA, California, 93101

$4,250,000 Active
  • - SQFT
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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Listing courtesy of Berkshire Hathaway Home Services California Properties

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    93101
  • Office name
    Berkshire Hathaway Home Services California Properties
  • SQFT
    0
  • Property type
    Commercial
  • Year built
    0
  • Agent name
    Mitch Stark
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    199500113
  • Agent ID
    199500824

Location

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