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$ 850,000
Est. payment /mo
Active
1525 State ST Street Santa Barbara, CA 93101
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-2804
Property Sub-Type Commercial
Source Santa Barbara Multiple Listing Service
Property Description
Attractive investment opportunity under a million dollars in the heart of Santa Barbara's
professional district. Suite 104 consists of two adjacent office condos being sold together, totaling approximately ±2,286. The space is fully leased to a stable tenant with one year remaining on the current term and two (3-year) options to renew at market rent. The suite has been recently renovated and includes four dedicated parking spaces, a rare amenity in this location. With a current cap rate of 7.23%, this offering provides reliable cash flow and future flexibility. An ideal option for an investor seeking passive income today, with the potential for owner-user occupancy down the road if the tenant vacate.
professional district. Suite 104 consists of two adjacent office condos being sold together, totaling approximately ±2,286. The space is fully leased to a stable tenant with one year remaining on the current term and two (3-year) options to renew at market rent. The suite has been recently renovated and includes four dedicated parking spaces, a rare amenity in this location. With a current cap rate of 7.23%, this offering provides reliable cash flow and future flexibility. An ideal option for an investor seeking passive income today, with the potential for owner-user occupancy down the road if the tenant vacate.
Location
State CA
County Santa Barbara
Others
Tax ID 027-570-007
Listed by Radius Group Commercial R.E.
