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Waterline 120 Santa Barbara St 1,800 - 4,400 SF of Office/Retail Space Available in Santa Barbara, CA 93101
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 120C | 1,800-4,400 SF | Negotiable | $70.73 CAD/SF/YR $5.89 CAD/SF/MO $311,229 CAD/YR $25,936 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 120C
This Leasing Opportunity is a rare chance to secure a trophy position at the Waterline building in Santa Barbara’s famous Funk Zone. Zoning changes bring this space to the market for the first time and ownership has already secured necessary entitlements with the City and Coastal Commission for this space to be used for a restaurant, bar, creative office, etc. This +/- 1,800 SF indoor space will be accessible by a new and dedicated entrance to the building and is adjacent to a +/- 2,600 SF patio space which is one of the most highly visible spaces in the Funk Zone. A development of the patio includes the possibility of additional structures and a bespoke interior build-out that is tailored perfectly to the occupant’s use. The larger project is home to other long-term tenants such as Topa Topa Brewing, Lama Dog Taproom, Fox Wine, and The Nook restaurant.
- Lease rate does not include utilities, property expenses or building services
- Fits 5 - 36 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Waterline
- Tenant
- Description
- US Locations
- Reach
- Fox Wine Co.
- Restaurant
- 1
- Local
- Lama Dog
- Accommodation and Food Services
- -
- -
- The Nook
- Accommodation and Food Services
- -
- -
- Topa Topa Brewing
- Other Retail
- 2
- Local
| Tenant | Description | US Locations | Reach |
| Fox Wine Co. | Restaurant | 1 | Local |
| Lama Dog | Accommodation and Food Services | - | - |
| The Nook | Accommodation and Food Services | - | - |
| Topa Topa Brewing | Other Retail | 2 | Local |
Property Facts
| Total Space Available | 4,400 SF | Gross Leasable Area | 4,750 SF |
| Min. Divisible | 1,800 SF | Year Built/Renovated | 1925/2016 |
| Property Type | Retail | Parking Ratio | 10/1,000 SF |
| Total Space Available | 4,400 SF |
| Min. Divisible | 1,800 SF |
| Property Type | Retail |
| Gross Leasable Area | 4,750 SF |
| Year Built/Renovated | 1925/2016 |
| Parking Ratio | 10/1,000 SF |
About the Property
The Waterline is a long-standing staple of Santa Barbara’s Funk Zone. This is an opportunity to build out and lease a new landmark space never before available due to changes in local parking requirements. The Waterline is home to long-term tenants such as Topa Topa, Lama Dog, The Nook, and Fox Wine, and this new space would convert a short-term office rental space into an indoor/outdoor bar, restaurant, or expansive creative office space. An adjacent +/- 2,600 SF outdoor space is available to be built out as a flexible outdoor space or patio with the possibility of building additional structures as desired.
Nearby Major Retailers
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Waterline | 120 Santa Barbara St
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