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125 E Victoria St
Santa Barbara, CA 93101
Office Property For Sale
Executive Summary
Rarely available fully leased multi-tenant NNN investment opportunity priced at a 6 CAP on existing income in one of downtown Santa Barbara’s best locations. This two-story office project is proximal to the Santa Barbara Courthouse, Granada Theatre, county administration buildings, and the excellent restaurants and amenities of the downtown arts & theatre district.
Price $5,750,000
CAP Rate 6.00%
Occupancy 100%
Annual NOI Approx. $345,500
Building Size 8,564 SF
Land Size 14,374 SF
Zoning C-G
APN 029-071-009
Parking 18 spaces, incl. 5 secure garages
Restrooms 2 common sets, private in Ste. H
Kitchenettes In Suites A, B, I, and L
Elevator Yes
HVAC Yes
Upgrades Flat roofs replaced in 2019, HVAC on Bldg A replaced in 2019, landscaping, restrooms and multiple suites updated in last 5 years
Price $5,750,000
CAP Rate 6.00%
Occupancy 100%
Annual NOI Approx. $345,500
Building Size 8,564 SF
Land Size 14,374 SF
Zoning C-G
APN 029-071-009
Parking 18 spaces, incl. 5 secure garages
Restrooms 2 common sets, private in Ste. H
Kitchenettes In Suites A, B, I, and L
Elevator Yes
HVAC Yes
Upgrades Flat roofs replaced in 2019, HVAC on Bldg A replaced in 2019, landscaping, restrooms and multiple suites updated in last 5 years
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,564 SF
Building Class
C
Year Built
1966
Price
$7,928,905 CAD
Price Per SF
$925.84 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,282 SF
Building FAR
0.60
Lot Size
0.33 AC
Zoning
C-G - Commercial
Parking
18 Spaces (2.1 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 029-071-009 | Improvements Assessment | $2,076,612 CAD |
| Land Assessment | $3,768,668 CAD | Total Assessment | $5,845,280 CAD |
Property Taxes
Parcel Number
029-071-009
Land Assessment
$3,768,668 CAD
Improvements Assessment
$2,076,612 CAD
Total Assessment
$5,845,280 CAD
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