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3609-3617 State St
Santa Barbara, CA 93105
Ontare Plaza · Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Premier, well-maintained retail center located in the preferred Upper State Street trade area within the exclusive San Roque neighborhood.
- Surrounded by high-end residential communities, including multi-million-dollar homes, supported by superior demographics.
- Highly accessible site near Highway 101 with strong visibility, featuring average daily traffic of 24,000 on the street and 135,000 on the 101.
- 100% occupied, stabilized, cash-flowing asset with long-term, service-oriented tenants, many of whom have operated in the center for 20–40 years.
- The area is revitalizing with two major proposed residential projects: the 443-unit La Cumbre South and the 642-unit State and Hope developments.
- Attractive future upside potential driven by redevelopment activity, strong tenant demand, and continued market growth.
Résumé de l'annonce
Notes:
1. Year built is approximate and should be verified by the buyer.
2. Tenants must not be disturbed under any circumstances.
We are pleased to offer for sale an exceptional multi-tenant investment opportunity in the highly desirable Santa Barbara San Roque neighborhood. The tenants benefit from a “perfect storm” of strong business factors, including a vibrant, high-income local customer base reflected by the upscale adjacent hillside homes, consistent high traffic counts, and the advantages of being located in a premier, high-end trade area, supported by the presence of prestigious grocery stores such as Whole Foods, Gelson’s, and Bristol Farms.
The center features a complementary mix of businesses, including home improvement, restaurants, personal high-tech devices, financial services, and wellness/beauty services. Ontare Plaza benefits from a synergistic mix of national and local tenants, including Baskin Robbins, T-Mobile, Ace Cash Express, longtime restaurateurs Rudy’s and Kaz To Go, as well as local staples Sleep Shoppe, TriCounty Blinds, and Salt Salon.
Many tenants have established long-term roots at Ontare Plaza, fostering strong loyalty from the local community. Over half of the tenants have operated at the location for more than 13 years, with Baskin Robbins serving as a community fixture for over 30 years and Rudy’s Mexican Restaurant for nearly 40 years. Tenant stability has been a hallmark of Ontare Plaza.
The San Roque area has consistently been a highly desirable and strong-performing business location. The Upper State Street corridor is an affluent, supply-constrained pocket of the city, characterized by established households, strong discretionary spending, and long-term residential stability.
1. Year built is approximate and should be verified by the buyer.
2. Tenants must not be disturbed under any circumstances.
We are pleased to offer for sale an exceptional multi-tenant investment opportunity in the highly desirable Santa Barbara San Roque neighborhood. The tenants benefit from a “perfect storm” of strong business factors, including a vibrant, high-income local customer base reflected by the upscale adjacent hillside homes, consistent high traffic counts, and the advantages of being located in a premier, high-end trade area, supported by the presence of prestigious grocery stores such as Whole Foods, Gelson’s, and Bristol Farms.
The center features a complementary mix of businesses, including home improvement, restaurants, personal high-tech devices, financial services, and wellness/beauty services. Ontare Plaza benefits from a synergistic mix of national and local tenants, including Baskin Robbins, T-Mobile, Ace Cash Express, longtime restaurateurs Rudy’s and Kaz To Go, as well as local staples Sleep Shoppe, TriCounty Blinds, and Salt Salon.
Many tenants have established long-term roots at Ontare Plaza, fostering strong loyalty from the local community. Over half of the tenants have operated at the location for more than 13 years, with Baskin Robbins serving as a community fixture for over 30 years and Rudy’s Mexican Restaurant for nearly 40 years. Tenant stability has been a hallmark of Ontare Plaza.
The San Roque area has consistently been a highly desirable and strong-performing business location. The Upper State Street corridor is an affluent, supply-constrained pocket of the city, characterized by established households, strong discretionary spending, and long-term residential stability.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
10 650 pi²
Classe d’immeuble
B
Année de construction
1958
Prix
9 393 975 $ CAD
Prix par pi²
882,06 $ CAD
Taux de capitalisation
5,16%
Revenu net d’exploitation
484 609 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,44
Taille du lot
0,56 AC
Zonage
C-P/S-D-2
Façade
70’ sur State St
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 3 281 885 $ CAD | |
| Évaluation du terrain | 3 708 368 $ CAD | Évaluation totale | 6 990 253 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
3 708 368 $ CAD
Évaluation des bâtiments
3 281 885 $ CAD
Évaluation totale
6 990 253 $ CAD
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