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331 N Milpas Street, Santa Barbara, CA

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DetailMap
331 N Milpas Street

Santa Barbara, CA 93103 - N Santa Barbara/Goleta Submarket

(460.5 KB)

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:1962
Building Size:8,416 SF Land Area:.28 AC (12,197 SF)
% Leased:
For Sale Price:$3,950,000 Price/SF:$469.34
Cap Rate:-
Smallest Space:406 SF Largest Space:4,349 SF Total Space Avail:8,416 SF Rent/SF/Yr:
$19.20 - $25.80
Parking:17 Surface spaces are available; Ratio of 2/1,000 SF
Features:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,471 SF
$25.80/SF/Yr
30 Days
3-5 yrs
Retail
 1st
2,596 SF
$25.80/SF/Yr
Vacant
3-5 yrs
Retail
 2nd
1,387 SF
$19.20/SF/Yr
30 Days
3-5 yrs
Retail
 2nd
2,556 SF
$19.20/SF/Yr
Vacant
3-5 yrs
Office
 2nd
406 SF
$19.20/SF/Yr
30 Days
3-5 yrs
Office
 
4929975
2434968
10249248
4929982
10249264
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,471 SF
$25.80/SF/Yr
30 Days
3-5 yrs
Retail
1st
2,596 SF
$25.80/SF/Yr
Vacant
3-5 yrs
Retail
2nd
1,387 SF
$19.20/SF/Yr
30 Days
3-5 yrs
Retail
2nd
2,556 SF
$19.20/SF/Yr
Vacant
3-5 yrs
Office
2nd
406 SF
$19.20/SF/Yr
30 Days
3-5 yrs
Office

Sale Notes:
A rare opportunity to own one of the few freestanding retail/office buildings along this major commercial corridor. This high-visibility property is centrally located, across the street from CVS and a block from the new Trader Joe' s. Offering 15 on-site parking spaces, the two-story building is in shell condition with flexible floor plates for a variety of uses, excellent natural light, large glass entrances, and updated bathrooms and building systems.

Building consists of 4,067 square feet of ground floor retail/office space and 4,349 of second floor office/retail space.

The building is available for lease $2.15 PSF NNN for the ground floor and $1.75 PSF NNN for the second floor

High visibility location - 28,640 CPD
Great onsite parking
Low vacancy rates for both retail and office on Milpas Street
Recent building upgrades completed

The Becker Group
Jeff R Becker
(805) 653-6794

  
Hayes Commercial Real Estate
Christos Celmayster
(805) 898-4388


Hayes Commercial Real Estate
Christos Celmayster
(805) 898-4388



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