111 E Victoria St - Medical FOR SALE
Santa Barbara, CA 93101 |
111 E Victoria St
Santa Barbara, CA 93101
HIGHLIGHTS
- “AA” INVESTMENT GRADE CREDIT TENANT – The Regents of The University of California holds an “AA” credit rating from S&P/Fitch.
- BRAND NEW TROPHY UCLA INVESTMENT – UCLA has chosen this location as a strategic entry point into downtown Santa Barbara
- PASSIVE NNN LEASE STRUCTURE – UCLA executed a long-term NNN lease, providing passive cash flow and wealth security
- EXTENSIVELY RENOVATED STATE OF THE ART BUILDING – ~$8 million in renovations is being spent in improving the interior of the property
- RECESSION PROOF OPERATOR & INVESTMENT – UCLA Health and the healthcare industry as a whole, fared exceptionally well through 2008 and 2020.
- PROPERTY TAX EXEMPTION – Any property leased by the University can be exempt from property taxation, according to the California Revenue Taxation Code
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Trophy UCLA | 10 Yr NNN | $240k Buyside Fee
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Drug Store, Freestanding, Storefront Retail/Office
TOTAL BUILDING SIZE
21970
STORIES
3
BUILDING CLASS
A
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
39
LAND DETAILS
LAND ACRES
0.27 AC AC
LAND SF
11,761 SF
ZONING
-
APN/PARCEL ID
029-071-023
