122 S Patterson Ave - Office FOR SALE


Santa Barbara, CA 93111
$13,000,000 USD
805-898-4365
122 S Patterson Ave, Santa Barbara, CA for Sale
$13,000,000 USD
Office - FOR SALE
1/30
null | Request Cap Rate

122 S Patterson Ave
Santa Barbara, CA 93111


OVERVIEW

The offering includes two parcels, which may be sold separately, but ideally to¬gether. Patterson Professional Plaza is conveniently located near the Goleta Val¬ley Cottage Hospital, Highway 101 and is only 10 minutes from downtown Santa Barbara. With 5/1000 on-site parking, approximately 25,000 sf of surplus land, below market rents and 2-4 suites potentially available, this is a compelling value-add investment, condo conversion, redevelopment or owner-user opportunity. PARCEL 034 — BUILDING C APN,065-050-034 Building Size,11,468 sf Buildings,1 two-story building Land Size,46,174 sf (1.06 acres) Coverage Ratio,25% Zoning, OI (office and institutional) Parking,59 spaces (5.1/1000) Year,1984 Power,800 amps Roofs, Replaced in 2009 Surplus Land, Possibly, if full redevelopment # of Suites,4 (all occupied, but 2 can be available) # of Tenants,3 Asking Price,$4,500,000 Price PSF,$392 PARCEL 033 — BUILDINGS A & B APN,065-050-033 Building Size,19,427 sf Buildings,2 two-story buildings Land Size,98,881 sf (2.27 acres) Coverage Ratio,20% Zoning, OI (office and institutional) Parking,100 spaces (5.1/1000) Year,1975 Power,100 amps (bldg A); 800 amps (bldg B) Roofs, Replaced in 2009 Surplus Land, Common tennis court not being used, approximately 25k sf # of Suites,14 (2 vacant) # of Tenants,12 Asking Price,$8,500,000 Price PSF,$438 (includes surplus land)

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$1,059 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

A

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

159

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,173 SF

ZONING

OI

APN/PARCEL ID

065-050-033,065-050-034

ASK ABOUT THIS PROPERTY

Francois DeJohnHayes Commercial GroupMore Info
805-898-4365

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Francois DeJohnHayes Commercial GroupMore Info
805-898-4365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.