1936 State St - Freestanding FOR SALE


Santa Barbara, CA 93101- Westside
$4,950,000 USD
805-886-9144
1936 State St, Santa Barbara, CA for Sale
$4,950,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

1936 State St
Santa Barbara, CA 93101
Westside


HIGHLIGHTS

  • Excellent opportunity to acquire a fully leased retail property in a highly resilient retail submarket.
  • Prime, high traffic location at the corner of State and Mission streets.
  • Modern construction with monument signage.
  • 20 parking spaces.
  • Two nationally recognized tenants.
  • Net Operating Income: $223,452 | 4.51% Cap Rate.

OVERVIEW

Located at 1936 State Street in Santa Barbara, this offering presents a newer construction, fully leased retail investment with strong in-place income. The property is occupied by 7-Eleven and Ike’s Love & Sandwiches, two nationally recognized tenants providing stable, reliable cash flow. Positioned along the highly trafficked State Street corridor, the asset benefits from excellent visibility and strong surrounding demographics. With modern construction and minimal near-term capital needs, this is a low-management, high-quality investment opportunity in one of California’s most desirable coastal markets. Contact Listing Agents for further details.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$1,435 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highly Resilient Retail Submarket

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-G

APN/PARCEL ID

025-372-001

ASK ABOUT THIS PROPERTY

Gene DeeringRadius Commercial Real EstateMore Info
805-886-9144

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Gene DeeringRadius Commercial Real EstateMore Info
805-886-9144

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