3948 State St - Auto Repair FOR SALE


Santa Barbara, CA 93105- Hope
$2,495,000 USD
805-898-4385
3948 State St, Santa Barbara, CA for Sale
$2,495,000 USD
Auto Repair - FOR SALE
1/6
null | 5.73% Cap Rate

3948 State St
Santa Barbara, CA 93105
Hope


OVERVIEW

This 6,935 SF freestanding retail/industrial building sits directly across from the Five Points Shopping Center and near the intersection of Highway 101 and CA State Route 154. NNN-leased to Bridgestone Tires, the parent company of Firestone Complete Autocare, the property features a reception area and ancillary offices as well as the main open-bay auto service portion. Zoning allows for a variety of commercial and residential possibilities. Custom-built for its first and only tenant in 1977. Price: $2,495,000 Cap Rate: 5.73% on current rent; 6.4% if 2027 option exercised Current NOI: $142,892.04 Building Size: 6,935 SF Land Size: 17,424 SF (.4 acre) APN: 057-233-032 Zoning: O-R/USS (R-O/S-D-3) Current Lease: Expiration: 7/31/2027 Options: Two (2) five (5) yr with 12% fixed increases. Current tenant has occupied the building since it was built in 1977 Traffic Count: 18,100 CPD (source: esri) To Show: Call listing agent

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

5.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

O-R/USS (R-O/S-D-3)

APN/PARCEL ID

057-233-032

ASK ABOUT THIS PROPERTY

Liam MurphyHayes Commercial GroupMore Info
805-898-4385

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Liam MurphyHayes Commercial GroupMore Info
805-898-4385

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