622 State St - Storefront FOR SALE


Santa Barbara, CA 93101- Lower State
$6,225,000 USD
805-403-4735
622 State St, Santa Barbara, CA for Sale
$6,225,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

622 State St
Santa Barbara, CA 93101
Lower State


HIGHLIGHTS

  • Tenant: $5.17 billion market cap; 25+ operating history.
  • Parking: 553 parking spaces in the public parking garage behind the property in City Lot 10.
  • Current cap rate: 5.25%.
  • Price/SF: $609/SF
  • NOI: $326,848

OVERVIEW

Prime, single-level retail building custom designed and built for Urban Outfitters in 1999 and has remained the only tenant since the building’s completion. The approx. 10,214 SF structure is situated in a high foot traffic section of downtown Santa Barbara adjacent to bars, dining, boutiques, parking garages and entertainment venues. Sweeping, open floor plan filled with natural light thanks to six skylights and large State Street facing windows. Cement flooring and industrial-style lighting makes this a modern and highly valuable asset for investors seeking Class A properties in downtown Santa Barbara.

FOR SALE DETAILS

PRICE

$6,225,000 USD

PRICE/SF

$609 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased Investment, 25+ Yr Operations Hist

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

E. Ortega St.

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

M-C

APN/PARCEL ID

037-132-030

ASK ABOUT THIS PROPERTY

Chris ParkerRadius Commercial Real EstateMore Info
805-403-4735

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Chris ParkerRadius Commercial Real EstateMore Info
805-403-4735

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