917 State St - Storefront Retail/Office FOR SALE


Santa Barbara, CA 93101- Downtown Santa Barbara
$5,450,000 USD
805-898-4374
917 State St, Santa Barbara, CA for Sale
$5,450,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 6% Cap Rate

917 State St
Santa Barbara, CA 93101
Downtown Santa Barbara


OVERVIEW

Impeccably maintained NNN-Leased trophy property occupied by Tilly’s in Santa Barbara’s downtown core. Tilly’s, the preeminent casual clothing retailer focused on the growing teen and young adult market, has occupied the property for over 14 years and has over 5 years remaining in its current term. The building has 55 feet of frontage, high ceilings, newer roof and HVAC, and is located near Apple, Marshall’s, Sephora, Amazon, Vuori, Vans, Urban Outfitters and many other significant retailers and restaurants. Seller financing not available. Price: $5,450,000 ($628 psf) Cap Rate: 6% NOI: $326,963 on 5/1/25* Building Size: 8,680 SF Parcel Size: Approx. 9,125 SF APN: 039-321-39 Year Built: 1999 Occupancy: 100% leased to Tilly’s with 14-year history at property Lease Type: Absolute NNN Frontage: Approx. 55’ Foot Traffic: Approx. 12,000 pedestrians daily Ceilings: 9’ - 27’ Roof: Replaced in 2018 HVAC: Throughout; replaced in 2018 Parking: Five public lots within one block

FOR SALE DETAILS

PRICE

$5,450,000 USD

PRICE/SF

$628 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,662 SF

ZONING

C2

APN/PARCEL ID

039-321-039

ASK ABOUT THIS PROPERTY

Caitlin HenselHayes Commercial GroupMore Info
805-898-4374

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Caitlin HenselHayes Commercial GroupMore Info
805-898-4374

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