Ontare Plaza 3609-3617 State St Local commercial 989 m² 100 % Loué À vendre Santa Barbara, CA 93105 5 814 315 € (5 876,50 €/m²) Taux de capitalisation 5,16 %

Notes:
1. Year built is approximate and should be verified by the buyer.
2. Tenants must not be disturbed under any circumstances.

We are pleased to offer for sale an exceptional multi-tenant investment opportunity in the highly desirable Santa Barbara San Roque neighborhood. The tenants benefit from a “perfect storm” of strong business factors, including a vibrant, high-income local customer base reflected by the upscale adjacent hillside homes, consistent high traffic counts, and the advantages of being located in a premier, high-end trade area, supported by the presence of prestigious grocery stores such as Whole Foods, Gelson’s, and Bristol Farms.
The center features a complementary mix of businesses, including home improvement, restaurants, personal high-tech devices, financial services, and wellness/beauty services. Ontare Plaza benefits from a synergistic mix of national and local tenants, including Baskin Robbins, T-Mobile, Ace Cash Express, longtime restaurateurs Rudy’s and Kaz To Go, as well as local staples Sleep Shoppe, TriCounty Blinds, and Salt Salon.
Many tenants have established long-term roots at Ontare Plaza, fostering strong loyalty from the local community. Over half of the tenants have operated at the location for more than 13 years, with Baskin Robbins serving as a community fixture for over 30 years and Rudy’s Mexican Restaurant for nearly 40 years. Tenant stability has been a hallmark of Ontare Plaza.

The San Roque area has consistently been a highly desirable and strong-performing business location. The Upper State Street corridor is an affluent, supply-constrained pocket of the city, characterized by established households, strong discretionary spending, and long-term residential stability.