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Prime Santa Barbara Funk Zone Property 1 biens | Local commercial | À vendre | 3 164 040 € | Santa Barbara, CA
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Cap rate on ground lease: 3.72%
- Price per SF of land: $176
- Current occupant is paying $10,300/month over the base rent. For a total of approx. $21,460.75/month or $257,529/year.
- Cap rate on sublease rent: 7.15%
- NOI: $133,932
Résumé analytique
A rare ground lease investment opportunity in the heart of Santa Barbara’s Funk Zone with freeway frontage — one of the Central Coast’s most dynamic and sought-after urban districts. The ground lease rate is substantial below market. This dual-parcel offering delivers a truly passive, absolute NNN income
stream with zero landlord responsibilities. No expenses, no management, no surprises — just pure, unencumbered cash flow from day one.
Positioned at the intersection of E. Montecito St and Anacapa St, the property sits at the epicenter of Santa Barbara’s premier destination for wine tasting rooms, craft breweries, boutique hospitality, and creative retail — anchored between State Street and the waterfront.
Ground leased, absolute NNN investments of this caliber in a supply-constrained, high-barrier-to-entry market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property.
Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.
stream with zero landlord responsibilities. No expenses, no management, no surprises — just pure, unencumbered cash flow from day one.
Positioned at the intersection of E. Montecito St and Anacapa St, the property sits at the epicenter of Santa Barbara’s premier destination for wine tasting rooms, craft breweries, boutique hospitality, and creative retail — anchored between State Street and the waterfront.
Ground leased, absolute NNN investments of this caliber in a supply-constrained, high-barrier-to-entry market like Santa Barbara are exceptionally rare to market. Once the ground Lease expires land owner will take full control of the entire property.
Buyer to use Seller's AIR Purchase Contract, which has been filled out with required language for the sale of the property.
Informations sur l’immeuble
| Prix | 3 164 040 € | Nb de biens | 2 |
| Prix/m² | 8 514 € / m² | Individuellement en vente | 0 |
| Type de vente | Investissement ou propriétaire occupant | Surface totale de l’immeuble | 372 m² |
| Statut | Actif | Surface totale du terrain | 0,15 ha |
| Prix | 3 164 040 € |
| Prix/m² | 8 514 € / m² |
| Type de vente | Investissement ou propriétaire occupant |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 372 m² |
| Surface totale du terrain | 0,15 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 22 E Montecito St, Santa Barbara, CA 93101 | Local commercial | 372 m² | - | - |
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Prime Santa Barbara Funk Zone Property
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