Listed by Radius Commercial Real Estate & Investments Santa Barbara, Radius Group Commercial Real Estate
$4,950,000
1936 State Street
Details
APN 025-372-001
Property Type Retail
Sub Type Convenience Store, Restaurant
Square Footage 3,450
Cap Rate 4.51%
NOI $223,452
Tenancy Multi
Lease Type NNN
Price per SqFt $1,435
Year Built 2015
Acreage 0.510
Zoning C-G Commercial General
Parking Spaces 20 spaces
Parking Per SqFt 5.80
Investment Type Stabilized
Tenant Credit Credit Rated
Retail | 4.51% CAP | 3,450 SqFt
Marketing description
Located at 1936 State Street in Santa Barbara, this offering presents a newer construction, fully leased retail investment with strong in-place income. The property is occupied by 7-Eleven and Ike's Love & Sandwiches, two nationally recognized tenants providing stable, reliable cash flow.
Positioned along the highly trafficked State Street corridor, the asset benefits from excellent visibility and strong surrounding demographics. With modern construction and minimal near-term capital needs, this is a low-management, high-quality investment opportunity in one of California's most desirable coastal markets.
Investment highlights
- Offered at $4,950,000
- Building Size ±3,450 SF ($1,435/SF)
- Land Size ±22,215 SF
- Cap Rate 4.51%
- APN 025-372-001
- Zoning C-G Commercial General
- Parking 20 Spaces (5.79/1,000)
- Year Built 2015
Listing Contacts
Listed by Radius Commercial Real Estate & Investments Santa Barbara, Radius Group Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,452.00
$18,621.00/mo
Valuation Metrics
0
DSCR
4.51%
Cap Rate
4.51%
ROI
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