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$6,750,000

FOR SALEActive

3609 State Street

Santa Barbara CA 93105

10,650

SF

Retail

Type

N/A

Built

$634/SF

Cost/SF

272 days on marketNalren refreshed

Listing Agent

Anthony Boyajian

Listing Agent

DRE #: 01877967

(818) 324-7639

Brokerage: Keller Williams Realty-Studio City

Richard Karzen

DRE #: 00894182

Brokerage: RE/MAX One

Location Analysis

MapProperty Location

About This Property

We are pleased to offer for sale an incredible multi- Tenant Investment Opportunity in the preferred Santa Barbara San Roque neighborhood. The Tenants benefit from a “Perfect Storm” of exceptional business factors, a vibrant local high-income customer base, as evidenced by the upscale adjacent hillside homes, a steady high volume traffic count, and the advantages of being in a Premier High End Trade area, as evidenced by the influence of Prestigious Grocery Stores Whole Foods, Gelson’s and Bristol Farms. The Center boasts a complimentary Mix of Businesses; Home Improvement, Restaurants, Personal High Tech Devices, Financial Services, and Self Improvement/Wellness/Beauty. Ontare Plaza benefits from a symbiotic complimentary mix of Occupants, National Brands Baskin Robbins, T-Mobile, Ace Cash Express, longtime restaurateurs Rudys and Kaz To Go, along with Local Pillars Sleep Shoppe, TriCounty Blinds, and Salt Salon. Many of the Tenants have been long term residents of Ontare Plaza, planting deep business roots in the San Roque community. The Property and the charming surrounding area have created a strong Loyalty from the Renters, over half the Residents have operated at the location for over 13 years, with Baskin Robbins being a Community Stalwart for over 30 years, and Rudy’s Mexican Restaurant being a constant for almost 40 years. Tenant Stability has been synonymous with Ontare Plaza. Ontare Plaza is a perfect addition for the discerning investor who values stability, location and the Quest for Generational Wealth as Cornerstones in building their Portfolio. Call agents for more information.

Property Information

Property Overview

Commercial - Retail

Property Type

Active

Status

0.5601 acres

Lot Size

8

Total Units

10,650 SF

Square Footage

$633.80/SF

Price per SF

$348K

NOI

1

Stories

Property Highlights

N/A Property

Prime Location with High Visibility

Location Analysis

Map

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