$6,750,000
FOR SALEActive3609 State Street
Santa Barbara CA 93105
10,650
SF
Retail
Type
N/A
Built
$634/SF
Cost/SF
Listing Agent
Anthony Boyajian
Listing Agent
DRE #: 01877967
(818) 324-7639Brokerage: Keller Williams Realty-Studio City
Richard Karzen
DRE #: 00894182
Brokerage: RE/MAX One
Location Analysis
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
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
$348,214
NOI
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