2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 4 . 2 0

A shley G alla gher805.879.9612agallagher@radiusgroup.comCA Lic. 02040772

1514 ANACAPA ST. SANTA BARBARA, CA 93101

FOR SALE OR FOR LEASE

Office Building In A Prime

Downtown Location.

OFFERED FOR SALE AT

$2,400,000

OFFERED FOR LEASE AT

$2.50/SF NNN ($0.40)

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 4 . 2 0

1 5 1 4 A N A C A P A S T. | S A N TA B A R B A R A , C A 9 3 1 0 1F o r S a l e o r F o r L e a s e | D o w n t o w n S a n t a B a r b a r a O f f i c e

A shley G alla gher805.879.9612agallagher@radiusgroup.comCA Lic. 02040772

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

1 5 1 4 A N A C A P A S T. | S A N TA B A R B A R A , C A 9 3 1 0 1F o r S a l e o r F o r L e a s e | D o w n t o w n S a n t a B a r b a r a O f f i c e

Well positioned office location with available 1,400 SF for lease. Back

patio, private entrances, and private restroom with shower. True to Santa

Barbara’s historic Spanish-style architecture, this building allows for a

multi-tenant asset in the city’s financial district. Highly positioned for an

owner-user looking to relocate their office or a multi-tenant NNN investment

once fully leased. Contact Listing Agent for further information.

Offering Specifics

Sale Price $2,400,000

Building Size ±3,504 SF

Price/SF $685

Lot Size ±6,790 SF

No. of Units 4

CAP Rate Fully Stabilized 4.09%

NOI $103,539

APN 027-241-016

Zoning O-R

Floors 1

HVAC Throughout

Parking Private Lot

Restrooms 2

Year Built 1954

P R O P E R T Y O V E R V I E W

±1,400 SF office space also available immediately for lease at $2.50/SF NNN ($0.40) with one restroom, private lot and on-street parking.

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 4 . 2 0

1 5 1 4 A N A C A P A S T. | S A N TA B A R B A R A , C A 9 3 1 0 1F o r S a l e o r F o r L e a s e | D o w n t o w n S a n t a B a r b a r a O f f i c e

A shley G alla gher805.879.9612agallagher@radiusgroup.comCA Lic. 02040772

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

Anacapa St.

Santa Barbara St.

E. Sola

St.

E. Micheltore

na St.

SUBJECT PROPERTY

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 4 . 2 0

1 5 1 4 A N A C A P A S T. | S A N TA B A R B A R A , C A 9 3 1 0 1F o r S a l e o r F o r L e a s e | D o w n t o w n S a n t a B a r b a r a O f f i c e

A shley G alla gher805.879.9612agallagher@radiusgroup.comCA Lic. 02040772

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

1 Cantwell’s Market & Deli

2 Bill’s Copy Shop

3 Santa Barbara Yoga Center

4 Community West Bank

5 La Quinta Inn & Suites

6 South Coast Deli

7 Opal

8 Carlitos Café y Cantina

9 Chase Bank

10 Starbucks

11 Santa Barbara Public Market

12 Crushcakes & Cafe

13 Simpson House Inn

14 EF International Language Campus

STATE ST.

CHAPALA ST.

ANACAPA ST.SANTA BARBARA ST.

Alameda Plaza

Santa Barbara

Courthouse

Alice Keck Park Memorial

Gardens

The Arlington Theatre The Granada

Theatre

8

97

6

5

4

3

2

10

11

14

13

12

1

SUBJECT PROPERTY

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 4 . 2 0

1 5 1 4 A N A C A P A S T. | S A N TA B A R B A R A , C A 9 3 1 0 1F o r S a l e o r F o r L e a s e | D o w n t o w n S a n t a B a r b a r a O f f i c e

A shley G alla gher805.879.9612agallagher@radiusgroup.comCA Lic. 02040772

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

I N C O M E A N A LY S I SIncome Analysis 3,504 SF1514 Anacapa, Santa Barbara

Current Income Suite Tenant Sq.Ft. Lease Type NNN Rent/SF NNN Rent NNN's Gross Rent Lease Expiration

A Mountain Wealth Mgmt.

421 NNN $2.49 $1,048 $455 $1,503

May-22B Maizlish

Realtors833 NNN $2.50 $2,083 $900 $2,982

Current Tenant is paying $1,800 MTM

C Juliana Malis Attorney

850 NNN $2.35 $1,998 $918 $2,916

21-DecD Vacant

Proforma1,400 NNN $2.50 $3,500 $1,512 $5,012

TBDTotal Bld SF: 3,504 Monthly Base Rent: $8,628

Tenant Reimbursable (NNN's) $3,785Gross Monthly Rent (Base Rent + NNN's) $12,413

Annual Scheduled Income: $148,960

Annual Gross Income: $148,960

NNN ExpensesNew Taxes at 1.1% $26,400Utilities $500Insurance $7,000Maintenance $7,000Property Management at 3% $4,521

Annual Commercial Expenses: $1.08 $45,421(Monthly Expenses/Total Bldg SF) PSF

Net Operating Income: $103,539

Price Analysis:

Estimated Lease up Costs (All Are Estimates)Tenant Improvements on Commercial $10 /SF $35,040

6 Months $74,480Leasing Brokerage (6% on 5 Year Deals for Commercial) $20,097

Total Lease Up Costs $129,617

Cap Rate on Fully Stabilized Value Lease Up Costs Sale Price

Fully Stabilized Value Sale Price/SF

Values: 4.09% $129,617 $2,400,000 $2,529,617 $685

Lease Up Time (Gross Rent)

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 4 . 2 0

1 5 1 4 A N A C A P A S T. | S A N TA B A R B A R A , C A 9 3 1 0 1F o r S a l e o r F o r L e a s e | D o w n t o w n S a n t a B a r b a r a O f f i c e

A shley G alla gher805.879.9612agallagher@radiusgroup.comCA Lic. 02040772

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

P R O P E R T Y P H O T O S

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | F A X 8 0 5 . 9 6 5 . 5 3 0 0 | R A D I U S G R O U P . C O M2 . 4 . 2 0

1 5 1 4 A N A C A P A S T. | S A N TA B A R B A R A , C A 9 3 1 0 1F o r S a l e o r F o r L e a s e | D o w n t o w n S a n t a B a r b a r a O f f i c e

A shley G alla gher805.879.9612agallagher@radiusgroup.comCA Lic. 02040772

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

VA C A N T O F F I C E S U I T E