FOR SALE

SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com

Description Multi-tenant office building located in the heart of downtown Carpinteria, just one block off Linden Avenue. Property features beautiful mountain views and convenient access to 101 freeway and many amenities. All existing Leases are NNN. Very low vacancy rate in the Carpinteria office market.

‣ Asking Price: $9,300,000 ‣ Zoning: CPD ‣ Parking: 3.75 Per 1000 Sq. Ft. ‣ Lot Size: 1.59 acres ‣ Building Size: 24,772 Sq. Ft.

Downtown Carpinteria Office Building

‣ HVAC: Throughout ‣ Restrooms: Private & Common Area ‣ Built in 1989 ‣ Elevator: Yes ‣ C.S.O: 2%

1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971

Information is deemed reliable, although we have no reason to doubt its accuracy, it is not guaranteed

1145 Eugenia Place Carpinteria, CA

SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com

1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971

1145 EUGENIA OVERHEAD VIEW OF SITE

FOR SALE 1145 Eugenia Place Carpinteria, CA

1145 Eugenia Place Carpinteria, CAFOR SALE

SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com

1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971

First Floor

Second Floor

LEASEDAGIA

LEASEDBEACON ENERGY

LEASEDPacific Operators

LEASEDJFR

LEASEDBeacon West

SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com

1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971

1145 Eugenia Place Carpinteria, CAFOR SALE

1145 EUGENIA RENT ROLL

TENANT SQ. FT. ANNUAL BASE RENT

MONTHLY BASE RENT

BASE RENT/SQ. FT.

NNN LEASE EXPIRATION

AGIA 8225 $177,660.00 $14,805.00 $1.80 Y 12/31/2023

PACIFIC OPERATORS 7407 $162,209.28 $13,517.44 $1.82 Y 12/31/2021

BEACON WEST 7658 $171,892.37 $14,324.36 $1.87 Y 12/14/2022

JFR 1482 $33,813.36 $2,817.78 $1.90 Y 12/31/2019

Subtotal 24772 $545,575.01 $45,464.58 $1.84

NNN Reimbursables $264,636.28 $22,053.02

Gross Potential Rent $810,211.29 $67,517.61

OPERATING EXPENSES

Description Note Annual Monthly

New Property Taxes 1.05826% $98,418 $8,202

Insurance 2018 actual $18,434 $1,536

Utilities (water/trash/electricity, gas) 2018 actual $67,539 $5,628

Landscaping 2018 actual $6,537 $545

Repairs & Maintenance 2018 actual $28,712 $2,393

Elevator Maintenance 2018 actual $2,746 $229

Fire Alarm 2018 actual $1,589 $132

Security 2018 actual $2,066 $172

Janitorial & Supplies 2018 actual $16,772 $1,398

Management 4% $21,823 $1,819

Total $264,636 $22,053

PRO FORMA CAP RATE ANALYSIS

Net Operating Income (pro forma) $545,575

Purchase Price $9,300,000

Cap Rate 5.9%

Price Per Sq. FT. $375 Information is deemed reliable, although we have no reason to doubt its accuracy, it is not guaranteed