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1210 Cacique Street, SANTA BARBARA, CA 93103

$5,725,000
Property Type: Commercial Sale Lot Size (sq. ft.): 217,800 Status: Closed
Current Price: $5,725,000 List Date: 9/19/2017 Last Modified: 9/16/2024

Overview

Description

This offering is for 5 acres of land encumbered with a master lease which has 13 years remaining and no options to renew. Master Lessee has improved the property with a 69 unit trailer park. Park is subject to city of Santa Barbara mobile home rent control. 2% cap rate based on ground lease rents received in 2016.

Listing Details MLS# 17-3183

Location Info

District
15 - SB/EAST OF STATE
Street #
1210
Street Name
Cacique
Street Suffix
Street
State
CA
Country
US
Postal Code
93103
Compass Map
Santa Barbara
Map Grid
Q12
County
Santa Barbara
Parcel Number
017-260-020
Cross Street
Soledad

Contract Info

Price
6500000
Financing
Cash
Buyers Agent $/%
2
Begin Date
2017-09-19

Property Information

TYP
Business
For Sale/Lease
For Sale
Year Built
1961
Apx # Acres
5
#Offices
0

Owner Info

Deposit
3

Remarks

Hot Sheet Comment
new

Status Change Info

Sold Date
2018-06-19
Under Contract Date
2017-09-20

More Information

Condition

Fair
Yes

Zoning

RES
Yes

Terms

Cash
Yes

Listing Type

ER
Yes

Tenant Pays

Heat
Yes
Elec
Yes
Gas
Yes
Wtr
Yes
Taxes
Yes
Trash
Yes
Cbl TV
Yes
Ins
Yes
Ext Main
Yes
Prk Area
Yes

Loan

No
Yes

Reports

Other
Yes

1031 Exchange

Req
Yes

Property Features

Zoning: RES Condition: Fair Tenant Pays: Heat; Elec; Gas; Wtr; Taxes; Trash; Cbl TV; Ins; Ext Main; Prk Area Loan: No Reports: Other 1031 Exchange: Req Terms: Cash Listing Type: ER
IDX
Listing Office: San Roque Realty Inc
Last Updated: September - 16 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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