1210 Cacique Street, SANTA BARBARA, CA 93103
$5,725,000
Property Type:
Comm/Ofc
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$5,725,000
List Date:
9/19/2017
Last Modified:
4/17/2019
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.
More Information MLS# 17-3183
Location Info
District: 15 - SB/EAST OF STATE
Street #: 1210
Street Name: Cacique
Street Suffix: Street
State/Province: CA
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: Q12
County: Santa Barbara
Parcel Number: 017-260-020
Cross Street: Soledad
Contract Info
Current Price: $5,725,000
Price: 6500000
Financing: Cash
Buyers Agent $/%: 2
Begin Date: 2017-09-19
Status: Closed
Property Information
TYP: Commercial
For Sale/Lease: For Sale
Year Built: 1961
Apx # Acres: 5
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Status Change Info
Sold Date: 2018-06-19
Sold Price: $5,725,000
Under Contract Date: 2017-09-20
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
City SB MH Rent Control Ordinance ›Listing Office: San Roque Realty Inc
Last Updated: April - 17 - 2019
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