Made up of a consortium of uses & members, the subject property located at 201 W. Montecito St. in Santa Barbara, CA is home to The Hangar, the region's premier private business club. The offering presents a sophisticated investor the opportunity to own a landmark piece of Santa Barbara bound by a long-term lease term through February, 2028. Comprising over 12,700 square feet, the property is well-situated just a few blocks from State Street, the bustling Funk Zone district, and Santa Barbara's historic West Beach neighborhood with its iconic boutique hotels, cottages, apt buildings, restaurants, & of course, glistening West Beach. The Hangar was specifically designed by avid car collectors for car collectors, climate controlled car storage, offices, meeting and recreational space.