517-519 E Gutierrez St, SANTA BARBARA, CA 93103 (MLS# 23-3612)

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517-519 E Gutierrez St, SANTA BARBARA, CA 93103

$4,200,000

517-519 E Gutierrez St - int 517 ceiling

Property Type: Commercial Sale Square Footage: 10,500 Lot Size (sq. ft.): 21,344 Status: Closed

Current Price: $4,200,000 List Date: 12/05/2023 Last Modified: 9/17/2024

Overview

Description

Rare multi-tenant investment opportunity in Santa Barbara's industrial market with its high barriers-to-entry and vacancy rates below 2% for the past 10 years. This property, located in the heart of the industrial corridor, is surrounded by many highly trafficked businesses; including The Home Improvement Center, The Santa Barbara Design Center, Buena Tile, Vista Paint, and many others. The two buildings on-site total approximately 10,500 SF and have been leased by Steven Handelman Studios and Independent Automotive Group for close to 20 years. The buildings offer high ceilings, ample exterior yard space, great loading and access to and from US Hwy 101.

Listing Details MLS# 23-3612

Location Info

District: 15 - SB/EAST OF STATE
Street #: 517-519
Dir: E
Street Name: Gutierrez St
State: CA
Country: US
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: P12
County: Santa Barbara
Parcel Number: 031-292-009
Cross Street: N Salsipuedes

Contract Info

Price: 4250000
Buyers Agent $/%: 2.5
Begin Date: 2023-12-05

Property Information

TYP: Business
For Sale/Lease: For Sale
Gross Sq Ft: 10500
Total SqFt.: 10500
Apx # Acres: 0.49
#Offices: 0

Remarks

Hot Sheet Comment: new

Status Change Info

Sold Date: 2024-02-09
Under Contract Date: 2024-02-09

Owner Info

Deposit: 0

More Information

Zoning

Other: Yes

Terms

Other: Yes

Listing Type

ER: Yes

Property Features

Zoning: Other Terms: Other Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: September - 17 - 2024

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