517-519 E Gutierrez St, SANTA BARBARA, CA 93103
$4,200,000
Property Type:
Comm/Ofc
Square Footage:
10,500
Lot Size (sq. ft.):
21,344
Status:
Closed
Current Price:
$4,200,000
List Date:
12/05/2023
Last Modified:
2/09/2024
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.
More Information MLS# 23-3612
Location Info
District: 15 - SB/EAST OF STATE
Street #: 517-519
Dir: E
Street Name: Gutierrez St
State/Province: CA
Postal Code: 93103
Compass Map: Santa Barbara
Map Grid: P12
County: Santa Barbara
Parcel Number: 031-292-009
Cross Street: N Salsipuedes
Contract Info
Current Price: $4,200,000
Price: 4250000
Buyers Agent $/%: 2.5
Begin Date: 2023-12-05
Status: Closed
Property Information
TYP: Commercial
For Sale/Lease: For Sale
Gross Sq Ft: 10500
Total SqFt.: 10500
Apx # Acres: 0.49
Remarks
Hot Sheet Comment: new
Status Change Info
Sold Date: 2024-02-09
Sold Price: $4,200,000
Under Contract Date: 2024-02-09
Property Features
Zoning: Other
Terms: Other
Listing Type: ER
Listing Office: Hayes Commercial Group
Last Updated: February - 09 - 2024
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