600 Pine Avenue, GOLETA, CA 93117 (MLS# 17-2762)

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600 Pine Avenue, GOLETA, CA 93117

$21,500,000

Property Type: Commercial Sale Square Footage: 83,479 Lot Size (sq. ft.): 286,625 Status: Closed

Current Price: $21,500,000 List Date: 8/15/2017 Last Modified: 9/16/2024

Overview

Description

Now providing a 7.6% cap rate, this stabilized investment is 100% leased to Orbital ATK (NYSE: OA), an aerospace and defense contractor with a market cap of $7.74 billion. Orbital ATK is being acquired by Northrop Grumman (NYSE: NOC), pending FTC approval, in 2018. Situated near UCSB, Santa Barbara Airport, Goleta Beach, and Goleta Cottage Hospital, this office/R&D property presents an ideal asset to capitalize on Goleta's booming engineering and technology corridor and highly-educated population base.

Listing Details MLS# 17-2762

Location Info

District: 35 - SB/GOL NORTH
Street #: 600
Street Name: Pine
Street Suffix: Avenue
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: G11
County: Santa Barbara
Parcel Number: 071-130-040
Cross Street: Thornwood

Contract Info

Price: 22950000
Buyers Agent $/%: Yes
Begin Date: 2017-08-15

Property Information

TYP: Business
For Sale/Lease: For Sale
Gross Sq Ft: 83479
Nt Rt Sq Ft.: 83479
Total SqFt.: 83479
Apx # Acres: 6.58
#Offices: 0

Remarks

Hot Sheet Comment: price

Status Change Info

Sold Date: 2019-01-31
Under Contract Date: 2018-07-23

Business Info

# Pk/1000: 2.6
Lease Rate: $1.69 NNN
Lease Term: Through 7/31/2025

More Information

Owner Info

Deposit: 0

Use

Office: Yes
R&D: Yes

Zoning

MRP: Yes

Terms

Other: Yes

Listing Type

ER: Yes

Property Features

Use: Office; R&D Zoning: MRP Terms: Other Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: September - 16 - 2024

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