690 Alamo Pintado Road, SOLVANG, CA 93463 (MLS# 18-733)

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690 Alamo Pintado Road, SOLVANG, CA 93463

$3,540,000

Property Type: Commercial Sale Square Footage: 10,200 Status: Closed

Current Price: $3,540,000 List Date: 3/01/2018 Last Modified: 9/16/2024

Overview

Description

100% LEASED INVESTMENT. The Pintado Building is a well maintained 10,200 SF multi-tenant office building built in 1987 and located in the heart of the Santa Ynez Valley. The anchor tenant, C&D llp, is the 8th largest CPA firm on the Central Coast and occupies over 80% of the building. They have called The Pintado Building home for over 30 years, and their current lease extends through 2025. There are four other small professional office tenants, all housed on the first floor. The building is well parked at 4.6 parking spaces per 1000 SF and the owners have completed over $300,000 in improvements over the last 7 years. The property is fully leased and shows a 4.5% CAP on current income. This is an excellent blue chip investment opportunity.

Listing Details MLS# 18-733

Location Info

District: 50 - SANTA YNEZ
Street #: 690
Street Name: Alamo Pintado
Street Suffix: Road
State: CA
Country: US
Postal Code: 93463
Compass Map: Santa Ynez
Map Grid: K17
County: Santa Barbara
Parcel Number: 139-530-003
Cross Street: Viborg

Contract Info

Price: 3850000
Buyers Agent $/%: 2.25
Begin Date: 2018-03-01

Property Information

TYP: Business
For Sale/Lease: For Sale
Year Built: 1987
Stories: 2
#Offices: 5
Total SqFt.: 10200

Owner Info

Deposit: 100000

Remarks

Directions: Hwy 246 (Mission Dr) to Alamo Pintado Rd. Turn north onto Alamo Pintado Rd. Continue to Viborg Rd (2nd stop sign). Property is on southeast corner of this intersection.
Hot Sheet Comment: new

Status Change Info

Sold Date: 2018-08-21
Under Contract Date: 2018-05-03

More Information

Cooling

A/C Central: Yes

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Contingent Remarks

SUBJ 2 INSPECT: Yes

Property Features

Zoning: Other Cooling: A/C Central Terms: Cash; Conventional Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT

Listing Office: Battaglia Commercial Real Esta

Last Updated: September - 16 - 2024

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