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
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.
More Information MLS# 18-733
Location Info
Country: US
Compass Map: Santa Ynez
Map Grid: K17
Cross Street: Viborg
District: 50 - SANTA YNEZ
Street #: 690
Street Name: Alamo Pintado
Street Suffix: Road
State: CA
Postal Code: 93463
County: Santa Barbara
Parcel Number: 139-530-003
Contract Info
Buyers Agent $/%: 2.25
Current Price: $3,540,000
Price: 3850000
Begin Date: 2018-03-01
Status: Closed
Property Information
For Sale/Lease: For Sale
Year Built: 1987
Stories: 2
#Offices: 5
TYP: Business
Total SqFt.: 10200
Owner Info
Deposit: 100000
Remarks
Hot Sheet Comment: new
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.
Cooling
A/C Central: 1
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Contingent Remarks
SUBJ 2 INSPECT: 1
Status Change Info
Sold Date: 2018-08-21
Sold Price: $3,540,000
Under Contract Date: 2018-05-03
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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