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718 E Mason Street, SANTA BARBARA, CA 93103

$1,482,550
Property Type: Commercial Sale Square Footage: 2,800 Lot Size (sq. ft.): 5,227 Status: Closed
Current Price: $1,482,550 List Date: 1/13/2020 Last Modified: 4/24/2025

Overview

Description

Seller lease back for 5 years for $72,000 per year which is a 5% CAP rate. Newly constructed, freestanding industrial/office building in Santa Barbara. This building is only 10 years old with unmatched value in the Santa Barbara marketplace as a 2-story building just off Milpas St. in Santa Barbara's downtown industrial zone. Contact Listing Agents for more details.

Listing Details MLS# 20-131

Location Info

District
15 - SB/EAST OF STATE
Street #
718
Dir
E
Street Name
Mason
Street Suffix
Street
State
CA
Country
US
Postal Code
93103
Compass Map
Santa Barbara
Map Grid
P12
County
Santa Barbara
Parcel Number
017-121-005
Cross Street
Nopal

Contract Info

Price
1440000
Buyers Agent $/%
3
Begin Date
2020-01-13

Property Information

TYP
Business
For Sale/Lease
For Sale
Stories
2
#Offices
Yes
Total SqFt.
2800
Apx Lot SqFt
5227
Apx # Acres
0.12

Owner Info

Deposit
3

Remarks

Hot Sheet Comment
new

Status Change Info

Sold Date
2020-04-10
Under Contract Date
2020-02-03

More Information

Business Info

Sales/Lse BK
Sale

Condition

Excellent
Yes

Zoning

M-1
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

EA
Yes

Business Type

Manufacture
Yes
Bus Other
Yes

Parking

Enclosed
Yes
Uncovrd
Yes
Other
Yes

Franchise

No
Yes

Lease Assumable

No
Yes

Property Features

Business Type: Manufacture; Bus Other Zoning: M-1 Condition: Excellent Parking: Enclosed; Uncovrd; Other Franchise: No Lease Assumable: No Terms: Cash; Conventional Listing Type: EA
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: April - 24 - 2025
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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