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719 Bond Avenue, SANTA BARBARA, CA 93103

$3,375,000
Property Type: Commercial Sale Square Footage: 7,000 Status: Closed
Current Price: $3,375,000 List Date: 4/26/2021 Last Modified: 9/17/2024

Overview

Description

This purpose built 79 unit mini-storage building is unlike any other in Santa Barbara. Currently owned and operated by Honor Storage this investment provides an owner with predictable NNN returns in the heart of Santa Barbara. Honor Storage Leaseback Information: • 5 Years From Close of Escrow • 2–5 Year Options to Extend • AIR Single Tenant NNN Lease • $13,000/Month NNN ($1.86/SF) • 2% Annual Increases • Personal Guaranty from the Principals of Honor Storage

Listing Details MLS# 21-1485

Location Info

District
15 - SB/EAST OF STATE
Street #
719
Street Name
Bond
Street Suffix
Avenue
State
CA
Country
US
Postal Code
93103
Compass Map
Santa Barbara
Map Grid
P12
County
Santa Barbara
Parcel Number
031-231-014
Cross Street
N Quarantina St.

Contract Info

Price
3450000
Buyers Agent $/%
2.5
Begin Date
2021-04-26

Property Information

TYP
Business
For Sale/Lease
For Sale
#Offices
Yes
Total SqFt.
7000

Owner Info

Deposit
103500

Remarks

Hot Sheet Comment
new

Status Change Info

Sold Date
2021-06-10
Under Contract Date
2021-05-08

More Information

Zoning

Other
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Property Features

Zoning: Other Terms: Cash; Conventional Listing Type: ER

Documents

IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 17 - 2024
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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