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Starbucks-anchored NNN-leased
Trophy investment in Santa Barbara, California
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Investment Highlights
- Anchored by flagship Starbucks location
- Corner location facing well-traveled urban mall
- In the heart of Santa Barbara's retail corridor
- First time on open market since its construction in 1926
- Significant remodel in 2006
- Address: 800 State Street, Santa Barbara CA
- Price: $8,600,000 (4.5% Cap)
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Family-owned since built in 1926 and never before on the market, this is one of the premier properties and premier locations in the most desirable submarket of Santa Barbara. This irreplaceable, showcase corner location in the heart of the downtown historic district faces a regional urban mall among a concentration of major retailers and the renowned attractions of downtown Santa Barbara. The asset’s recent renovation, institutional tenancy, longer-term leases and diverse sources of income ensure stable cash flow.
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