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100% Net Lease Investment
$27,750,000 - Santa Barbara, CA
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Investment Highlights
- Approx. 83,479 SF of Office/Research Development Building on approx. 6.58 Acre Lot
- 100% Leased through 2025 to Orbital ATK (NYSE: OA)
- 6% CAP Rate on existing NOI
- CSO: 1% Fee paid to Cooperating Agent
- Price: $27,750,000
- Lease Expiration: 7/31/2025
- Annual Rent Adj.: CPI (Min. 2% / Max. 5%)
- Price per Square Foot: $332/SF
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Located just a few miles north of Santa Barbara, the subject property offers the rare opportunity to acquire a sizable asset in the area's thriving technology corridor. At approx. 83,479 SF, the office/R&D facility is situated on a large 6.58 acre parcel and is fully leased to long-term tenant Orbital ATK through July 2025. Please see marketing brochure for lease details. Please contact listing agent for a Confidentiality Agreement.
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