3609 State Street, Santa Barbara, CA, CA 93105

$6,750,000

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List Price
$6,750,000
Status
ACTIVE
MLS#
SR26025220
County
Santa Barbara
Square Feet
10,650
Lot Size (acres)
0.5601
Lot Location
6-10 Units/Acre
Days on Market
178
Property Type
Commercial
Property Sub Type
Retail

Property Description

We are pleased to offer for sale an incredible multi- Tenant Investment Opportunity in the preferred Santa Barbara San Roque neighborhood. The Tenants benefit from a “Perfect Storm” of exceptional business factors, a vibrant local high-income customer base, as evidenced by the upscale adjacent hillside homes, a steady high volume traffic count, and the advantages of being in a Premier High End Trade area, as evidenced by the influence of Prestigious Grocery Stores Whole Foods, Gelson’s and Bristol Farms. The Center boasts a complimentary Mix of Businesses; Home Improvement, Restaurants, Personal High Tech Devices, Financial Services, and Self Improvement/Wellness/Beauty. Ontare Plaza benefits from a symbiotic complimentary mix of Occupants, National Brands Baskin Robbins, T-Mobile, Ace Cash Express, longtime restaurateurs Rudys and Kaz To Go, along with Local Pillars Sleep Shoppe, TriCounty Blinds, and Salt Salon. Many of the Tenants have been long term residents of Ontare Plaza, planting deep business roots in the San Roque community. The Property and the charming surrounding area have created a strong Loyalty from the Renters, over half the Residents have operated at the location for over 13 years, with Baskin Robbins being a Community Stalwart for over 30 years, and Rudy’s Mexican Restaurant being a constant for almost 40 years. Tenant Stability has been synonymous with Ontare Plaza. Ontare Plaza is a perfect addition for the discerning investor who values stability, location and the Quest for Generational Wealth as Cornerstones in building their Portfolio. Call agents for more information.

Additional Information

Parcel Number
051051006
Gross Scheduled Income
$369,270
Net Operating Income
$348,214
Lot Features
6-10 Units/Acre
Water
Public

Listing courtesy of Listing Agent: Anthony Boyajian (Tboyajian@kwcommercial.com) from Listing Office: Keller Williams Realty-Studio City.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.