$3,540,000
$3,850,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/21/2018
Key Details
Sold Price $3,540,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI18045636
Sold Date 08/21/18
HOA Y/N No
Property Description
100% LEASED INVESTMENT. The Pintado Building is a well maintained 10,200 SF multi-tenant office building built in 1987 and located in the heart of the Santa Ynez Valley. The anchor tenant, C&D llp, is the 8th largest CPA firm on the central coast (Santa Barbara, Ventura, and San Luis Obispo Counties), and occupies over 80% of the building. They have called The Pintado Building home for over 30 years, and their current lease extends through 2025. There are four other small professional office tenants, all housed on the first floor.
The building is well parked at 4.6 parking spaces per 1000 SF and the owners have completed over $300,000 in improvements over the last 7 years.
The property is fully leased and shows a 4.5% CAP on current income. This is an excellent blue chip investment opportunity.
Location
State CA
County Santa Barbara
Area Vang - Solvang
Zoning PO
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 47
Building
Lot Description Corner Lot, Level
Story 2
Water Public
Others
Tax ID 139530003
Financing Trade
Special Listing Condition Standard
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Bought with Steven Battaglia • Steven Battaglia, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner