5387 Overpass Rd, Santa Barbara, CA 93111
9,871 SF | Industrial Building | Santa Barbara, CA 93111 | $5,455,000 ($553/SF) | 5.50% Cap Rate
Asking Price $5,455,000
- Property Type
-
Industrial
- Price / Square Foot
- $553
Listing Contacts
- Property Info
Property Overview
Densely Populated & Affluent Area: $137k Avg. HHI | Near US Hwy 101 | Minutes from University of California Santa Barbara, Santa Barbara Airport and Medical Center | Qualifies for Accelerated Depreciation | Recession Resistant Concept
Property Details
- Class
- C
- Year Built/Renovated
- 1988/2024
- Stories
- 1
- Property Subtype
- Service, Vehicle Related, Freestanding, Storefront
- Lot Size (sq. ft)
- 29,621 SF
Highlights
- 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,700 Convenient Locations in 40 States - and Growing.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Densely Populated and Affluent Area: Average Household Income of $137k+ w/in a 3-Mile Radius and 105k+ People Residing w/in a 5-Mile Radius.
- Minutes from University of California-Santa Barbara - part of the University of California University system with an Enrollment of 25k+ Students.
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