917 State St, Santa Barbara, CA 93101
8,680 SF | 100% Leased | Retail Building | Santa Barbara, CA 93101 | $5,630,000 ($649/SF) | 5.34% Cap Rate
Asking Price $5,630,000
- Property Type
-
Retail
- Square Feet
- 8,680 SF
- Price / Square Foot
- $649
Listing Contacts
- Property Info
Property Overview
Impeccably maintained NNN Leased trophy property occupied by Tilly’s in Santa Barbara’s downtown core. Tilly’s, the preeminent casual
clothing retailer focused on the growing teen and young adult market, has occupied the property for over 14 years and has over 6 years
remaining in its current term. The building has 55 feet of frontage, high ceilings, newer roof and HVAC, and is located within close proximity to Apple, Marshall’s, Sephora, Amazon, Vuori, Vans, Urban Outfitters and many other significant retailers and restaurants.
Price: $5,630,000 ($649 psf)
NOI: $300,923 currently and increasing to $326,963 on 5/1/25*
Building Size: 8,680 SF
Parcel Size: Approx. 9,125 SF
APN: 039-321-39
Year Built: 1999
Occupancy: 100% leased to Tilly’s with 14-year history at property
Lease Type: Absolute NNN
Frontage: Approx. 55’
Foot Traffic: Approx. 12,000 pedestrians daily
Ceilings: 9’ - 27’
Roof: Replaced in 2018
HVAC: Throughout; replaced in 2018
Parking: Five public lots within one block
clothing retailer focused on the growing teen and young adult market, has occupied the property for over 14 years and has over 6 years
remaining in its current term. The building has 55 feet of frontage, high ceilings, newer roof and HVAC, and is located within close proximity to Apple, Marshall’s, Sephora, Amazon, Vuori, Vans, Urban Outfitters and many other significant retailers and restaurants.
Price: $5,630,000 ($649 psf)
NOI: $300,923 currently and increasing to $326,963 on 5/1/25*
Building Size: 8,680 SF
Parcel Size: Approx. 9,125 SF
APN: 039-321-39
Year Built: 1999
Occupancy: 100% leased to Tilly’s with 14-year history at property
Lease Type: Absolute NNN
Frontage: Approx. 55’
Foot Traffic: Approx. 12,000 pedestrians daily
Ceilings: 9’ - 27’
Roof: Replaced in 2018
HVAC: Throughout; replaced in 2018
Parking: Five public lots within one block
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 5,663 SF
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