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428 State St

2,485 SF Retail Building Santa Barbara, CA 93101 $1,995,000 ($803/SF) 4.52% Cap Rate

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Investment Highlights

Rare Mixed Use - Retail/Residential Property in Santa Barbara Downtown Core.
Beautifully Remodeled Retail Space in excellent condition

Fully Leased Investment Property to one tenant.

Executive Summary

100% leased single tenant mixed use investment property located in Santa Barbara's downtown core.
Property is leased to one tenant who occupies the upstairs 930 SF residential unit and the street level 1555 SF retail space.
The retail space is on a new 5 year lease, and is in beautiful, remodeled condition, and occupied by Venture Gear, a lifestyle clothing boutique founded in South Lake Tahoe.