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6398 Cindy Ln

19,063 SF 53% Leased Office Building Carpinteria, CA 93013 $5,650,000 ($296/SF) 3.52% Cap Rate

Executive Summary

High-quality office/R&D/industrial lease or purchase opportunity in Carpinteria’s business park. This 19,063 square foot building offers excellent on-site parking, ocean and mountain views, and updated improvements. The first floor — occupied by Agilent — offers a main reception area, 12’ ceilings throughout, multiple private offices, two restrooms, a large break room and outside patio. The second floor — available or lease — is improved with 13 private offices, several open work areas, a conference room, and a large wraparound deck with scenic vistas. Easy commute for employees living in either Ventura or Santa Barbara metro areas.
Sales Price: $5,650,000 ($296 psf)
Cap Rate: 5.94% (projected)*
Projected NOI: $369,670
Current NOI: $198,867 (Agilent’s Lease)
Building 19,063 SF
Parcel: 1 Acre
APN: 001-190-092
Occupancy: Suite 100 – Agilent (NYSE: A)
Suite 200 – Vacant
Parking: 59 spaces (3.09/1,000 SF)
Zoning: M-RP (Industrial/Research Park)
HVAC: Yes, throughout
Year Built: 1989
Sprinklers: Yes
Elevator: Yes
Showings: Call Listing Agent

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
19,063 SF
Building Class
B
Year Built
1989
Price
$5,650,000
Price Per SF
$296
Cap Rate
3.52%
NOI
$198,867
Percent Leased
53%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,630 SF
Building FAR
0.44
Lot Size
1.00 AC
Zoning
MRP, Carpinteria - Industrial/Research Park
Parking
27 Spaces (1.42 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 200
  • 8,896 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste 200 8,896 SF Office - Now

2nd Fl-Ste 200

Size
8,896 SF
Space Use
Office
Condition
-
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-190-092
Land Assessment
$2,229,000
Improvements Assessment
$1,287,000
Total Assessment
$3,516,000
  • Listing ID: 29270716

  • Date on Market: 8/14/2023

  • Last Updated:

  • Address: 6398 Cindy Ln, Carpinteria, CA 93013

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