Fully net leased investment in Downtown Santa Barbara. Ground level commercial condominium in Paseo Chapala, leased to Lux Nails and Spa through 4/2025. Tenant has enjoyed success in the location for over 10 years. Rare opportunity to buy high quality construction in the heart of downtown Santa Barbara fully leased to a stable tenant. 4.5% cap rate on existing income. Common covered parking, common ADA restrooms, high ceilings, multiple entries, and attractive improvements.
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Courtesy of: Radius Group Commercial R.E. Listing information provided courtesy of the Santa Barbara MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 24th July, 2021 3:55 AM
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