1525 State 104 1525.0 Street Unit 104 Santa Barbara, CA 93101

Attractive investment opportunity under a million dollars in the heart of Santa Barbara's professional district. Suite 104 consists of two adjacent office condos being sold together, totaling approximately ±2,286. The space is fully leased to a stable tenant with one year remaining on the current te...rm and two (3-year) options to renew at market rent. The suite has been recently renovated and includes four dedicated parking spaces, a rare amenity in this location. With a current cap rate of 7.23%, this offering provides reliable cash flow and future flexibility. An ideal option for an investor seeking passive income today, with the potential for owner-user occupancy down the road if the tenant vacate. Continue reading