For Sale
$5,650,000

6398 Cindy LnCarpinteria, CA 93013

Prime Carpinteria Office, 19,063 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional two-story office building, situated on a one-acre lot in Carpinteria's business park (APN 001-190-092), presents a compelling owner-user or investment opportunity. The 19,063 square-foot building boasts a desirable location, offering easy commutes for employees in both the Ventura and Santa Barbara metro areas. The first floor, currently occupied, features a main reception area, 12-foot ceilings, multiple private offices, two restrooms, a large break room, and an outdoor patio. The second floor, totaling approximately 8,896 square feet, is available for lease or purchase and includes 13 private offices, several open work areas, a conference room, and a spacious wraparound deck providing stunning ocean and mountain views. Building amenities include ample on-site parking (27 spaces), updated improvements, a full HVAC system, sprinklers, and an elevator. The property is zoned M-RP (Industrial/Research Park) and was built in 1989. Financial highlights include a $5,650,000 asking price, a 3.52% cap rate, and a net operating income (NOI) of $198,867. The second-floor lease rate is $1.60 per square foot, NNN, with estimated NNN charges of $0.45 PSF and utilities at $0.30 PSF. A 5-10 year lease term is available. This property offers a unique blend of functionality, location, and investment potential.

Highlights

  • 8,896 SF suite available now.
  • $1.60/SF/Year rent.
  • $0.45/SF/Year NNN expenses (approx.).
  • $0.30/SF/Year utilities (approx.).
  • 27 parking spaces.
  • 2,000 SF (approx.) second-floor patio.

Property Details for 6398 Cindy Ln

Property type
Office properties
Buildings
1
Stories
2
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Carpinteria
County
Santa Barbara
State
California
Latitude
34.386284
Longitude
-119.4877028
6398 Cindy Ln, Carpinteria, California

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6398 Cindy Ln
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