1933 Cliff DrSanta Barbara, CA 93109

Property Details for 1933 Cliff Dr

Lot size

1.80 AC

Property type

Office properties

Property subtype

Office buildings

APN

045-015-020

APU

45015020

Description

This exceptional medical office space, located at 1933 Cliff Dr, Santa Barbara, CA 93109, presents a rare leasing opportunity. Situated within a larger 40,000 square foot, three-story Class B building constructed in 1986, this suite offers 1,242 square feet of well-designed space. The suite features desirable vaulted ceilings and abundant natural light, creating a welcoming and productive environment. The property includes convenient on-site visitor and employee parking. The building is equipped with one elevator for easy access to all floors. This single-building complex sits on a 1.8-acre lot and is zoned O-R. The address is further identified by APN 045-015-020 in Santa Barbara County. The space is part of a multi-tenant building and benefits from the presence of an outdoor patio. The asking rate is $2.35 per square foot, NNN. This location offers excellent visibility and accessibility, making it an ideal choice for medical professionals seeking a prestigious and functional workspace in Santa Barbara. The cross street is Meigs. The property is conveniently located near the ocean and offers a desirable location for medical practices.

• CAP approach

  CAP return

  Valuation

  6%

  $23,393,264

  6.5%

  $21,593,782

  7%

  $20,051,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,910,065

  Geo Method

  $14,910,065

• Alternative Use

  Use

  Valuation

  Residential

  $26,776,290

  Hospitality

  $24,526,936

  Educational

  $20,406,124

  Medical

  $21,107,922

  Retail

  $31,742,860

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4015

Longitude

-119.724

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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