425 Pine AveGoleta, CA 93117

Property Details for 425 Pine Ave

Lot size

3.40 AC

Property size (Sq ft)

40,992 SF

Property type

Office buildings

APN

071-130-048

APU

71130048

Description

This exceptional single-story office/tech building in Goleta, California, offers a turnkey solution for businesses seeking immediate occupancy. Located at 425 Pine Ave, near Carson St, within the Goleta Business Park, this property enjoys a central location with easy access to Old Town Goleta's amenities and the Santa Barbara Airport. The building, zoned M-I in Santa Barbara County (zip code 93117), is currently available as a single-tenant space, ranging from 8,054 to 22,964 square feet. The building's Class B designation reflects its well-maintained condition and functional design. The interior boasts a wealth of desirable features, including abundant natural light from strategically placed skylights, multiple well-appointed conference rooms ideal for collaborative work or client meetings, expansive bullpen areas perfect for team interaction, a comfortable and spacious break room, a convenient kitchenette, and ADA-compliant restrooms equipped with showers. This freestanding structure presents a rare opportunity to acquire a move-in ready, fully furnished office space in a highly sought-after location. The flexible layout allows for division, catering to businesses of varying sizes. This property is perfect for a company seeking immediate occupancy and a productive work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $12,222,922

  6.5%

  $11,282,697

  7%

  $10,476,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,795,038

  Geo Method

  $7,795,038

• Alternative Use

  Use

  Valuation

  Residential

  $13,990,545

  Hospitality

  $12,815,264

  Educational

  $10,662,149

  Medical

  $11,028,837

  Retail

  $16,585,565

Location Insight

City

Goleta

County

Santa Barbara

State

California

Latitude

34.4333

Longitude

-119.827

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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