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 properties

Property subtype

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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