building for sale & suites for lease

Transcription

1 WATCH VIDEO

2 property overview High visibility, Victorian style mixed-use building located in downtown Los Olivos. All suites feature large windows with views and open directly to the outside. Ideal for retail, wine bar, financial services or offices. Please do not disturb tenants. Contact Listing Agent for details. Sale Price $4,950,000 Total Building Size ±9,217 SF Lease Rates $1.75/SF NNN $3.75/SF NNN See Pages 2 & 3 for Details Floors 2 WATCH VIDEO Total Suites (4) 1st Floor; (5) 2nd Floor Parking Rear Lot with 24 Spaces; Street Parking Zoning Commercial (Retail, Wine Bar, Office) Restrooms 1 ADA Compliant HVAC Yes Elevators None Year Built 1985 CPI 3% The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

3 floor plan first floor Lease Rates Suite 101 ±1,750 SF $3.75/SF NNN ($0.55) Suite 102 ±1,580 SF $3.75/SF NNN ($0.55) Deposit One Month s Security Deposit Term 5+ Years ADA Restrooms Date Available Now TI Allowance Negotiable for lease SUITE 101 ±1,750 SF $3.75/SF NNN ($0.55) for lease SUITE 102 ±1,580 SF $3.75/SF NNN ($0.55) SUITE 104 Leased SUITE 103 Leased Open Air Vestibule Not to scale The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

4 floor plan second floor Lease Rates Suite 201 ±1,750 SF $1.75/SF NNN ($0.55) Deposit One Month s Security Desposit Staircase Term 5+ Years Date Available Now TI Allowance Negotiable SUITE 204 Leased for lease SUITE 201 ±1,750 SF $1.75/SF NNN ($0.55) suite 202 Leased SUITE 205 Leased SUITE 203 Leased Not to scale The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

5 Rent Roll Proforma (fully stabilized Rent) Unit Tenant SF Lease Type NNN Rent/SF NNN Rent NNN s Gross Rent 101 Vacant (Pro Forma) 1,750 NNN $4.00 $7,000 $1,265 $8, Vacant (Pro Forma) 1,580 NNN $4.00 $6,320 $1,142 $7, Leased 805 NNN $4.00 $3,220 $582 $3, Leased 335 NNN $4.00 $1,340 $242 $1, Vacant (Pro Forma) 1,750 NNN $1.85 $3,238 $1,265 $4, Leased 775 NNN $1.85 $1,434 $560 $1, Leased 840 NNN $1.85 $1,554 $607 $2, Leased 482 NNN $1.85 $892 $348 $1, Leased 482 NNN $1.85 $892 $365 $1,257 Note: $/SF used in this table is for fully stabilized rent. Actual rates for current and future leasees vary. Income Analysis Total Building SF: 9,200 Monthly Base Rent: $25,889 Tenant Reimbursable (NNN s): $6,662 Gross Monthly Rent (Base Rent + NNN s): $19,733 Annual Scheduled Income: $390,603 Vacancy Factor: 5% Annual Gross Income: $371,073 NNN Expenses Property Tax: $51,975 Insurance: $5,964 CAM (Includes Landscaping, HVAC Maintenance): $22,000 Annual Commercial Expenses: $79,939 $0.76/SF Price Analysis Valuation CAP Rate Price/SF Value 4.75% $697 $6,129, % $662 $5,822, % $630 $5,545,403 Author makes no guarantee, warranty or representation as to the accuracy of the information contained in this analysis. Any projections, opinions, assumptions or estimates are for modeling purposes only and should be considered as discussion starters. Please consult with your CPA, attorney and other trusted advisor to conduct careful, independent investigation before entering into any agreements.

6 additional property photos The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

7 additional property photos The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

8 WATCH VIDEO The Subject Property is centrally located in Los Olivos in the heart of Santa Barbara wine country, midway between Santa Barbara to the south and Santa Maria to the north. Other well-known Santa Barbara County towns nearby include Santa Ynez, Solvang and Buellton. Los Olivos is accessible to the South County via Highways 154 and 101, and to the North County via Highway Alamo Pintado Ave. Pacific Ocean

9 SHOPPING 1 Artisan s Gallery 2 Avec Moi Décor 3 First Street Leather 4 Gallery Los Olivos 6 Honey Paper 7 J. Woeste in Los Olivos 8 Jedlicka s Saddlery 9 Los Olivos General Store 10 Olive Hill Farm 11 ROMP 12 Savannah Rose in Los Olivos 13 Spa & Boutique at Fess Parker Wine Country Inn 14 The Style Junction 15 SYV Arts Association 16 Wendy Foster, Los Olivos 17 Wildflower Women Boutique FOOD 20 The Bear & Star 21 The Doggy Door 22 Los Olivos Wine Merchant & Cafe 23 Panino 24 Sides Hardware & Shoes 25 Stafford s Chocolates SERVICES 30 a santé spa 31 Fess Parker Wine Country Inn 32 Hollister & Brace 33 Jones & Jones Los Olivos Dance Gallery SB Tower Gardens & Seedlings Sotheby s International Realty St. Mark s-in-the-valley Church NO STORE FRONT Alamo Pintado Equine Clinic Nature Track Foundation Los Olivos Limo Platinum Performance Vino Vaqueros Horseback Riding Highway 154 TASTING ROOMS, WINE AND BEER 40 Alexander & Wayne / Arthur Earl 41 Bien Nacido & Solomon Hills Estates 42 Blair Fox Cellars 43 The Bubble Shack 44 Ca Del Grevino 45 Carhartt 46 Cinque Stelle 47 Community Craft 48 Crawford Family 49 Dragonette Cellars 50 E11even by Andrew Murray 51 Epiphany Cellars 52 Evan s Ranch/Gainey 53 Figueroa Mtn Brewing Co 54 J Ludlow Street 55 Kaena 56 Larner 57 Nielson by Byron 58 Refugio Ranch 59 Story of Soil 60 Saarloos & Sons 61 The Sanger Family of Wines 62 Stolpman 63 Zinke Santa Barbara Ave. Nojoqui Ave Alamo Pintado Ave Jonata St Grange 8 22 Hollister St. Grand Ave m San Marcos Ave. N Subject Property 5

10 San Marcos Ave. Alamo Pintado Ave.

11 market overview

12 santa ynez valley golden vineyard country The great wide open countryside of the Santa Ynez Valley is located 30 minutes north of Santa Barbara and nestled between the Santa Ynez and Santa Rafael Mountains. Numerous world-renowned wineries and vineyards dot the landscape as well as horse and cattle ranches. In fact, the valley is recognized as the epicenter of California s multi-billion dollar equine industry. Other attractions include the Los Padres National Forest, Lake Cachuma, Old Mission Santa Inez, golf courses and the Santa Ynez Valley Historical Museum & Parks-Janeway Carriage House displaying old stagecoach relics from the valley s past. Six small towns are home to the region and include Ballard, the smallest and oldest community, Solvang, a charming Danish-American hamlet, the rapidly growing Buellton, the vintage chic community of Los Alamos, the laid-back wine tasting haven of Los Olivos, and the turn-of-the-20th-century township of Santa Ynez.

13 santa barbara county s bustling wine industry Wine is Santa Barbara County s number one finished agricultural product, and the county s wine grape crop is its second most valuable agricultural crop. In fact the region s wine grape industry has experienced tremendous growth in recent years, increasing in total value from approximately $97 Million in 2010 to over $155 Million in One factor contributing to this success is the area s unique east-west (transverse) mountain ranges, versus the usual north-south orientation of mountain ranges. This creates a dramatic cooling effect on the region s climate allowing world class grapes to be grown. Santa Barbara Wine Industry Fast Facts Number of wineries in Santa Barbara County (2013) Acres of wine grapes grown in Santa Barbara County (2014)...21,052 Acres Avg. yield per acre (2014) Avg. price per ton (2014)...$1,751/ton Economic value of wine grapes in Santa Barbara County (2014)...$155,256,000 Annual economic impact of wine in Santa Barbara County (2013)...$1.7 Billion Number of approved American Viticultural Areas (AVAs) in Santa Barbara County...5 Number of different wine grape varietals grown in Santa Barbara County...More than 50 Top Varietals Planted in SB County (2014) Chardonnay...7,529 Acres Pinot Noir...5,561 Acres Syrah...1,928 Acres Sauvignon Blanc Acres Grenache Acres Cabernet Sauvignon Acres Pinot Grigio/Gris Acres All Others Acres