OFFERING MEMORANDUM

www.MontecitoREI.com . 201 W. Montecito Street, Santa Barbara, CA 93101 . (805)565-4500

S A M A N T H A F R I E D M A N SALES ASSOCIATE

Lic #: 01873499 samantha@montecitorei.com

S T U A R T F U S SPRINCIPAL, BROKER

Lic #: 00859105stuart@montecitorei.com

BUILDING UNDERGOING EXTENSIVE RENOVATIONS

29 W. ANAPAMU STREET, SANTA BARBARA, CA 93101T H E G R A Y S O N B U I L D I N G

7 BUILD TO SUIT OFFICE SUITES 1,500 - 13,600 SF

2 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

M O N T E C I T OR E A L E S T A T E I N V E S T M E N T S

PROPERTY OVERVIEW

PROPERTY SUMMARY

29 W. Anapamu Street, rebranded as The Grayson Building, is undergoing extensive renovations. It is located in the heart of the vibrant “Theatre District “ between State and Chapala Streets. This ideal location is just steps from the Granada Theatre, Museum of Art, Impact Hub, Corepower Yoga and many eateries, including the Public Market. Ample public parking is available directly behind the building and across the street.

The Grayson Building is being offered for lease in a “shell condition”, in which the Landlord will provide a TI allowance for tenant improvements to build out their space. There are seven offices available ranging in size from approximately 1500 SF - 2300 SF.

The building is four stories tall with two floors of wrap around interior balconies overlooking a beautiful ground floor interior courtyard with an eight-foot water fountain. An elevator services all floors and there are two common bathrooms per floor except for the penthouse, which has a private bathroom.

Occupancy is expected to be Summer of 2019.

AVAILABLE SPACES:

Suite 101: +/- 2,034 SF x $2.95/SF NNN ($0.68) = $7,383/mo

Suite 102: +/- 1,594 SF x $2.95/SF NNN ($0.68) = $5,786/mo

Suite 201: +/- 2,300 SF x $2.85/SF NNN ($0.68) = $8,119/mo

Suite 202: +/- 1,970 SF x $2.85/SF NNN ($0.68) = $6,954/mo

Suite 301: +/- 2,300 SF x $2.65/SF NNN ($0.68) = $7,659/mo

Suite 302: +/- 1,970 SF x $2.65/SF NNN ($0.68) = $6,560/mo

Penthouse: +/- 1,442 SF x $2.95/SF NNN ($0.68) = $5,234/mo

Term: 5-10 Years Increases: 3% Annual Increases Elevator: Yes

Zoning: C-M

Year Built: 1984

Parking: Property is adjacent to two city owned parking lots and two others within one block.

CSO: 2.5%

FLOOR PLANS

3 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

M O N T E C I T OR E A L E S T A T E I N V E S T M E N T S

Lease Space 101: Ground Floor facing Anapamu Street

Lease Space 102: Ground Floor facing south, Chapala Streetand parking lot

Bathroom

Bathroom

Mech.

Hall

Hall

Stair

North Entryway South Entryway

Courtyard

Electrical

Dumpster

Elev.

GROUND FLOOR 29 W. Anapamu, Santa Barbara CA, 93101

Scale0’ 5’ 10’ 15’ 20’

All information is believed to be reliable but is not guaranteed. Interested parties should verify any information they deem important.

Lease Space 101+/-2,034 SF

$2.95/SF NNN ($0.68)Lease Space 102

+/- 1,594 SF$2.95/SF NNN ($0.68)

FLOOR PLANS

4 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

M O N T E C I T OR E A L E S T A T E I N V E S T M E N T S

Lease Space 201: Second Floor, French doors with balconies facing Anapamu StreetLease Space 202: Second Floor with French doors with balconiesfacing south, Chapala Street & parking lot

Balcony

Bathroom

Bathroom

Mech.

Hall

Lease Space 3021826 SQ.FT.

+194 SQ.FT. Balcony

Lease Space 3012071 SQ.FT.

+194 SQ.FT. Balcony Elev.

SECOND FLOOR29 W. Anapamu, Santa Barbara CA, 93101

Scale0’ 5’ 10’ 15’ 20’

Hall

All information is believed to be reliable but is not guaranteed. Interested parties should verify any information they deem important.

Lease Space 201+/- 2,300 SF

$2.85/SF NNN ($0.68)

Lease Space 202+/- 1,970 SF

$2.85/SF NNN ($0.68)

FLOOR PLANS

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

M O N T E C I T OR E A L E S T A T E I N V E S T M E N T S5

Lease Space 301+/- 2,300 SF

$2.65/SF NNN ($0.68)

Lease Space 302+/- 1,970 SF

$2.65/SF NNN ($0.68)

Lease Space 301: Third floor with skylights facing Anapamu StreetLease Space 302: Third floor with vaulted ceilings & skylights facing south, Chapala Street & parking lot

Bathroom

Bathroom

Mech.

Hall

Elev.

THIRD LEVEL29 W. Anapamu, Santa Barbara CA, 93101

Scale0’ 5’ 10’ 15’ 20’

Balcony

Hall

Storagespace

Storagespace

All information is believed to be reliable but is not guaranteed. Interested parties should verify any information they deem important.

FLOOR PLANS

6 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

M O N T E C I T OR E A L E S T A T E I N V E S T M E N T S

Mech.

Elev. Closet

PENTHOUSE 29 W. Anapamu, Santa Barbara CA, 93101

Scale0’ 5’ 10’ 15’ 20’

All information is believed to be reliable but is not guaranteed. Interested parties should verify any information they deem important.

Penthouse+/- 1,442 SF

$2.95/SF NNN ($0.68)

Penthouse: Fourth floor penthouse suite with skylights & future private bathroom.

AERIAL VIEW

7 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

M O N T E C I T OR E A L E S T A T E I N V E S T M E N T S

SITE

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1. SB Museum of Art2. Granada Theater3. Impact Hub4. CorePower Yoga5. CVS6. The Public Market 7.The Arlington Theater8. Santa Barbara Courthouse

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2829

9. Lobero Theater 10. Jeannine’s 11. Savoy Cafe & Deli 12. Santa Barbara Club13. Apple Store 14. First Repubic Bank15. UPS Store16. Gold’s Gym

17. French Press Coffee18. Starbuck’s19. American Riviera Bank20. Wells Fargo Bank21. FedEx Office Print & Ship Center22. Montecito Bank & Trust 23. Saks Off Fifth (Future Amazon Office Space)

24. Metropolitan Fiest 5 Theater 25. Smithy’s Restaurant26. Arigota Sushi27. New Vic Theater 28. Sama Sama Kitchen29. The Good Lion30. County of SB Admin Building31. Union Bank

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PUBLIC PARKING LOTS:P3: Public Parking Lot 3P4: Public Parking Lot 4P5. Pubilc Parking Lot 5P6. Pubilc Parking Lot 6P7. Pubilc Parking Lot 7P8: Public Parking Lot 8P9: Public Parking Lot 9

P4

P5

P6

P7

P3

P8

P9

C H A PA L A S T R E E T

S T A T E S T R E E T

F I G U E R OA S T R E E T

A N A PA MU S

T R E E T

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