Price: $4,200,000

Property Type: Retail

Property Sub-type: Garden Center

Building Class: B

Sale Type: Investment

Cap Rate: 4.25%

Lot Size: 1.31 AC

Gross Leasable Area: 11,814 SF

Sale Conditions: [object Object]

No. Stories: 1

Year Built: 1978

Tenancy: Single

Parking Ratio: 0.96/1,000 SF

Zoning Description: CPD

APN / Parcel ID: 004-039-010

4620 Carpinteria Ave$4,200,000

Rare & unique opportunity to purchase a highlydesirable,Highway 101 exposed 1.31 acre propertylocated at 4602 & 4620 Carpinteria Avenue inCarpinteria, Santa Barbara County, California. All iszoned CPD (Commercial Planned Development), 4620 Carpinteria Avenue parcel consists of 39,639square feet with perimeter metal fencing, a retail salesbuilding (2,506 SF) made of wood frame, compositeasphalt roofing and drywall interior with multiple nurserygreenhouse structures of approximately 7,700 SF,which makes up the GLA referenced above (noguarantee on reliability of SF).4602 Carpinteria Avenue parcel is unimproved fenced in17,424 square feet corner location on CarpinteriaAvenue and two 101 highway ramps. DevelopmentInvestment Opportunity to construct a highly exposedmixed-use development or a future Hotel for substantialincome production, or a strategic company opportunityfor the site to become a corporate headquarters,adjunct and/or solid back-office for a growing company,with access to large labor pool commuting from Venturainto the Santa Barbara area for work.

Rare & unique 1.31 acre development InvestmentOpportunity! Highly desirable Highway 101 exposurewith immediate access. All of the property is zonedCPD - Commercial Planned Development. Any Ownercan construct a mixed-use development, a future Hotelor a strategic company site for new corporateheadquarters for a growing company. Highly desirableHighway 101 exposure and high traffic volume withimmediate exposure and ease of access. 4620 Carpinteria Avenue parcel consists of 39,639square feet. 4602 Carpinteria Avenue parcel isunimproved fenced in 17,424 square feet cornerlocation. The entire property is occupied by the worldrenown Eye of the Day Garden Design Center, whichintends to relocate in a 1031 exchange.

Rarely available 1.31 acres adjacent Highway 101;Commercial Planned Development zoning;•

4620 Carpinteria Ave4620 Carpinteria Ave, Carpinteria, CA 93013

Lindsay WellmanLindsay Wellman80 Teasdale St,Thousand Oaks, CA 91360lwellman@topproducer.com(805) 453-6259

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SUBJECT PROPERTY PHOTOGRAPHS

MAIN ACCESS TO POINT FOR SUBJECT

ALONG CARPINTERIA AVE

MAIN ENTRY TO NURSERY BUILDING

INTERIOR PHOTO OF NURSERY BUILDING

MAIN ENTRY TO NURSERY GREENHOUSE

STRUCTURE

INTERIOR PHOTO OF GREENHOUSE

EXTERIOR PHOTO OF GREENHOUSE

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SUBJECT PROPERTY PHOTOGRAPHS

EXTERIOR PHOTO OF SUBJECT PROPERTY

ANOTHER EXTERIOR PHOTO OF SUBJECT

PROPERTY

CARL’S JR AND PARKING LOT DIRECTLY

NORHT OF SUBJECT

PHOTO OF HIGHWAY 101 AT REAR OF

SUBJECT PROPERTY

LOOKING NORTH ON CARPINTERIA AVE

LOOKING SOUTH ON CARPINTERIA AVE

Of note, the subject has good exposure and access along Carpinteria Avenue and Reynolds Avenue in Carpinteria, California. The subject also has good exposure and on-ramp/off-ramp access to Highway 101 via Reynolds Avenue directly to the west. Carl’s Jr is located directly north and west of the subject. Best Western Hotel is located to the west across Reynolds Avenue. Lavender Court, a mixed use office and condominium property is to the east. To the south are a mix of commercial, school and residential uses.

AERIAL PHOTO

PLAT MAP

Chapter 14.20 - CPD COMMERCIAL PLANNED DEVELOPMENT DISTRICT 14.20.010 - Purpose and intent.

The purpose of the CPD district is to provide appropriately located areas for office uses, retail stores, service establishments, and wholesale businesses, offering commodities and services required by residents of the city and its surrounding market area. The intent is to promote high standards of site planning, architecture, and landscape design for office and commercial developments within the city.

(Ord. 315 § 1 (part), 1981)

14.20.020 - Processing. Prior to the issuance of any permit for development in any area zoned or to be rezoned CPD, a

development plan shall be submitted, processed, and approved, as provided in Chapter 14.68. In addition, a development plan shall be required for any change in use within an existing structure that would have one of the following effects:

1. An increase in the parking requirements specified in Section 14.54.040(2)(b) for commercial uses, e.g., a change from general commercial to a restaurant or medical office; or

2. An increase in water use to a level that exceeds either the historic level of use of the amount allocated by the city at the time of project approval; or

3. A reduction in the amount of landscaping that was required at the time of project approval; or

4. Result in a concentration of certain uses as specified in Section 14.20.070, Nonconcentration of Certain Uses, in which case (and in accordance with CMC 14.20.070 and 14.62.040), a CUP would be required in lieu of the DP.

(Ord. 315 § 1 (part), 1981)

( Ord. No. 643, § 2, 1-25-2010 )

14.20.030 - Uses permitted subject to development plan approval. Uses permitted in the CPD district subject to development plan approval are as follows:

1. Antique shops;

2. Apparel stores;

3. Art, music and photographic studios and supply stores;

4. Appliance stores;

5. Automobile sales and services, rental agencies and supply stores, light mechanical repair (ignition, tire change, etc.) permitted outside;

6. Bakeries, retail only;

7. Barber and beauty shops;

8. Bicycle shops;

9. Blueprint and photocopy services;

10. Book, gifts and stationery stores;

11. Catering establishments;

12. Cocktail lounges and bars;

13. Department stores;

14. Drug stores and pharmacies;

15. Financial institutions;

16. Florist shops;

17. Food stores and supermarkets;

18. Furniture stores, repair and upholstery;

19. General retail stores;

20. Hardware stores;

21. Hobby shops;

22. Hospitals, medical clinics, and similar buildings used for the treatment of human ailments;

23. Hotels and motels;

24. Janitorial services and supplies;

25. Jewelry stores;

26. Laundry pickup and delivery agencies and self-service laundries;

27. Liquor stores;

28. Newspaper and magazine stores;

29. Retail nurseries and garden supply stores exclusive of greenhouses; provided all equipment and supplies shall be kept within an enclosed area;

30. Office and business machine stores;

31. Parking facilities where fees are charged;

32. Post office;

33. Printing shops;

34. Professional offices, studios, office buildings;

35. Shoe stores, sales and repairs;

36. Sign painting shops within a completely enclosed building;

37. Sporting goods store;

38. Swimming pool sales and service;

39. Television and radio repair;

40. Theaters, except drive-in;

41. Tire sales and service;

42. Toy stores;

43. Travel agencies;

44. Vocational schools;

45. Variety stores;

46. Veterinarians' office, outpatient care only;

47. Public and semipublic uses;

48. Recreation facilities, public or private;

49. Restaurant;

50. Accessory uses;

51. Accessory structures and uses located in the same site as a permitted use;

52. Dwelling units integrated as part of the overall commercial development;

53. Any other commercial use which the planning commission finds is similar in character to the uses listed in this section and is not more injurious to the health, safety, or welfare of the neighborhood because of noise, odor, smoke, vibration, or danger to life or property;

54. Residential-only development consistent with the provisions of Chapter 14.49 of this code (residential overlay district); and

55. Escort services, permitted subject to the requirements of Chapter 5.46.

(Ord. 606 § 3, 2005; Ord. 603 § 1 (part), 2004; Ord. 315 § 1 (part), 1981)

14.20.035 - Uses permitted subject to adult-oriented business regulatory permit. Adult-oriented businesses shall be permitted subject to the requirements of Chapter 14.71, Ord. 542

§ 2, 1998.

(Ord. 545 § 1, 1998)

14.20.040 - Uses permitted by conditional use permit. The planning commission may grant a conditional use permit for any other retail, service or

wholesale store, shop or establishment which the planning commission finds is of similar character to those enumerated in this district, and which is not more objectionable to the area by reason of smoke, dust, odor, noise, vibration, air or water pollution, heat, glare, radiation or danger to life and property.

The following uses may be permitted in the CPD zone if a conditional use permit is obtained in the manner provided in Chapter 14.62 and such use conforms to the conditions of the permit:

1. Small animal hospitals, provided it is determined that all animals are continuously accommodated within a completely enclosed building designed to reduce odor and the level of noise from such animals to the extent that adjacent properties will not be adversely affected by reason of such odor or noise;

2. Bus terminal;

3. Cabinet shop;

4. Cleaning and dyeing establishment;

5. Drive-in theaters;

6. Electrical shop;

7. Equipment rental;

8. Health studio (massage parlor, gymnasium or similar);

9. Laundry;

10. Mortuary;

11. Music recording studio;

12. Nonprofit educational or training facilities;

13. Pet store;

14. Plumbing, heating and ventilating and sheet metal shop;

15. Printing plant;

16. Pump sales and services;

17. Research laboratory;

18. Used automobile sales lot;

19. Welding and small tool machine shop;

20. Handicraft industries;

21. Mechanical car wash;

22. Amusement enterprises;

23. Service stations;

24. Boat and camper—Sales, service and storage;

25. Truck and trailer rental, sales and service;

26. Painting of automobiles, wheel alignment, body alignment, and major engine, body and frame repairs completely within an enclosed structure with no outside storage of parts or materials;

27. Farm implement and machine sales, rental or repair;

28. Motorcycle sales and service; services and repairs conducted completely within an enclosed building; no outside storage of parts or materials;

29. Any use or change or [of] use which would result in a concentration of certain uses as specified in Section 14.20.070, Nonconcentration of Certain Uses.

(Ord. 315 § 1 (part), 1981)

( Ord. No. 643, § 2, 1-25-2010 )

14.20.045 - Regulation of size of retail stores. A. A single retail store, as defined in Section 14.08.543 of this code, with a total square footage greater

than twenty thousand square feet may be permitted in the CPD/CB zones if a conditional use permit is obtained in the manner provided in Chapter 14.62 and such use conforms to the conditions of the permit, provided however, that the planning commission shall recommend approval, conditional approval or denial to the city council, who shall hold final decision-making authority.

1. For the purposes of this section, "total square footage" means all interior building space or retail use area whether devoted to the sale of merchandise or not, including restrooms, office space, storage space, automobile service areas or open air garden sales spaces.

2. For the purpose of determining whether the total square footage of a single retail store exceeds twenty thousand square feet, the aggregate square footage of all adjacent stores, establishments and shops which share common check stands, management, warehouses or distribution facilities shall be considered a single retail store.

B. The provisions of this section shall be applicable to the construction or use of any building(s) or structure(s) or area that is proposed to include a total square footage greater than twenty thousand (20,000) square feet of total retail floor area and/or additions, expansions, structural alterations of an existing building(s), or expansions of the uses occupying such building(s), that result in a total square footage greater than twenty thousand (20,000) square feet, including but not limited to, internal tenant improvements to such building(s) or structure(s).

C. An applicant seeking approval of a retail use greater than twenty thousand (20,000) square feet shall obtain conceptual review in the following manner.

1. Preliminary plans for a retail use shall be submitted to the architectural review board for conceptual review prior to completing the environmental review process. Said preliminary plans shall be reviewed and advisory recommendations made for the use of the applicant and planning commission. Said advisory recommendations shall constitute a conceptual review

only, with final review and recommendation by the board to be taken after the planning commission conceptual review.

2. Concurrent with or following the conceptual review and recommendation by the architectural review board, the planning commission and/or city council shall review the project in concept and make advisory recommendations. Any such review or recommendations shall not be binding upon the city as to any further determinations to be made with respect to the project and the review authorities shall be wholly free to render a different recommendation and/or decision following the formal procedures thereafter followed pursuant to subsection (3)(a) of this section.

D. Nonconforming retail stores shall comply with the provisions of Chapter 14.82.

(Ord. 632 § 2 (part), 2008: Ord. 631 § 4 (part), 2008)

14.20.050 - Parking. Parking regulations in the CPD district are as provided in Chapter 14.54.

(Ord. 315 § 1 (part), 1981)

14.20.060 - Landscaping. 1. Not less than twenty (20) percent of the net area shall be landscaped, where feasible; in no case

shall less than ten (10) percent of the net area be landscaped.

2. Trees, approved according to the adopted master street tree plan, shall be planted in tree wells within the right-of-way of adjacent public streets.

3. Wherever off-street parking areas are situated across the street from property in a residential zone, a masonry wall three (3) feet in height shall be erected five (5) feet behind the street property line. The area between the wall and the property line shall be landscaped in accordance with approved plans. No openings except for ingress and egress shall be permitted.

(Ord. 315 § 1 (part), 1981)

14.20.070 - Nonconcentration of certain uses. The concentration of certain uses is considered to have a blighting and deteriorating effect upon the

surrounding area. Therefore, when two or more of any of the following uses: pool hall or billiard hall, adult-oriented business, amusement arcade, bar, off-sale beer and wine store, convenience store, secondhand store, Personal services—Restricted, or massage establishment are located within four hundred fifty feet of the proposed use, and where the proposed use is one of those enumerated, concentration of such uses shall be considered to potentially exist, and such use shall be required to apply for and obtain a conditional use permit in accordance with CMC 14.62.080. The distance between uses shall be calculated from the centerline of the doorway of the proposed use to the centerline of the doorway of an existing use, as measured by the shortest sidewalk route intended and available for public traverse between the uses. For the purposes of this chapter, the term "doorway" refers to the entrance by which the official street address has been designated by the director of community development. For purposes of this section, an "off-sale beer and wine store" is an establishment which devotes more than five percent of its gross floor area to the display for sale of alcoholic beverages.

(Ord. 355 § 1, 1984: Ord. 315 § 1 (part), 1981)

( Ord. No. 643, § 2, 1-25-2010 )

14.20.075 - Tobacco retailing. A. No tobacco retailer license may be issued to authorize a significant tobacco retailer in the city of

Carpinteria. However, a significant tobacco retailer in the city operating legally on the date that the

ordinance enacting this chapter was first introduced and that otherwise would be entitled to receive a license may receive a license and may continue to operate so long as (1) the license is renewed continually without lapse or revocation; (2) the significant tobacco retailer is not closed for business and does not otherwise suspend tobacco retailing for more than sixty consecutive days; (3) the significant tobacco retailer does not substantially change the business premises or business operation; and (4) the significant tobacco retailer maintains the right to operate under the terms of other applicable laws. If the department determines that a significant tobacco retailer in the city no longer qualifies to continue tobacco retailing under the standards of this section, it shall revoke the license for the significant tobacco retailer in the manner, and subject to the appeal rights specified in Section 8.52.240 of Chapter 8.52, Smoking Regulations of the CMC.

B. No tobacco retailer license may be issued to authorize tobacco retailing within one thousand feet of a public or private, elementary, middle, junior high or high school, as measured in a straight line from the nearest point on the parcel boundary of an existing or proposed tobacco retailer to the nearest point on the parcel boundary of the nearest school.

C. A tobacco retailer operating with a valid tobacco retailer license at a location within one thousand feet of a public or private, elementary, middle, junior high or high school, on the operative date of the ordinance codified in this section may continue to operate under their existing tobacco retailer license and under any tobacco retailer license that is timely renewed for that location unless revoked pursuant to Sections 8.52.170(B) and 8.52.240 of Chapter 8.52, Smoking Regulations of the CMC. If a tobacco retailer owns a parcel of real property on the operative date of the ordinance codified in this chapter, which is also located within one thousand feet of the same school as their existing tobacco retailer's business, then the tobacco retailer may transfer his or her tobacco retailer license to that property owned by the tobacco retailer, provided that the tobacco retailer does not substantially enlarge the size of the business.

( Ord. No. 662, § 5, 5-13-2013 )

14.20.080 - Drive-thru businesses. No drive-thru businesses shall be established or operated in the CPD zone.

(Ord. 315 § 1 (part), 1981)

14.20.090 - Setbacks—Front, side and rear. 1. No structure shall be located less than thirty-five feet from the centerline of any street or five feet

from the property line, whichever is greater. Side and rear setbacks shall not be required except that no structure shall be located less than ten feet of any boundary line of a parcel zoned for residential use; however, when the structure exceeds twenty feet in height, it shall be located not less than twenty feet from residentially zoned property lines. Side yard setback requirements for corner lots may be waived.

2. Where a commercial or office use abuts property in any residential zone, a masonry wall six feet in height shall be erected and maintained between such uses and the residential zone. The planning commission may waive or modify the masonry wall requirement.

(Ord. 315 § 1 (part), 1981)

14.20.100 - Maximum building height. No building or structure shall exceed a height of thirty feet.

(Ord. 315 § 1 (part), 1981)

14.20.110 - Noise.

The noise level emanating from any commercial use or operation shall not exceed five (5) decibels above the ambient level of the area.

(Ord. 315 § 1 (part), 1981)

14.20.120 - Other. 1. Except as otherwise specified, open storage of materials and equipment shall be permitted only

when incidental to the permitted use and where the main structure is located on the front portion of the lot. Storage areas shall be shown on the plot plan. All outside storage shall be heavily screened.

2. All mechanical equipment, including heating and air conditioning units, and trash receptacle areas, shall be completely screened from surrounding properties by use of a wall or fence or shall be enclosed within a building.

(Ord. 315 § 1 (part), 1981)

COMMERCIAL PLANNED DEVELOPMENT MAP CITY OF CARPINTERIA

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