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FOR SALE
SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com
Description Multi-tenant office building located in the heart of downtown Carpinteria, just one block off Linden Avenue. Property features beautiful mountain views and convenient access to 101 freeway and many amenities. All existing Leases are NNN. Very low vacancy rate in the Carpinteria office market.
‣ Asking Price: $9,300,000 ‣ Zoning: CPD ‣ Parking: 3.75 Per 1000 Sq. Ft. ‣ Lot Size: 1.59 acres ‣ Building Size: 24,772 Sq. Ft.
Downtown Carpinteria Office Building
‣ HVAC: Throughout ‣ Restrooms: Private & Common Area ‣ Built in 1989 ‣ Elevator: Yes ‣ C.S.O: 2%
1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971
Information is deemed reliable, although we have no reason to doubt its accuracy, it is not guaranteed
1145 Eugenia Place Carpinteria, CA
SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com
1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971
1145 EUGENIA OVERHEAD VIEW OF SITE
FOR SALE 1145 Eugenia Place Carpinteria, CA
1145 Eugenia Place Carpinteria, CAFOR SALE
SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com
1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971
First Floor
Second Floor
LEASEDAGIA
LEASEDBEACON ENERGY
LEASEDPacific Operators
LEASEDJFR
LEASEDBeacon West
SANTA BARBARA PROPERTY GROUP www.sbpropertygroup.com
1933 Cliff Drive, Suite 2 Santa Barbara, CA 93019 805.963.1971
1145 Eugenia Place Carpinteria, CAFOR SALE
1145 EUGENIA RENT ROLL
TENANT SQ. FT. ANNUAL BASE RENT
MONTHLY BASE RENT
BASE RENT/SQ. FT.
NNN LEASE EXPIRATION
AGIA 8225 $177,660.00 $14,805.00 $1.80 Y 12/31/2023
PACIFIC OPERATORS 7407 $162,209.28 $13,517.44 $1.82 Y 12/31/2021
BEACON WEST 7658 $171,892.37 $14,324.36 $1.87 Y 12/14/2022
JFR 1482 $33,813.36 $2,817.78 $1.90 Y 12/31/2019
Subtotal 24772 $545,575.01 $45,464.58 $1.84
NNN Reimbursables $264,636.28 $22,053.02
Gross Potential Rent $810,211.29 $67,517.61
OPERATING EXPENSES
Description Note Annual Monthly
New Property Taxes 1.05826% $98,418 $8,202
Insurance 2018 actual $18,434 $1,536
Utilities (water/trash/electricity, gas) 2018 actual $67,539 $5,628
Landscaping 2018 actual $6,537 $545
Repairs & Maintenance 2018 actual $28,712 $2,393
Elevator Maintenance 2018 actual $2,746 $229
Fire Alarm 2018 actual $1,589 $132
Security 2018 actual $2,066 $172
Janitorial & Supplies 2018 actual $16,772 $1,398
Management 4% $21,823 $1,819
Total $264,636 $22,053
PRO FORMA CAP RATE ANALYSIS
Net Operating Income (pro forma) $545,575
Purchase Price $9,300,000
Cap Rate 5.9%
Price Per Sq. FT. $375 Information is deemed reliable, although we have no reason to doubt its accuracy, it is not guaranteed