NNN-Leased Flex
For Sale
$12,000,000
1050 Cindy Lane, Carpinteria, CA 93013
Flex facility is NNN-leased and 100% occupied, with four roll-up doors for loading and distribution.
Property Size44,992 SF
Price / SF$266.71
Days on Market69
Property Features for 1050 Cindy Lane
General Information
Standard status
Active
Size
44,992 SF
Zoning
MRP
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
44,992 SF
Year Built
1980
Listing Agency:
Hayes Commercial Group
Listed By:
Francois DeJohn · License #CA01144570
(805) 898-4365
Source:
Evrealestate
Added: Jul 6
Changed: Aug 23
Last Checked: Sep 12 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group
Investment Insights
Based on property information with market context.
This NNN-leased flex facility is 100% occupied by NuSil Technology and is offered for sale. The building provides a versatile mix of R&D, office, and lab space designed to support advanced manufacturing and technology-driven operations.
Located at the top of the Carpinteria Business Park at 1050 Cindy Lane in Carpinteria, the property offers ocean and mountain views. The site also provides proximity to Highway 101 and convenient access to the Santa Barbara and Ventura labor markets, with coastal amenities nearby.
Operationally, the facility is set up for efficient logistics, including four roll-up doors that provide convenient loading and distribution capabilities.
Located at the top of the Carpinteria Business Park at 1050 Cindy Lane in Carpinteria, the property offers ocean and mountain views. The site also provides proximity to Highway 101 and convenient access to the Santa Barbara and Ventura labor markets, with coastal amenities nearby.
Operationally, the facility is set up for efficient logistics, including four roll-up doors that provide convenient loading and distribution capabilities.
Key Highlights
- NNN‑leased flex facility built in 1980
- 100% occupied by NuSil Technology
- Space includes a mix of R&D, office, and lab space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$576,906
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,538,120
$11.5M
Cap Rate 7%
$8,241,514
$8.2M
Cap Rate 9%
$6,410,067
$6.4M
Market Conditions
NOI Build-Up for 44,992 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$917.8K $20.40/SF
− Vacancy
−$30.3K −$0.67/SF
EGI
$887.5K $19.73/SF
− OpEx
−$310.6K −$6.90/SF
NOI
$576.9K $12.82/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,538,120
Cap Rate 7%
$8,241,514
Cap Rate 9%
$6,410,067
Alternative Uses
Best Use
Flex RnD
$8.24M
$7.21M – $9.62M
NOI $576,906 @ 7.0% cap · market cap 4.81%
Second Best
Industrial
$3.94M
$3.44M – $4.59M
NOI $275,530 @ 7.0% cap · market cap 2.30%
Theoretical Best
Multifamily LT 5
$14.12M
$12.36M – $16.47M
NOI $988,479 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93013, CA
16,299
Population
7,640
Households
2.1
Avg Household Size
45
Median Age
46%
College-Educated
87%
High-School Grad
41.4 sq mi
ZIP Area
394
Density / Sq Mi
$115,633
Median Household Income
$49,017
Median Earnings
$2,331
Median Rent
$1,074,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex facility is NNN-leased and 100% occupied, with four roll-up doors for loading and distribution.
Where is this flex space located?
The property is located at 1050 Cindy Lane Carpinteria, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: NNN‑leased flex facility built in 1980; 100% occupied by NuSil Technology; Space includes a mix of R&D, office, and lab space
