NNN-Leased Flex
For Sale
$12,000,000
Pending
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
Days on Market122
Property Features for 1050 Cindy Lane
General Information
Standard status
Pending
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
(805) 898-4365
Source:
Evrealestate
Added: Jul 6
Changed: Oct 31
Last Checked: Nov 4 at 11:05AM
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
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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 / Yr
$576,906
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
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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
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Market
Vacancy Rate% for Industrial in West region
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
