Remodeled Class A Office
For Sale
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125 Cremona Dr, Goleta, CA 93117
Class A office building in Santa Barbara tech and engineering market.
Property Size12,827 SF
Days on Market907
Property Features for 125 Cremona Dr
General Information
Standard status
Active
Size
12,827 SF
Listing Agency:
Hayes Commercial Group
(805) 563-2111
Listed By:
Francois DeJohn
(805) 898-4365
Source:
Exprealty
Added: May 14, 2024
Changed: Oct 25
Last Checked: Nov 4 at 5:07PM
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.
Located in the coastal Santa Barbara tech and engineering market, 125 Cremona Drive is part of the Tech Park @ Cremona business campus. This recently remodeled Class A building features efficient floor plans, abundant onsite parking, natural light, and mountain views. It also offers a gym and proximity to Highway 101, UCSB, and the Santa Barbara Airport. Suite 200 provides high-quality finishes and a modern design, incorporating private offices, meeting rooms, and an open bullpen area. It is available as either a 10,000 square foot or 12,827 square foot space. Suite 230 includes a lab, two windowed offices, a conference room, a large kitchen, and an open area. The property is suitable for office use.
Key Highlights
- Prominent Class A building in elite Tech Park @ Cremona.
- Recently remodeled with high‑quality finishes and modern design.
- Abundant onsite parking and convenient proximity to Highway 101, UCSB, and Santa Barbara Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,831
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,576,620
$4.6M
Cap Rate 7%
$3,269,014
$3.3M
Cap Rate 9%
$2,542,567
$2.5M
Market Conditions
NOI Build-Up for 12,827 SF
Gross rent
$338.6K $26.40/SF
− Vacancy
−$33.5K −$2.61/SF
EGI
$305.1K $23.79/SF
− OpEx
−$76.3K −$5.95/SF
NOI
$228.8K $17.84/SF
Area
Santa Barbara County, CA
Vacancy
9.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,576,620
Cap Rate 7%
$3,269,014
Cap Rate 9%
$2,542,567
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.81M
NOI $228,831 @ 7.0% cap · market cap 11,441,550.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.03M
$3.52M – $4.70M
NOI $281,811 @ 7.0% cap · market cap 14,090,550.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
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Business Placement
Demographics for 93117, CA
53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Class A office building in Santa Barbara tech and engineering market.
Where is this office unit located?
The property is located at 125 Cremona Dr Goleta, CA.
What are key features of this property?
This property features: Prominent Class A building in elite Tech Park @ Cremona.; Recently remodeled with high‑quality finishes and modern design.; Abundant onsite parking and convenient proximity to Highway 101, UCSB, and Santa Barbara Airport.
