Three-Story Retail
For Sale
Contact for pricing
900 State St, Santa Barbara, CA 93101
Three-story, fee-simple retail property occupied by Marshalls of California with lease expiration in 2027.
Property Size38,015 SF
Lot Size0.50 Acres
Days on Market110
Property Features for 900 State St
General Information
Standard status
Active
Size
38,015 SF
Lot size
0.50 Acres
Property subtype
Retail
Additional Details
Cap Rate
4.41%
Building Details
Stories
3
Tenancy
Single
Listing Agency:
CBRE - South Bay
(310) 363-4899
Listed By:
Austin Wolitarsky · License #CA 01957206
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 23 at 1:44PM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This fee-simple retail property consists of a three-story building totaling approximately 38,015 square feet on about 0.50 acres. The asset is operated by Marshalls of California, LLC under an absolute NNN lease structure.
The tenant lease is in place until 11/17/2027, with rental increases tied to stated options. The offering notes an in-place NOI of $826,826 as of 11/18/2022 and includes a seller credit related to any rent difference between closing and the stated increase date.
The property is presented for sale with ownership of both land and building.
The tenant lease is in place until 11/17/2027, with rental increases tied to stated options. The offering notes an in-place NOI of $826,826 as of 11/18/2022 and includes a seller credit related to any rent difference between closing and the stated increase date.
The property is presented for sale with ownership of both land and building.
Key Highlights
- Marshalls retail property at 900 State Street, Santa Barbara, CA 93101, leased to Marshalls of California, LLC (TJX subsidiary).
- Absolute NNN (fee simple) lease structure with in‑place NOI of $826,826 and in‑place cap rate of 4.41%.
- Lease expiration on 11/17/2027, with rental increases tied to each option (per rent roll).
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,064
Businesses Nearby
298k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 24%
Shops & Services 18%
Groceries 16%
Leisure 16%
Ralphs
Groceries
46,819 visits/mo
0.2 miles
Marshalls
Apparel
37,135 visits/mo
0.1 miles
Metropolitan Fiesta 5 Theatre
Leisure
27,969 visits/mo
0.1 miles
World Market
Home Improvements & Furnishings
25,963 visits/mo
0.4 miles
Rusty's Pizza Parlor
Dining
12,585 visits/mo
0.4 miles
Demographics for 93101, CA
30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Three-story, fee-simple retail property occupied by Marshalls of California with lease expiration in 2027.
Where is this retail space located?
The property is located at 900 State St Santa Barbara, CA.
What are key features of this property?
This property features: Marshalls retail property at 900 State Street, Santa Barbara, CA 93101, leased to Marshalls of California, LLC (TJX subsidiary).; Absolute NNN (fee simple) lease structure with in‑place NOI of $826,826 and in‑place cap rate of 4.41%.; Lease expiration on 11/17/2027, with rental increases tied to each option (per rent roll).
