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    50 Castilian Dr Goleta, CA 93117

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Office/R&D, Flexible Lease Terms

    Lot size:
    43,655 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional office and R&D building, situated within the Castilian Creative Campus in Goleta's thriving technology hub, offers a total of 43,655 square feet of versatile space. Ideally located near US 101, Santa Barbara Airport, and UCSB, this property boasts convenient access to major transportation routes and numerous amenities. The building features two floors, each independently leasable: a 21,160 square foot first floor and a 22,495 square foot second floor. The space is currently vacant and available immediately. To facilitate a smooth transition for new tenants, the lobby, restrooms, showers, and kitchen/break areas have already been upgraded. The asking rate is $1.72 NNN (.81). A master lease is in place, expiring February 28, 2032, with an eight-year term available. Tenant improvement allowances are negotiable. Building amenities include a new elevator, prominent monument and building signage, and modern men's and women's restrooms on each floor, with showers conveniently located on the first floor. The possibility of adding a roll-up door for R&D or lab use can be explored. The property's APN is 073-330-019, and its cross street is Cortona Dr. This is a single-tenant occupancy property.

    Property Features for 50 Castilian Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,655 SF

    Unit(s) available at that property

    Space
    Size
    43,655 SF
    Rate per SF
    $20

    HighLights

    • 43,655 SF of single‑tenant office space available for lease.
    • Located in Goleta's Tech Corridor, near US‑101, Santa Barbara Airport, and UCSB.
    • Building features two floors (21,160 SF and 22,495 SF) available separately or combined.
    • $1.72/SF NNN ($0.81/SF base rent); 8‑year lease term (master lease expires 2/28/32).
    • Tenant improvement allowance available; Building includes elevator, monument and building signage, and new restrooms and showers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.8637113
    Latitude
    34.4342256

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office/R&D, Flexible Lease Terms
    Where is this office property / space located?
    The property is located at 50 Castilian Dr Goleta, CA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 43,655 SF of single-tenant office space available for lease.; Located in Goleta's Tech Corridor, near US-101, Santa Barbara Airport, and UCSB.; Building features two floors (21,160 SF and 22,495 SF) available separately or combined.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Castilian Dr Goleta, CA 93117
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