Three-Story Retail
900 State St Santa Barbara, CA 93101
For Sale
Contact for pricing
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 Market106
Property Features for 900 State St
General Information
- Standard status
- Active
- Size
- 38,015 SF
- Lot size
- 0.50 Acres
- Property subtype
- Retail
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
Location Intelligence
Current Use by Public Records
Marshalls
Department Store
FAQs
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).
