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    OFF-MARKET
    Commercial real estate

    5290 5290 Rd, Goleta, CA 93111

    2,120 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2,120 square foot office condo is situated in Goleta's desirable Creekside Plaza, a garden-style complex boasting convenient walking and biking trails. Ideally located, the property offers effortless access to Highway 101, the Magnolia Shopping Center, downtown Santa Barbara, and Santa Barbara Airport, ensuring high visibility and accessibility for both tenants and clients. This second-floor unit is conveniently served by an elevator and features multiple entrances, providing flexibility and convenience. Currently, the space is 100% leased, generating immediate income. The lease structure offers a blend of long-term and month-to-month tenancies, providing an investor with a stable income stream and the option for future adjustments. One lease is in place until November 2025, while the remaining tenants are on month-to-month agreements. This short-term lease flexibility presents a unique opportunity for either an investor seeking a strong return or an owner-user looking to occupy all or a portion of the space. The property's prime location, combined with its versatile lease structure and convenient amenities, makes it an attractive investment opportunity in a thriving market. The asking price is $880,000. This is a rare opportunity to acquire a well-located, income-producing commercial property in a highly sought-after area.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 2,120 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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