29 Calle LaurelesSanta Barbara, CA 93105

Property Details for 29 Calle Laureles

Lot size

0.11 AC

Property type

Office properties

Property subtype

Other office properties

APN

051-630-006

APU

51630006

Description

This stunning, architecturally award-winning (AIA/SB Green Award, 2006) office space totals 6,818 square feet and is ideally situated in Santa Barbara. The single-tenant property boasts high ceilings, skylights, and a sophisticated sound system featuring surround-sound speakers. Large sliding glass doors enhance natural light and create a bright, open atmosphere. The building offers prominent signage and ample parking, including 20 spaces (18 shared spaces plus a private two-car garage with high ceilings). The convenient location is directly across from Trader Joe's and is surrounded by popular local businesses such as Validation Ale, Los Agaves, Handlebar Coffee, and Bree'osh. Its proximity to Cottage Hospital and the vibrant downtown Santa Barbara and Upper State areas adds to its appeal. The property is zoned C-2 and is immediately available for a minimum two-year lease. The new rate is $1.65 per square foot, NNN (.93). The building features HVAC throughout. This exceptional space offers a unique blend of functionality, style, and prime location, making it an ideal opportunity for a discerning tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,491,974

  6.5%

  $1,377,206

  7%

  $1,278,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $951,180

  Geo Method

  $951,180

• Alternative Use

  Use

  Valuation

  Residential

  $1,707,736

  Hospitality

  $1,564,277

  Educational

  $1,301,460

  Medical

  $1,346,219

  Retail

  $2,024,493

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4392

Longitude

-119.728

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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