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Property profile & analytics
OFF-MARKET Estimated value $59,165,000
Office buildings

50 Castilian Dr 100 Goleta, CA 93117-3080

3.35 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-1295712
Property summary
AI-generated overview

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 profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Lot 3.35 ac (145,926 SF)
APN 073-330-019
UPID US09-1295712
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$59.17M
Owner & transaction history
Mst Global LLC · 4 yrs held
Mst Global LLC
since 2022
Last sale
$61.0M
6 recorded transactions
2022
$13.9M
2021
Price N/A
2019
$35.7M
1998
Price N/A
1994
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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