600 Pine Avenue, GOLETA, CA 93117
$21,500,000
Property Type:
Comm/Ofc
Square Footage:
83,479
Lot Size (sq. ft.):
286,625
Status:
Closed
Current Price:
$21,500,000
List Date:
8/15/2017
Last Modified:
4/29/2019
Description
Now providing a 7.6% cap rate, this stabilized investment is 100% leased to Orbital ATK (NYSE: OA), an aerospace and defense contractor with a market cap of $7.74 billion. Orbital ATK is being acquired by Northrop Grumman (NYSE: NOC), pending FTC approval, in 2018. Situated near UCSB, Santa Barbara Airport, Goleta Beach, and Goleta Cottage Hospital, this office/R&D property presents an ideal asset to capitalize on Goleta's booming engineering and technology corridor and highly-educated population base.
More Information MLS# 17-2762
Location Info
District: 35 - SB/GOL NORTH
Street #: 600
Street Name: Pine
Street Suffix: Avenue
State/Province: CA
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: G11
County: Santa Barbara
Parcel Number: 071-130-040
Cross Street: Thornwood
Contract Info
Current Price: $21,500,000
Price: 22950000
Buyers Agent $/%: 1
Begin Date: 2017-08-15
Status: Closed
Property Information
TYP: Commercial
For Sale/Lease: For Sale
Gross Sq Ft: 83479
Nt Rt Sq Ft.: 83479
Total SqFt.: 83479
Apx # Acres: 6.58
Remarks
Hot Sheet Comment: price
Status Change Info
Sold Date: 2019-01-31
Sold Price: $21,500,000
Under Contract Date: 2018-07-23
Business Info
# Pk/1000: 2.6
Lease Rate: $1.69 NNN
Lease Term: Through 7/31/2025
Property Features
Use: Office; R&D
Zoning: MRP
Terms: Other
Listing Type: ER
Listing Office: Hayes Commercial Group
Last Updated: April - 29 - 2019
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