1913, 1919 & 1921

STATE ST.SANTA BARBARA, CA 93101

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Three premier downtown

office buildings totaling

±24,764 SF on ±.92 acres

FOR SALE$ 9 , 9 5 0 , 0 0 0

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

The information provided here has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

This premier downtown State Street property provides approximately 150 linear feet of frontage with three individual buildings. Located near the high traffic volume intersection at State Street and Mission Street averaging approximately 14,000 cars per day. There is access on State and Mission Streets as well as easy access to and from Highway 101. Many of the suites have been updated with modern finishes and private restrooms. Extensive renovations include new HVAC, windows, roof and common-area improvements. The current tenancy provides value for an investor, or flexibility for an owner-user looking to occupy a portion of the building.

1919 State St. (Rear)

1913 State St. 1921 State St.

Offering Specifics

Building Sizes ±19,964 SF (1919 State St.)±3,191 SF (1921 State St.)±1,609 SF (1913 State St.)

±24,764 SF TOTAL

Land Size ±40,073 SF (.92 Acres)

Type Office

Price $9,950,000 ($402/SF)

Zoning C-G

Parking 2/1,000

APN 025-371-005, -009, -010

CSO 2%

Other HVAC

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

I N C O M E A N A LY S I S

Current Income

Suite Tenant Sq.Ft.NNN Rent/

SF NNN's NNN Rent Gross RentRent

Increases Lease Expiration Options

1913 Terrence Early, MD 1,609 $2.13 $1,367 $3,427 $4,794 9/1/2020 8/31/2024 None

101 Charter Communications 2,640 $2.14 $2,242 $5,650 $7,892 12/1/2020 11/16/2022 One 5-Year

102 Sten Ericson, DDS 2,105 $2.27 $1,788 $4,778 $6,566 11/1/2020 10/31/2023 Two 3-Year

201 Glen Lee, DDS 977 $2.19 $830 $2,140 $2,970 11/1/2020 11/1/2024 None

203 Vacant (Proforma) 907 $2.15 $770 $1,950 $2,720

204 Dr. Casey and Dr. Lee 1,055 $2.00 $896 $2,110 $3,006 8/1/2022 7/31/2022 One 2-Year

205 King Dental Group 1,065 $2.36 $905 $2,513 $3,418 11/1/2020 10/31/2021 One 5-Year

206 Dr. Casey and Dr. Lee 1,055 $2.00 $896 $2,110 $3,006 8/1/2022 7/31/2022 One 2-Year

207 AIMDYN, Inc. 1,071 $1.93 $910 $2,067 $2,977 MTM None

208 Sabrina Carter, MD 1,065 $1.98 $905 $2,109 $3,013 MTM None

301 Vacant (Proforma) 964 $2.15 $819 $2,073 $2,891

302 Vacant (Proforma) 1,215 $2.15 $1,032 $2,612 $3,644

303 Arrhythmia Consultants 700 $1.92 $595 $1,344 $1,939 6/30/2020 Two 1-Year

305&307 Sansum Med Clinic 2,346 $2.59 $1,993 $6,076 $8,069 12/31/2022 One 2-Year

306 Tim Spiegel 1,055 $1.93 $896 $2,036 $2,932 MTM

308 Nina Madavi 741 $2.14 $629 $1,586 $2,215 MTM

400 State 1919 LLC 1,000 $2.78 $0 $2,780 $2,780 1/31/2021 One 5-Year

1921A Vacant (Proforma) 1,665 $1.25 $1,414 $2,081 $3,496

1921B Vacant (Proforma) 1,526 $1.25 $1,296 $1,908 $3,204

Total Building SF: 24,764 SF Monthly Base Rent: $51,356

Tenant Reimbursable (NNN's): $21,035

Gross Monthly Rent (Base Rent + NNN's): $72,391

Annual Scheduled Income: $868,690

Vacancy Factor: 5%

*All utilities (electricity, gas, water, sewer, refuse) are master metered and billed back to the tenant. The estimated utility costs are $0.25/SF per month and are separate from the estimated NNN’s noted in this analysis.

Annual Gross Income: $825,255

Expenses With New Taxes:

Property Taxes $109,450

Insurance $14,200

Security $12,000

Parking Attendant & Repairs $48,400

Elevator $3,000

Fire Protection/Life Safety $2,640

Janitorial $15,260

Landscape $9,480

Property Management at 3% $24,973

Repairs & Maintenance $13,020

Annual Commercial Expenses ($0.85/SF) $252,423

Net Operating Income: $572,832

Estimated Lease up Costs (On Vacant Spaces) 6,277 SF

Tenant Improvements ($30/SF) $188,310

Lease Up Time (6 Months) $95,733

Leasing Brokerage (6% on 5 Year Deals) $38,245

Total Lease Up Costs $322,288

Cap Rate on Fully Stabilized Sale Price Sale Price

Fully Stabilized Sale Price

Values: 5.58% $9,950,000 $10,272,288

PPSF: $402 $415

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

MISSION ST.

PEDREGOSA ST.

CHAPALA ST.

STATE ST.

1921 STATE ST.

1919 STATE ST.

1913 STATE ST.

PARCEL2

PARCEL3

PARCEL1

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

F L O O R P L A N S | 1 9 1 9 S TAT E S T.

SUITE: 102

SUITE: 101

HALL

DRIVE AISLE

FIRST FLOOR PLAN1/8"=1'-0"

SUITE: 201SUITE: 203SUITE: 205

SUITE:207

SUITE: 204

SUITE: 206SUITE: 208

HALL

SECOND FLOOR PLAN1/8"=1'-0"

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

F L O O R P L A N S | 1 9 1 9 S TAT E S T.

SUITE: 301

HALL

SUITE:303

SUITE: 305

SUITE: 302SUITE: 306

SUITE:308

THIRD FLOOR PLAN1/8"=1'-0"

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

F L O O R P L A N | 1 9 2 1 S TAT E S T.

Medical/Office space is divisible to ±1,665 SF–±1,526 SF. Parking attendant available during peak hours.

ADA Restroom

ADA Restroom

RESTROOMOFFICEOFFICE

KITCHENETTE

OFFICE

RECEPTION

Not to scale

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748

F L O O R P L A N | 1 9 1 3 S TAT E S T.

± 2 4 , 7 6 4 S F O F F I C E B U I L D I N G S O N . 9 2 A C R E S F O R S A L E1 9 1 3 , 1 9 1 9 & 1 9 2 1 S t a t e S t . | S a n t a B a r b a r a , C A 9 3 1 0 1

2 0 5 E . C A R R I L L O S T . S U I T E 1 0 0 | S A N T A B A R B A R A C A 9 3 1 0 1 | 8 0 5 . 9 6 5 . 5 5 0 0 | R A D I U S G R O U P . C O M7.1 4 . 2 0

B ob Tuler805.879.9605btuler@radiusgroup.comCA Lic. 00643325

G ene D eering805.879.9623gdeering@radiusgroup.comCA Lic. 01450943

Jus tin Diem805.879.9634

jdiem@radiusgroup.comCA Lic. 02058176

Paul G amb erdella805.879.9622

pgamberdella@radiusgroup.comCA Lic. 01267748