Property Description
Rare opportunity to acquire a three building medical / dental project in Goleta. The offering includes two parcels, which may be sold separately, but ideally together. Patterson Professional Plaza is conveniently located near the Goleta Valley Cottage Hospital, Highway 101 and is only 10 minutes from downtown Santa Barbara. With 5/1000 on-site parking, approximately 25,000 sf of surplus land, below market rents and 2-4 suites potentially available, this is a compelling value-add investment, condo conversion, redevelopment or owner-user opportunity. PARCEL 034 -- BUILDING C
APN,065-050-034
Building Size,11,468 sf
Buildings,1 two-story building
Land Size,46,174 sf (1.06 acres)
Coverage Ratio,25%
Zoning,OI (office and institutional)
Parking,59 spaces (5.1/1000)
Year,1984
Power,800 amps
Roofs,Replaced in 2009
Surplus Land,Possibly, if full redevelopment
# of Suites,4 (all occupied, but 2 can be available)
# of Tenants,3
Asking Price,$4,500,000
Price PSF,$392
PARCEL 033 -- BUILDINGS A & B
APN,065-050-033
Building Size,19,427 sf
Buildings,2 two-story buildings
Land Size,98,881 sf (2.27 acres)
Coverage Ratio,20%
Zoning,OI (office and institutional)
Parking,100 spaces
(5.1/1000)
Year,1975
Power,100 amps (bldg A);
800 amps (bldg B)
Roofs,Replaced in 2009
Surplus Land,Common tennis court not being used, approximately 25k sf
# of Suites,14 (2 vacant)
# of Tenants,12
Asking Price,$8,500,000
Price PSF,$438 (includes surplus land)