SANTA BARBARA, Calif.—January 30, 2017—The Santa Barbara office of Lee & Associates, the largest broker-owned commercial real estate in North America, has negotiated a $7.2 million transaction for a 9,526-square-foot restaurant, including a 12,000-square-foot beachfront lot at 29 E. Cabrillo Street, Santa Barbara. Stephen Leider of Lee & Associates Santa Barbara, along with Mark Mattingly of Pacifica Commercial Realty, represented the seller, The Phyllis Ormonde Trust. “The buyer owns adjacent parcels to the property, and is…
Lee & Associates Negotiates Sale of Entitled Land Parcel
GOLETA, Calif.—January 25, 2017—An entitled land parcel located at the intersection of Hollister Avenue and Fairview, in Goleta, was purchased for $3,250,000. The Lee & Associates Santa Barbara team of Rob Adams and Steve Leider, represented parties in the sales transaction of the 34,848-square-foot parcel.
Lee & Associates sells 11,404 Sq. Ft Office Building
SANTA MARIA, Calif.—December 12, 2016—An office/warehouse property located at 3030 Skyway Drive in Santa Maria, in the Skyway Business Park. The Lee & Associates team of Natalie Wagner and Marty Indvik, who represented the seller, The American Red Cross, and Tom Davidson , representing the buyer, negotiated the sales transaction of this Class A 11,404-square-foot concrete tilt-up building.
Lee & Associates represents Buyer in Multi-Family Sale
SANTA BARBARA, Calif.—November 14, 2016—A multi-family complex property located at 6503 Pardall Road in Santa Barbara, was purchased for $1,870,000. Lee & Associates Associate Rob Adams, who represented the buyer, negotiated the sales transaction of the 7-unit apartment complex.
Lee & Associates Negotiates Long-Term Lease for California Electric Supply
Lee & Associates Central Coast Negotiates Long-Term Lease for California Electric Supply SANTA MARIA, Calif.—November 14, 2016—The Central Coast offices of Lee & Associates, the largest broker-owned commercial real estate firm in North America, has negotiated a long-term industrial lease for California Electric Supply (CES). Al Segal and Marty Indvik, who are principals in Lee & Associates’ Los Olivos and San Luis Obispo offices respectively, represented CES in negotiating the 10-year lease for…
Lee & Associates Negotiates Downtown Santa Barbara Building Sale
Lee & Associates Negotiates Downtown Santa Barbara Building Sale SANTA BARBARA, Calif.—October 28, 2016—A free-standing, 10,723-square-foot building located in Santa Barbara’s central business district, was sold for $5.3 million. Clarice Clarke and Steve Leider of Lee & Associates Santa Barbara, and Paul Capra of Lee & Associates LA/North Ventura, represented the seller, WAAM LLC. The buyer, Foundation for Santa Barbara City College, represented themselves. Built in 1974 and renovated in 2007-2008, the property is located at…
Multi-Family Project Sells for $5.8 Million
PASO ROBLES, Calif.—October 26, 2016—The Buena Vista Apartments, a 144-unit multifamily complex located at 708-1002 Experimental Station Road in Paso Robles, was sold for $5,805,000. Marty Indvik of Lee & Associates San Luis Obispo and Jim Fisher and Michael Smith of Berkadia, represented the seller, Arjun Buena Vista Properties LLC. The buyer, MBK Rental Living, LLC, represented themselves. The 202,299-square-foot multifamily property is situated on approximately 12.5 acres with 144 units. It is…
Lee & Associates Negotiates Off-Market Sale Santa Barbara’s Funk Zone
SANTA BARBARA, Calif.—October 4, 2016—A retail property located at 36 E. Montecito Street in Santa Barbara, was purchased at a record-breaking $1,866.67 per square foot. The Lee & Associates Santa Barbara team of Christi Vior, who represented the buyer, 34 East Montecito 2016, LLC, and Rob Adams and Steve Leider, representing the seller Avis Rent A Car, negotiated the sales/leaseback transaction of the 1,350-square-foot property. “This transaction is marked by a record-setting price per-square-foot,” said Adams…