State Street retail building purchased by local business

If you have gold jewelry collecting dust or some leftover euros from a trip abroad, Paul Brombal can help. His family-owned business of 30 years, currently located at a storefront near Jeannine’s Bakery on upper State Street, will soon be moving a few blocks to the highly visible corner retail building formerly occupied by HoneyBaked Ham Company.

Brombal Coins & Jewelry purchased the 3,585 square foot building, located at 3000 State Street, from a local investor. Michael Martz and Kristopher Roth of Hayes Commercial Group represented the seller in the transaction. Dean Vanecek represented Brombal Coins & Jewelry.

“Commercial real estate sales have been picking up steam over the past year as demand has grown,” Kristopher Roth said. “This desirable property received multiple offers and sold for full asking price.”

“The building is highly recognizable and well known to Santa Barbara residents. It will definitely raise the profile of Mr. Brombal’s business,” added Michael Martz.

Mr. Brombal has not announced a timeline for the move.