101 W Canon Perdido St & 102 W De La Guerra St, Santa Barbara
The offering is comprised of two properties in an outstanding location, across the street from Paseo Nuevo mall on the ascendant Chapala Street corridor. This is a high-value block both for office property and other uses, such as residential development.
The commercial condominium is located in a Santa Barbara landmark, a 67,947 SF three-story building dating from the 1930s at 101 W Canon Perdido St. The condo consists of portions of all three floors, all elevator-served.
The adjacent parcel at 102 W De La Guerra St is improved as a parking lot that will generate income as-is, and potential exists to add value through entitlements.