UCOP Acquires Santa Barbara Office Building For $104 Million

100 Innovation Pl. in Santa Barbara has been sold in a recent transaction. The property is an office building with a total area of 122,925 square feet. The sale price for this transaction was $104,000,000, resulting in a price per square foot of $846. The transaction took place on 06/22/2022.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $104,000,000
• Address: 100 Innovation Pl.
• Market: Santa Barbara
• Buyer: UCOP
• Seller: QAD
• Brokers: Kevin Donner, Rick Ingwers, Benjamin Lushing & Brad Rogers - Cushman & Wakefield

The buyers in this transaction are UCOP, while the sellers are QAD. The deal was facilitated by Kevin Donner, Rick Ingwers, Benjamin Lushing, and Brad Rogers from Cushman & Wakefield. These brokers played a key role in the successful completion of the transaction.