Updated Oct 28, 2024
John Dixon's Tri-County Produce Sells Office In Santa Barbara, CA For $9.7M
335 South Milpas Street, Santa Barbara, California 93103, United States
$9,700,000
Building Size
—
Asset Type
Office
Closing
Nov 5, 2022
About this deal
AI
The office property located at 335 S Milpas St in Santa Barbara, CA has been sold for a total of $9,700,000. The property sits on 1.35 acres of land. John Dixon represented the seller, Tri-County Produce, in this transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,700,000
- Address: 335 S Milpas St, Santa Barbara, CA
- Market: Santa Barbara, CA
- Asset Type: Office
- Lot Size: 1.35 acres
This sale was completed on 11/06/2022, and the property was listed by John Dixon from Tri-County Produce. With the transaction amount of $9,700,000, this deal represents a significant investment in the office market of Santa Barbara, CA.
Players
Santa Barbara Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93