Bentley Richards Acquires Retail Property In Santa Barbara For $5.96M
225 South Milpas Street, Santa Barbara, California 93103, United States
$5,959,183
$735/SF
Building Size
8,106 SF
Asset Type
Retail
Closing
May 25, 2022
AI
Located at 225 S. Milpas St. in Santa Barbara, this retail property was recently sold. The transaction took place on 05/26/2022 and was facilitated by Lior Regenstreif from Marcus & Millichap. The property spans 8,106 square feet and was sold for $5,959,183, resulting in a price per square foot of $735.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,959,183
- Address: 225 S. Milpas St.
- Market: Santa Barbara
Bentley Richards was the buyer of the property, while Katie Misch acted as the seller. Lior Regenstreif, representing Marcus & Millichap, was the broker involved in the deal.
Santa Barbara Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93