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UCOP Acquires Santa Barbara Office Building For $104 Million

100 Innovation Place
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This Office property located in CA was sold for $104,000,000 almost 2 years ago. The brokers of the deal were Kevin Donner, Richard "Rick" Ingwers, Bradford Rogers, and Benjamin (Ben) Lushing

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

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.

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Deals
  • Location
    100 Innovation Place, Summerland, California 93067, United States100 Innovation Place, Summerland, California 93067, United States
  • Sale Price
    $104,000,000$104,000,000
    $846 PPSF$846 PPSF
  • Area
    122,925 SF122,925 SF
  • Asset Type
    OfficeOffice
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Benjamin (Ben) Lushing

Benjamin (Ben) Lushing

Deals9
Sold$1.5B

Kevin Donner

Kevin Donner

Deals36
Financed$7.8B

Agencies

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4186
Volume$167B

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Deal Summary

SALE IMAGE: Kevin Donner, Rick Ingwers, Ben Lushing & Brad Rogers DATE: 06/22/2022 ADDRESS: 100 Innovation Pl. MARKET: Santa Barbara ASSET TYPE: Office BUYER: UCOP SELLER: QAD BROKERS: Kevin Donner, Rick Ingwers, Benjamin Lushing (@BenLushing) & Brad Rogers - Cushman & Wakefield (@CushWake) SALE PRICE: $104,000,000 SF: 122,925 ~ PPSF: $846

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100 Innovation Place

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