122 S Patterson Avenue, Goleta, CA 93111

Property Description

Rare opportunity to acquire a three building medical / dental project in Goleta. The offering includes two parcels, which may be sold separately, but ideally together. Patterson Professional Plaza is conveniently located near the Goleta Valley Cottage Hospital, Highway 101 and is only 10 minutes from downtown Santa Barbara. With 5/1000 on-site parking, approximately 25,000 sf of surplus land, below market rents and 2-4 suites potentially available, this is a compelling value-add investment, condo conversion, redevelopment or owner-user opportunity. PARCEL 034 -- BUILDING C APN,065-050-034 Building Size,11,468 sf Buildings,1 two-story building Land Size,46,174 sf (1.06 acres) Coverage Ratio,25% Zoning,OI (office and institutional) Parking,59 spaces (5.1/1000) Year,1984 Power,800 amps Roofs,Replaced in 2009 Surplus Land,Possibly, if full redevelopment # of Suites,4 (all occupied, but 2 can be available) # of Tenants,3 Asking Price,$4,500,000 Price PSF,$392 PARCEL 033 -- BUILDINGS A & B APN,065-050-033 Building Size,19,427 sf Buildings,2 two-story buildings Land Size,98,881 sf (2.27 acres) Coverage Ratio,20% Zoning,OI (office and institutional) Parking,100 spaces (5.1/1000) Year,1975 Power,100 amps (bldg A); 800 amps (bldg B) Roofs,Replaced in 2009 Surplus Land,Common tennis court not being used, approximately 25k sf # of Suites,14 (2 vacant) # of Tenants,12 Asking Price,$8,500,000 Price PSF,$438 (includes surplus land)