126 E. Haley St.
Santa Barbara, CA 93101
$700,000 Price Reduction. Now arranging property tours.
CALL FOR OFFERS: November 21, 2019. Having recently undergone a $1.5-million renovation and benefiting from an ideal location two blocks from State Street and within 0.5 miles of the Funk Zone, The Platform is one of the most desirable assets in the Santa Barbara market. The Platform is currently 97% leased by 12 tenants with a weighted average remaining lease term of 2.27 years. Accommodating the diverse tenant mix is highly-functional and versatile space which is suitable for a wide-range of office, flex industrial, and retail tenants. Situated in the Lagoon District, the Property is part of the warehouse-laden Haley Street Corridor which is Santa Barbara’s burgeoning creative neighborhood just east of downtown. The Property offers immediate access to State Street and is a 10-minute walk to the Funk Zone – a vibrant waterfront district with a thriving amenity base. The Platform represents an opportunity to acquire a recently renovated, stabilized property with the optionality to unlock a value-add component by renovating 417 Santa Barbara Street and marking near-term lease expirations to market.