2704 De La Vina St - hayescommercial.com
Transcript of 2704 De La Vina St - hayescommercial.com
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
CALL FOR OFFERS
SUBMIT BY 7/28See page 3 for details.
For Sale | Re-development Opportunity in Thriving Neighborhood | 7,614± SF on 30,342 SF land
2704 De La Vina StS A N T A B A R B A R A , C A
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
PROPERTY SUMMARYFive contiguous parcels totaling 30,342 SF are available for sale near the highly-trafficked intersection of De La Vina and Alamar streets, in a thriving and desirable neighborhood. Extremely well-positioned among Trader Joe’s, Los Agaves, Handlebar Coffee, Bree’osh, and near Cottage Hospital, as well as the many amenities of downtown Santa Barbara and Upper State. High development potential for possible residential or mixed-use project. Land Use and other reports available for review.
Addresses: 2704-2714 De La Vina St; 140 & 144 Alamar St
Building Size: 7,614± SF of commercial space, 4 single-family residential units, and 2 out structures
Land Size: 30,342 SF across 5 parcels
Price: Call for offers — submit by 7/28 (see details on following page)
APNs: 051-220-009, -010, -012, -013, -014
Zoning: C-G
Sprinklers: No
Parking: 31 existing spaces, according to city records
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
Cottage Hospital
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
PARCEL OVERVIEW
DE LA VINA STREET
ALA
MA
R STREET
2714 De La Vina
APN 051-220-014
4,105 SF building
6,055 SF land
140 Alamar AveAPN 051-220-009
978 SF building + 192 SF shed6,949 SF land
144 Alamar AveAPN 051-220-010
936 SF building6,020 SF land
2710 De La Vina
APN 051-220-013
2,000 SF building
5,995 SF land
2704 De La Vina
APN 051-220-012
2,662 SF building
5,413 SF land
Public utilities
Public street
easement
CALL FOR OFFERS• Suggested offer price is $4.5M or greater
• Offers should be for the entire assem-blage of parcels. Parcels will not be sold individually.
• The deadline for offers is July 28 at 5:00 pm Pacific Time. All offers will be responded to by 5:00 pm on July 30.
• Any “early bird” offers presented prior to July 28 will be held until the 28th.
• All buildings are to be sold in an “as-is, where-is” condition. Their condition can be described as fair to poor.
• The seller will not make any intentional changes to tenancy nor any guarantees of any tenancy.
• No seller financing is available.
• There will be no open house to view the properties prior to submission of offers. The selected buyer will have access to the property during due diligence.
Please note:• All offers shall be provided on the AIR
form standard offer, agreement and escrow instructions.
• In addition to the purchase offer, all sub-mittals should include proof of funds and a list and brief description of develop-ment projects that the buyer has com-pleted within the City of Santa Barbara.
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
140 ALAMAR AVE
2BD/1BA home with Santa Barbara stone and historic charm.
APN: 051-220-009
Building Size: (1) single family residential unit (free-standing; 2BD/1BA, 978 SF) & 192 SF shed
Land Size: 6,949 SF
Parking: 6 spaces
ALA
MA
R AV
ENU
E
DE LA VINA STREETThe information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
144 ALAMAR AVE
APN: 051-220-010
Building Size: (1) single family residential unit (free-standing; 3BD/1BA, 936 SF)
Land Size: 6,020 SF
Parking: 6 spaces
ALA
MA
R AV
ENU
E
DE LA VINA STREET
3BD/1BA home with craftsmen-inspired styling.
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
2704 DE LA VINA ST
APN: 051-220-012
Building Size: Commercial — 2,662 SF (includes 120 SF cooler and 192 SF shed
(1) single family residential unit (upstairs) no size or bed/baths for this residential unit
Land Size: 5,413 SF
Parking: 7 spaces
ALA
MA
R AV
ENU
E
DE LA VINA STREET
Currently home to Mayo’s Taqueria and Carniceria. This 2,662 SF building also contains an attached apartment at the rear of the property.
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
2710 DE LA VINA ST
APN: 051-220-013
Building Size: 2,000 SF (permits not found for an additional 750 SF at rear)
Land Size: 5,995 SF
Parking: 11 spaces
ALA
MA
R AV
ENU
E
DE LA VINA STREET
This 2,000 SF building is 100% occupied by Edomasa Sushi Bar & Japanese restaurant. The building includes a rear office space and 11 parking spaces.
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
2714 DE LA VINA ST
APN: 051-220-014
Building Size: Commercial — 2,952 SF 1BD/1BA single family residential unit (free-standing; 1,153 SF)
Land Size: 6,055 SF
Parking: 1 space
ALA
MA
R AV
ENU
E
DE LA VINA STREET
Multi-tenant building shared by Iyengar Yoga Studio and Daniel’s Bakery. There is a detached 1BD/1BA residence and a storage shed.
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
A new development on this property would be perfectly positioned to attract residents and businesses that value the proximity to Cottage Hospital, Trader Joe’s, and numerous popular destinations like Handlebar Coffee Roasters, The Daily Grind, Bree’Osh, Presto Pasta and Los Agaves.
This location is currently part of the City’s AUD Medium Density zone which allows for 15-27 units per acre. Recent housing projects in the City of Santa Barbara have been able to add bonus density under California state regulations which offer bonus density to projects that meet certain criteria.
A preliminary land use report is available for review; all buyers are encouraged to make their own investigations into allowable unit counts, commercial square footage, or hotel rooms that may be permissible developments at this site.
RE-DEVELOPMENT POTENTIALTWLANDPLANNING&DEVELOPMENT,LLCSANTABARBARAOFFICEVENTURAOFFICE903StateStreet,Suite2021068E.MainStreet,Suite225SantaBarbara,CA93101Ventura,CA93001Ph:(805)698-7153
DUEDILIGENCEMEMORANDUMTO:LiamMurphy,HayesCommercialFROM:TroyA.White,AICPDATE:03/03/2019SUBJECT:DueDiligence–DeLaVinaStreet&W.AlamarAvenue,SantaBarbara,CAAs per your request, please find below the due diligence evaluation of the subject property,focused primarily on redevelopment opportunities thatmay be possible at 2710-2718 De LaVina Street and 140-144 W. Alamar Avenue in Santa Barbara, CA. TW Land Planning &Development, LLC (TWLandP&D)hasreviewedtheCityofSantaBarbara (City)GeneralPlan(GP)andTitle30“New”ZoningOrdinance(NZO).Availablepermitfilesforthesubjectpropertyhave been obtained and reviewed by TW Land P&D. Additional research beyond this duediligence investigationmay be requireddependingupon theneedsof theprospectivebuyer.ConfirmationbyCitystaffofinitialconclusionsidentifiedhereinishighlyrecommended.
GENERALPLANNINGINFORMATION
SITE#1Address:2714/2718/2718½DeLaVinaStreetParcelNumber:051-220-014GP:Commercial/MediumHighResidential(15-27du/acre)Zoning:C-G(CommercialGeneralZone)
USS(UpperStateStreetOverlay)Chapter30(“New”ZoningOrdinance/NZO)appliestothisproperty.PropertyisNOTlocatedintheCoastalZone.ProjectisNOTlocatedintheElPuebloViejoLandmarkDistrict.
SITE#2Address:2710/2712DeLaVinaStreetParcelNumber:051-220-013GP:Commercial/MediumHighResidential(15-27du/acre)Zoning:C-G(CommercialGeneralZone)
USS(UpperStateStreetOverlay)Chapter30(“New”ZoningOrdinance/NZO)appliestothisproperty.PropertyisNOTlocatedintheCoastalZone.ProjectisNOTlocatedintheElPuebloViejoLandmarkDistrict.
DISCLAIMER: The information contained herein is intended to offer information and guidance relevant to the use and development of the above-referenced property. Information and analysis should generally be deemed reliable, but is not guaranteed. DELAVINASTREET&W.ALAMARAVENUE,SANTABARBARA,CADUEDILIGENCEMEMO03/03/2019Page2of30
SITE#3
Address:2704/2706D
eLaVinaStreet
ParcelNumber:051-22
0-012
GP:Commercial/MediumHighResidential(15-2
7du/acre)Zoning:C-G
(CommercialGeneralZone)
USS(UpperStateStre
etOverlay)
Chapter30(“New”Zo
ningOrdinance/NZO)
appliestothispropert
y.
PropertyisNOTlocate
dintheCoastalZone.
ProjectisNOTlocated
intheElPuebloViejo
LandmarkDistrict.
SITE#4
Address:144W.AlamarAvenue
ParcelNumber:051-22
0-010
GP:MediumHighResidential(15-2
7du/acre)
Zoning:R-MH(Residen
tial,Medium-HighDensityZone)
C-G(CommercialGeneralZone)
USS(UpperStateStre
etOverlay)
Chapter30(“New”Zo
ningOrdinance/NZO)
appliestothispropert
y.
PropertyisNOTlocate
dintheCoastalZone.
ProjectisNOTlocated
intheElPuebloViejo
LandmarkDistrict.
SITE#5
Address:140W.AlamarAvenue
ParcelNumber:051-22
0-009
GP:MediumHighResidential(15-2
7du/acre)
Zoning:R-MH(Residen
tial,Medium-HighDensityZone)
C-G(CommercialGeneralZone)
USS(UpperStateStre
etOverlay)
Chapter30(“New”Zo
ningOrdinance/NZO)
appliestothispropert
y.
PropertyisNOTlocate
dintheCoastalZone.
ProjectisNOTlocated
intheElPuebloViejo
LandmarkDistrict.
DELAVINASTREET&
W.ALAMARAVENUE,SANTAB
ARBARA,CA
DUEDILIGENCEMEMO
03/03/2019
Page3of30
SITESTATISTICS*
SITE#1:2714/2718/2
718½DeLaVinaStre
et
ExistingBuildingArea(s):2
,952SF(commercial)
(1)1-bedsinglefamilyresidentia
l(SFR)unit(free-standing
;1,153SF)LotArea(s):6,0
05SF
(0.14ac)
ExistingParking:1space
Req’dParking:2,952SFx
4spaces/1,000SF=11sp
aces
1SFRunitx2spaces/unit
=2spaces
SITE#2:2710
/2712DeLaVinaStreet
ExistingBuildingArea(s):2
,000SF(permitsnotfound
foranadd’l750SFatbld
g.
rear)LotArea(s):5,955SF
(0.14ac)
ExistingParking:11space
s
Req’dParking:2,000SFx
4spaces/1,000SF=8spa
ces
SITE#3:2704/2706DeLa
VinaStreet
ExistingBuildingArea(s):2
,662SF[2,350SFCommercial(1967)
+120SFCooler(1978-198
0)
+192SFShed(1984)]
(1)singlefamilyresidentia
l(SFR)unit(upstairs)
LotArea(s):5,413SF(0.12
ac)
ExistingParking:7spaces
Req’dParking:2,470SFx
4spaces/1,000SF=9spa
ces
1SFRunitx2spaces/uni
t=2spaces
SITE#4:144W.AlamarAvenue
ExistingBuildingArea(s):(
1)singlefamilyresidentia
l(SFR)unit(free-standing
;3+1,936
SF)LotArea(s):6,020SF(
0.14ac)
ExistingParking:6spaces
Req’dParking:1SingleFa
milyDwellingUnits(du)x2s
paces/du=2spaces
SITE#5:140W.AlamarAvenue
ExistingBuildingArea(s):(
1)singlefamilyresidentia
l(SFR)unit(free-standing
;2+1,978SF)&
192SFshed
LotArea(s):6,949SF(0.16
ac)
ExistingParking:6spaces
Req’dParking:1SingleFa
milyDwellingUnits(du)x2s
paces/du=2
spaces
DELAVINASTREET&W.ALAMARAVENUE,
SANTABARBARA,CA
DUEDILIGENCEMEMO
03/03/2019
Page4of30
TOTAL
ExistingBuildingArea(s):7
,614SF(commercial)/4SFR
’s(residential)[w/oshed
areas]LotArea(s):30,342
SF(0.70ac)
ExistingParking:31space
s
Req’dParking:41spaces
*Lotareasobtainedfrom
CityGIS.Buildingareas/p
arkingspacesarebasedon
areviewofCitypermitfilesand/or
aerial
photography.City-approv
edBuildingPlanshavenot
requested/reviewed.Physicals
itemeasurementsandreviewofCity’s
ArchitecturalArchivesare
recommended.
EXECUTIVESUMMARY
EXISTINGDEVELOPMENT
Forpurposes
ofthismemo,thesubjectpropertyis
comprisedoffive(5)separate
assessor’s
parcels.
Site#1ofthesubjectprop
ertyappearstobedevelop
edwitha2,952SFsingle-s
toryretail
commercialbuildingandafree-s
tanding1-bedroomapartmentunitatth
erearoftheparcel.
Site#2appearstobedeve
lopedwitha2,000SFsing
le-storyretailcommercialbuildin
g,witha
750SFaddition.
Site#3appearstobedeve
lopedwithatwo-storymixed-usebuild
ingwithapprox.2,470SFo
f
groundfloorcommercial,anups
tairsapartmentunit,anda192SFshe
d.
Site#4isdevelopedwitha
single-storyhouse.
Site#5is,also,developedw
ithasingle-storyhousean
da192SFshed.
Note,theresidentialhous
esatSite#s4-5areconsid
eredhistoricstructures.
Baseduponareviewofthe
CityofSantaBarbara’spla
nning/streetfiles(note,a
reviewofCityof
Santa Barbara Architectu
ral Archive plans has not
been conducted), the to
tal “permitted”
buildingareaonSite#’s
1-5appearstoconsistofa
pproximately7,614SFofcommercialarea
andfour(4)singlefamilyresidentia
lunits.
DELAVINASTREET&W.ALAMARAVENUE,
SANTABARBARA,CA
DUEDILIGENCEMEMO
03/03/2019
Page5of30
HIGHEST&BESTUSEDISC
USSION
Theidentifica
tionofahighest-and-best
use(s)foranypropertyiss
ubjectiveandoftendepen
ds
ontheuniqueinvestmentgoalsand
businessobjectivesofap
articularindividualand/or
group.
Absenttheidentificationo
faspecificinvestor,thisd
iscussionisintendedtoad
dressthebroad
interests ofthe marketplace a
nd providesa high-level
review of potential devel
opment/
redevelopment scenarios that could
be explored further. No
economic analysis has been
preparedforanydevelopm
ent/redevelopmentscenario
presentedherein.Theiden
tificationof
the development/ redevel
opment scenarios presented
herein was not the produ
ct of an
exhaustivereview/analysis
;theremaybeother,betteroption
swhichhaveyettobeide
ntified
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
LAND SALE COMPARABLES
Address City Type DealDate Price BldgSF BldgPPSF ParkingRatio Zoning LandSF LandPSF SiteCoverage428ChapalaSt SantaBarbara Retail/Land 06/24/2020 $2,440,000 3,020 $808 9.9 M-C 16,117 151.39$ 19%320-322ECota,St SantaBarbara Industrial/Land 12/29/2020 $2,725,000 3,288 $829 5.0 15,244 178.76$ 22%30EHaleySt SantaBarbara Land 01/22/2020 $815,000 0.0 C-M 4,356 187.10$328WMontecitoSt SantaBarbara Land 06/07/2019 $1,350,000 0.0 C-2 11,398 118.44$510EOrtega SantaBarbara Land 07/18/2019 $825,000 0.0 C-M 4,791 172.20$1410SanAndresSt SantaBarbara Land 06/04/2019 $950,000 768 $1,237 1.1 R-2 7,405 128.29$ 10%425SantaBarbaraSt SantaBarbara Land 04/21/2020 $1,025,000 0.0 C-M 9,147 112.06$425Garden SantaBarbara Land Pending $2,300,000 6800 $338.24 3.2 M-C 16,552 138.96$ 41%
Average(excludingfunkzone) 148.40$
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
The subject property is situated in the Upper De La Vina Corridor, a prime Santa Barbara sub-market consisting of service retail, professional offices and a multitude of residential neighborhoods.
Upper De La Vina, and nearby Upper State Street, are highly trafficked and walkable areas adjacent to the residential areas of San Roque, Samarkand, and Hope Ranch. These areas have become a burgeoning center of new energy and businesses in recent years. Venerated institutions such as Natural Cafe have been complemented by credit retailers like Trader Joe’s and Whole Foods. Restaurants and coffee shops that have succeeded elsewhere in town have expanded or moved to this area in recent years, including Los Agaves restaurant and Handlebar Coffee.
In addition to dining and shopping amenities, the subject property is close to US 101, Highway 154, and two major Sansum medical facilities. The upper De La Vina and State Street corridors are home to a plethora of office-using businesses, including medical practices, wealth & financial services, real estate, and high tech.
NEIGHBORHOOD OVERVIEW
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993
222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com
CVS
De La Vina St
Alamar St
State St
NEIGHBORHOOD AERIAL
Grocery Outlet
Presto Pasta
Marty’s PizzaHandlebar Coffee
The Daily GrindLos Agaves
Trader Joe’s
Lemon Tree Inn
Bree’Osh Bakery
Launderland Laundry
SITE
The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 7/12/21
Dan [email protected]. 00885073
Liam Murphy, [email protected]. 01439777
Experience. Integrity. Trust.Since 1993