SANTA BARBARA, CA-Three high-profile commercial properties in Santa Barbara have sold for a combined total of $20 million. Although the seller was undisclosed, according to industry sources, the seller of all three properties is the Hangar Auto Club. The seller purchased the three properties, located at 131 and 528 Anacapa and 111 State Street, in 2011.
The 131 Anacapa property is 16,700 square feet in Santa Barbara's Funk Zone. Recently refurbished, the property has 16 tenants, including anchor tenant the Lark, a 130-set restaurant.
Currently occupied by the French Press Coffee Shop, the 528 Anacapa Street property is a 3,360-square-foot single-tenant retail space, and is currently entitled for an additional 3,200-square-foot retail space.
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