Serving Santa Barbara, Ventura & San Luis Obispo Counties

June 15, 2018

8 Unit Multi-Family Property Near Beach

PRICE REDUCED: $2,950,000

2380 Lillie Ave, Summerland, CA 93067

GPS Commercial Real Estate Services, Inc. is proud to present this incredible opportunity to purchase 8-units in Summerland, CA.

Download Brochure Here

GPS Commercial Real Estate Services is pleased to exclusively present this opportunity to acquire a small apartment complex in the southern California beach community of Summerland, just south of Santa Barbara and Montecito. This irreplaceable property consists of 5 buildings and holds 8 units, one is currently operated on a commercial basis. Five of the eight units have ocean views.  The units are in good condition and the location near the beach and services will accommodate a substantial upgrade to achieve maximum rents.

The unique property is well located along Lillie Ave. immediately off Highway 101 which runs parallel to the commercial corridor of Summerland. Immediately south of Montecito and just a few miles from Santa Barbara, as well as a few hundred feet from Lookout Park and Summerland Beach, makes this location unforgettable and intriguing.

The surrounding area has an affluent demographic profile with the population of Summerland having an average household income of $109,000/yr.

Investment Highlights:
LOCATION!
LOCATION!
LOCATION!
Beach Community
Potential Upside
Accessibility to Services
Tourist Area
Ocean views from 5 units

“We put the client first”

If you would like more information about this topic, please contact Pamela Scott at (805) 560-0040 or email at pscott@gpscre.com.

For all our recent blog posts please visit www.gpscre.com/blog.

 

Download Brochure Here

 

Perfectly located within a few blocks from the popular Stearns Wharf, Santa Barbara Harbor, miles of beach, the ever popular and expanding funk zone, the wine trail, State Street shops, theaters, and restaurants.

Garden Street Marketplace Facts:  This property boasts a total of approx. 33,455 square feet with approx. 25,390 square feet of prominent retail space, and approx. 8,065 square feet for restaurant and retail uses. Visibility from Highway 101 is excellent, and there is easy ingress and egress from Highway 101 at the adjacent Garden St. interchange. Near the waterfront and the also the main freeway exit to downtown Santa Barbara, the center is in beautiful Monterey style architecture which highlights the stunning design of this contemporary center.  This truly is a retail statement in the city of Santa Barbara.

The area is convenient to the beachfront and to the affluent population of Montecito, Summerland, and Carpinteria to the south and east. It also convenient for traffic from Highway 101 (site is off the main freeway ramp to the beach and downtown). The site, near retail, pedestrian & vehicular traffic, affluent demographics, and will be in the El Pueblo Viejo/Monterey-style architecture.

 

 

 

Serving Santa Barbara, Ventura & San Luis Obispo Counties

March 8, 2018

7-Eleven Opening Stores and Gas Stations

 

7-Eleven Corporate – The world’s largest operator of retail convenience stores since 1927, with close to 50,000 stores worldwide, is rapidly expanding and opening stores and gas stations in Santa Barbara, Ventura, or San Luis Obispo counties.

5342 Hollister Ave. Goleta (c-store)

505 N. Ventura Rd. Ventura (c-store) – pictured above

2543 Royal Ave., Simi Valley (gas with c-store)

7-ELEVEN IS SEEKING MORE LOCATIONS

SITE CRITERIA

*  Santa Barbara, Ventura, San Luis Obispo counties

* Open to Purchase (land, building or business with a liquor license), Ground Lease, Lease, or Build to Suit or Remodels

* Pad Size: 20,000 to 50,000 SF

* Store Size: 2,400 to 3,200 SF

* End Caps, Freestanding, Fuel Stations, Urban Storefront Locations and Existing Liquor Stores

CONTACT

Pamela Scott

President 

GPS Commercial Real Estate Services

805.729.1706

pscott@gpscre.com

Lic# 00705034

www.gpscre.com

Check out the NEWEST 7-Eleven location on Ventura Ave. in Ventura

3130 E. Thousand Oaks Blvd. SOLD!

The Inland Country Center in Thousand Oaks located just east of Hampshire Rd., which consists of 10,536 square feet of retail space, has been sold to a new owner by Pam Scott of GPS Commercial Real Estate Services, INC.

Listing price $4,000,000, and sold close to the listing price!

The center is 100% leased to eleven (11) tenants, including a from a barber shop, deli, clothing store and acupuncture center. The shopping center sits on approximately 38,000 square feet of land and is within the Thousand Oaks Specific Plan for its downtown.