for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

Offered at ▶ $1,600,000

Building Size ▶ Front Building: ±3,164 SF Rear Building: ±1,800 SF

Total = ±4,964

Land Size ▶ ±14,810 SF

APN ▶ 135-093-017

Zoning ▶ C-2

HVAC ▶ Yes (in various suites)

Floors ▶ Single

Sprinklers ▶ No

Wonderful property comprised of two separate buildings located in Los Olivos offering a great mix of retail and office space. Current rents are well below market value providing an investor with upside on re-positioning the property. All leases are month-to-month or will term out during the first quarter of 2018 allowing for a potential owner/user (one tenant has a 3-year option). Contact Listing Agent for details.

property brief

The information provided here 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 it.

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

The Subject Property is centrally located in Los Olivos in the heart of Santa Barbara wine country, midway between Santa Barbara to the south and Santa Maria to the north. Other well-known Santa Barbara County towns nearby include Santa Ynez, Solvang and Buellton.

Los Olivos is accessible to the South County via Highways 154 and 101, and to the North County via Highway 101.

Pacific Ocean

2353 Hollister St.

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

Hollister St.

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

property photos | front building

The information provided here 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 it.

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

The information provided here 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 it.

property photos | rear building

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

income analysis & valuation

Stabilized CAP Rate Lease-Up Costs Sale Price Sale Price/SF Fully Stabilized ValueValues: 5.01% $248,200 $1,600,000 $372.32 $1,848,200

Current Income

Tenant Sq. Ft. Lease Type Current Gross Rent/SF Current Gross Pro Forma Gross ($2/SF)Mike/Maggie Mesikep 980 Gross $0.84 $819 $1,960

Los Olivos Styling 780 Gross $1.09 $849 $874Arts Outreach 1,404 Gross $1.10 $1,545 $2,808Maria Arroyo 1,800 Gross $1.25 $2,250 $3,600

Jefferson Woeste N/A Gross $250 $250Elli Parker N/A Gross $400 $400

Total Bldg. SF: 4,964 Monthly Base Rent $6,113 $9,892

Annual Gross Rental Income: $73,355 $118,710

Property ExpensesNNN’s $2,179 $2,179

Vacancy Factor: 3% $2,201 $2,201*Property Tax (Post Sale): $16,800 $16,800

Insurance: $2,700 $2,700Water: $1,080 $1,080

Repairs/Maintenance, Landscaping: $2,500 $2,500Property Management: 3% $3,000 $3,000

Total Expense $26,150 $26,150

Net Operating Income: $47,205 $92,560

Valuation Purchase PriceCAP Rate 2.95% $1,600,000

Estimated Lease-Up CostsTenant Improvements, Vacancy and Leasing Fees ($50/SF) $248,200

The information provided here 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 it.

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

lease synopsis

Lease Synopsis

Tenant Sq. Ft. Price Per SF Monthly Rent Lease Term Option Annual Rent Increase Total RentArts Outreach 1,404 $1.10 $1,545 MTM No $1,545

Los Olivos Styling 780 $1.09 $849 5/15/18 1/3 Years 3% $849Mike/Maggie Mesikep 980 $0.84 $820 MTM No $820

Maria Arroyo 1,800 $1.25 $2,250 4/18 No $2,250Jefferson Woeste N/A $250 MTM No $250

Elli Parker N/A Gross $400 MTM No $400Subtotal: 4,964 $1.23 $6,114

The information provided here 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 it.

m a r k e t o v e r v i e w

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

The great wide open countryside of the Santa Ynez Valley is located 30 minutes north of Santa Barbara and nestled

between the Santa Ynez and Santa Rafael Mountains. Numerous world-renowned wineries and vineyards dot the land-

scape as well as horse and cattle ranches. In fact, the valley is recognized as the epicenter of California’s multi-billion

dollar equine industry. Other attractions include the Los Padres National Forest, Lake Cachuma, Old Mission Santa Inez,

golf courses and the Santa Ynez Valley Historical Museum & Parks-Janeway Carriage House displaying old stagecoach

relics from the valley’s past. Six small towns are home to the region and include Ballard, the smallest and oldest com-

munity, Solvang, a charming Danish-American hamlet, the rapidly growing Buellton, the vintage chic community of Los

Alamos, the laid-back wine tasting haven of Los Olivos, and the turn-of-the-20th-Century township of Santa Ynez.

santa ynez valley | golden vineyard country

2 0 5 E . C a r r i l lo st. s u i tE 1 0 0 | s a nta B a r B a r a C a 93 1 0 1 | 8 0 5 .9 6 5 . 5 5 0 0 | Fa x 8 0 5 .9 6 5 . 5 3 0 0 | r a d i u s gr o u p.Co m9.18.17

Michael Chenoweth805.879.9608mchenoweth@radiusgroup.comCA Lic. 01213196

for sale � ±4,964sf retail/office space2 3 5 3 h o l l i s t e r s t. | l o s o l i vo s , c a 9 3 4 4 1

Top Varietals Planted in SB County (2014)

� Chardonnay ....................7,529 Acres

� Pinot Noir .......................5,561 Acres

� Syrah ..............................1,928 Acres

� Sauvignon Blanc .............799 Acres

� Grenache ........................484 Acres

� Cabernet Sauvignon .......361 Acres

� Pinot Grigio/Gris ............313 Acres

� All Others .......................613 Acres

santa barbara county’s bustling wine industry

Wine is Santa Barbara County’s number one finished agricultural product, and the county’s wine grape crop is its second most valuable agricultural crop. In fact the region’s wine grape industry has experienced tremendous growth in recent years, increasing in total value from approximately $97 Million in 2010 to over $155 Million in 2014. One factor contributing to this success is the area’s unique east-west (transverse) mountain ranges, versus the usual north-south orientation of mountain ranges. This creates a dramatic cooling effect on the region’s climate allowing world class grapes to be grown.

Santa Barbara Wine Industry Fast Facts

� Number of wineries in Santa Barbara County (2013) ......................................................191

� Acres of wine grapes grown in Santa Barbara County (2014) .........................................21,052 Acres

� Avg. yield per acre (2014) .............................................................................................4.37

� Avg. price per ton (2014)...............................................................................................$1,751/ton

� Economic value of wine grapes in Santa Barbara County (2014) ....................................$155,256,000

� Annual economic impact of wine in Santa Barbara County (2013) ..................................$1.7 Billion

� Number of approved American Viticultural Areas (AVAs) in Santa Barbara County .........5

� Number of different wine grape varietals grown in Santa Barbara County ......................More than 50