The Pintado Building
684, 686, 690 Alamo Pintado Road, Solvang, CA

                                     <back to properties available

 

 

 

 

PROPERTY PROFILE:
The Pintado Building
684, 686, 690 Alamo Pintado Road, Solvang, CA

Price:

$3,250,000

 

Improvement Area:

10,132 +/- Square Feet (9,547 rentable)

 

Price per S.F.::

$321/s.f.

 

Building Description:

The Pintado Building is a high quality, two story, professional office building. It is a combination of frame and concrete block construction with a slab foundation and a concrete tile roof. The first floor is made of two distinct structures totaling 5,440 s.f. with an open court entry to the building and the office suites. The second floor is accessed by an exterior staircase, or by elevator located in the covered courtyard. There are several exterior patios located on the second floor, one with it’s own exterior staircase.

 

Year Built::

1987

 

Land Area:

79 Acres, or 34,412 +/- s.f.

 

Site Description:

The site is rectangular with 47 parking spaces, rich landscaping, trash enclosures, and concrete aggregate walks.

 

Common Area:

The common area includes the ground floor covered courtyard with access to 684, 686 and 690 Alamo Pintado. Additionally, there are two restrooms on the ground floor and two restrooms on the second floor.

 

Fire Sprinklers:

Fully sprinklered

 

Proforma Cap Rate:

5.6%

 

Proforma NOI (per appraisal):

Gross Revenue $260,196
Vacancy (10%) (26,020)
Non-reimbursed expenses (21,000)
Property Tax (Prop 13) (32,500)
Proforma NOI $180,676

 

Current Occupancy:

77%

 

Suites:

690 Alamo Pintado: C&D LLP (CPA Firm)
684 Alamo Pintado: Suite A Vacant
Suite B Vacant
Suite C Well Fargo Home Mortgage
Suite D Rincon Corporation
Suite E Vacant (former medical office)

 

Municipality:

City of Solvang

 

Zoning:

PI (Professional Institutional)

 

Utilities:

Electricity, telephone, natural gas, cable, water, sewer

 

Assessor's Data:

A.P.N. 139-530-03

 

Links:

Listing Information
Brochure

 


 

 

Information provided herein has been obtained from sources deemed reliable, but is not guaranteed