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The Pintado Building
684, 686, 690 Alamo Pintado Road, Solvang, CA
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PROPERTY
PROFILE:
The Pintado Building
684, 686, 690 Alamo Pintado Road, Solvang, CA
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| Price:
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$3,250,000
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| Improvement Area:
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10,132 +/- Square Feet (9,547 rentable)
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| Price per S.F.::
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$321/s.f.
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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.
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| Year Built:: |
1987
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| Land Area: |
79 Acres, or 34,412 +/- s.f.
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| Site Description: |
The site is rectangular with 47 parking spaces, rich landscaping, trash enclosures, and concrete aggregate walks.
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| 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.
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| Fire Sprinklers: |
Fully sprinklered
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| Proforma Cap Rate: |
5.6%
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| 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 |
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| Current Occupancy: |
77%
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| Suites: |
| 690 Alamo Pintado: |
C&D LLP (CPA Firm) |
| 684 Alamo Pintado: |
Suite A Vacant |
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Suite B Vacant |
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Suite C Well Fargo Home Mortgage |
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Suite D Rincon Corporation |
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Suite E Vacant (former medical office) |
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| Municipality: |
City of Solvang
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| Zoning: |
PI (Professional Institutional)
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| Utilities: |
Electricity, telephone, natural gas, cable, water, sewer
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| Assessor's Data: |
A.P.N. 139-530-03
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| Links: |
Listing Information
Brochure
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Information
provided herein has been obtained from sources deemed reliable,
but is not guaranteed
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