Menu
/REGISTER
Montecito
Pac Premier
Citizens
QQQ
Tolman Wiker
Loading...
You are here:  Home  >  Real Estate  >  Current Article

Upper State Street retail center sells for $3.1M

By   /   Monday, September 29th, 2014  /   Comments Off on Upper State Street retail center sells for $3.1M

    Print       Email

Ontare Plaza, a small retail center at 3601-3607 State St. in Santa Barbara, has been sold for $3.1 million.

Leisure & Carpenter Properties purchased the 4,855-square-foot property in a 1031 exchange, a Lee & Associates spokesperson told the Business Times.

Clarice Clark and Stephen Leider of Lee & Associates negotiated the deal for the seller, The Morada Group LP.

The center, which is not fully leased, is anchored by Jeannine’s Bakery and The Medicine Shoppe.

Lease & Carpenter has plans to improve and modify the building, according to sources, but details of the proposed upgrades weren’t disclosed.

 

    Print       Email

You might also like...

San Luis Ranch mixed-use development breaks ground

Read More →