October 2, 2023
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Santa Barbara parcel sells for nearly $12 million


Robert Shutt A parcel of land in Santa Barbara near the intersection of State Street and North La Cumbre Road has been sold by Daum Commercial Real Estate for $11.95 million. The land is currently occupied by a 48-unit multifamily housing complex. “This was a rare investment opportunity in the extremely supply-constrained Santa Barbara marketplace.…


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