Lee & Associates Negotiates Downtown Santa Barbara Building Sale

SANTA BARBARA, Calif.—October 28, 2016—A free-standing, 10,723-square-foot building located in Santa Barbara’s central business district, was sold for $5.3 million.

Clarice Clarke and Steve Leider of Lee & Associates Santa Barbara, and Paul Capra of Lee & Associates LA/North Ventura, represented the seller, WAAM LLC. The buyer, Foundation for Santa Barbara City College, represented themselves.

Built in 1974 and renovated in 2007-2008, the property is located at 525 Anacapa Street, and is positioned within the thriving downtown commercial hub including State Street’s amenities. The building is also adjacent to a public parking lot and is near Santa Barbara’s premier office buildings and prestigious retail and restaurant tenants.