Santa Barbara parcel sells for nearly $12 million

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Santa Barbara parcel sells for nearly $12 million

By Robert Shutt / Friday, November 24th, 2017 / Comments Off on 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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