Today’s Today’s
el el Cielito/las Cielito/las CaNoas CaNoas
Goleta Goleta North North
1-4 $1,895,000 722 Rockwood Drive 3/2 1-4 $1,895,000 722 Rockwood Drive 3/2 New Listing! Surround Yourself with Nature. 3b/2b plus New Listing! Surround Yourself with Nature. 3b/2b plus den and office on beautiful private .62 acre parcel den office on beautiful private .62space. acre parcel that and backs to Sheffield Park and open that backs to Sheffield Park and open space.
1-3 $629,000 7386 Calle Real #31 2/1.5 1-3 $629,000 7386 Calle Real #31 2/1.5 Tranquil location backed up to greenbelt & pool acTranquil location backed up to greenbelt & pool access. Many upgrades. Move in ready! cess. Many upgrades. Move in ready!
Village Properties Village Properties Cimme Eordanidis Cimme Eordanidis
Village Properties Village Properties Lynette Naour Lynette Naour
805-722-8480 805-722-8480
# 01745878 # 01745878
Filmore Filmore W RO W RO ESSC C IN IN E
805-705-6539 805-705-6539
# 01035763 # 01035763
la la Cumbre Cumbre 1-4 $550,000 4025 State Street #75 3/2 1-4 $550,000 4025 State Street #75 3/2 2014 Manufactured home, 55+, Large lot with 2014 Manufactured home, 55+, Large Cement lot with board mountain views, Earthquake bracing, mountain views, Earthquake bracing, Cement exterior, 2 car carport, 8x10 lean-to shed, Openboard floor exterior, 2 car carport, 8x10 lean-to shed,A/C Open floor plan, Stainless steel appliances, Central plan, Stainless steel appliances, Central A/C Coldwell Banker Coldwell Banker Svetlana Dayal 805-452-3407 # 02003811 Svetlana Dayal 805-452-3407 # 02003811
1-3 $579,000 328 Foothill Drive 2/1.5 1-3 $579,000 328 Foothill Drive 2/1.5 Originally constructed in 1952, this spacious Originally constructed in 1952, 2bedroom/1.5bathroom homethis hasspacious been lovingly 2bedroom/1.5bathroom home has beenover lovingly maintained and thoughtfully upgraded the maintained and thoughtfully upgraded over the years. years. Village Properties Village Properties Daniel Bagdazian 805-535-8789 # 02132117 Daniel Bagdazian 805-535-8789 # 02132117
riviera riviera
Goleta Goleta North North
$2,950,000 1263 Dover Lane 4+/4.5 1-4 $2,950,000 1263 Dover Lane 4+/4.5 1-4 It’s home. You feel it as soon as you enter. Ocean It’s home. You feelilluminate it as soonthis as you enter.MediterraOcean views throughout stunning views throughout illuminate this stunning Mediterranean open concept home providing a picturesque nean openspace concept home providing a picturesque gathering for you and your loved ones. gathering space for you and your loved ones. Coastal Properties Coastal Properties Gary Goldberg 805-455-8910 # 1172139 Gary Goldberg 805-455-8910 # 1172139
1-4 $4,695,000 1121 Via Del Rey 6/6 1-4 $4,695,000 1121 Via Del Rey 6/6 Enjoy dramatic views of the Santa Ynez Mountains at Enjoy dramatic viewsestate of thelocated Santa Ynez this Cape Cod style on 5Mountains lush acres at in this Capefoothills. Cod style estate located on 5 lush acres in Goleta’s Goleta’s foothills. Zia Group | eXp Realty California Zia Group | eXp Realty California Kimberly Rockwell 805-698-8848 Kimberly Rockwell 805-698-8848
# 1482947 # 1482947
Goleta Goleta North North
saN saN marCos marCos Pass Pass
1-3 $650,000 319 Northgate Drive #B 2/1.5 1-3 $650,000 319 Northgate Drive #B 2/1.5 Evergreen Terrace East condo. Dual pane windows Evergreen Dualfloors. paneAtt. windows & recessedTerrace lighting.East Tile condo. & Bamboo 1 car & recessed lighting. Tile & Bamboo floors. Att. 1 car garage & 1 res parking space. HOA Pool. garage & 1 res parking space. HOA Pool.
$375,000 15 Fremont Lane 3/1.5 1:30-4 $375,000 15 Fremont Lane 3/1.5 1:30-4 New Listing! Newly renovated, 3 bdr, 1 +1/4 bath New 1Listing! Newly on renovated, 3 bdr, 1 +1/4 bath with car garage USFS leased land off Paradise with 1 car garage on USFS leased land off Paradise Rd. Cash sale only, no financing available. Rd. Cash sale only, no financing available.
Town’n Country Realty and Management Town’n Country Realty and Management Bryan Davis 805-448-7757 # 01230465 Bryan Davis 805-448-7757 # 01230465
Century 21 Butler Realty, Inc. Century 21 Butler Realty, Inc. Dawn Ziegler 805-570-9573 Dawn Ziegler 805-570-9573
# 01086106 # 01086106
A note from the SBAOR President By By Brian Brian Johnson Johnson President President of of the the Santa Santa Barbara Barbara ® Association of REALTORS Association of REALTORS®
How Much Space Are You Actually Leasing So, So, you you have have found found the the perfect perfect space space for for your your busibusiness. It has a great location, ample parking ness. It has a great location, ample parking and and it it is is ready to move in. You know how much the rent is ready to move in. You know how much the rent is gogoing ing to to be be on on aa per per square square foot foot basis basis but but you you need need to to determine determine how how big big is is the the space. space. This This will will decide decide what what your your monthly monthly payment payment will will be. be. When When you you ask ask the the propproperty owner how big the space is he tells you it erty owner how big the space is he tells you it is is 1,000 1,000 square square feet. feet. In In your your mind, mind, the the space space does does not not look look that that large. large. You You ask ask the the property property owner owner if if you you can can confirm confirm that that and and he he agrees. agrees. When When you you measure measure the the space, space, you you find that it is only around 900 square feet. When find that it is only around 900 square feet. When you you relay relay this this information information to to the the property property owner, owner, he he states states that that you you have have measured measured the the usable usable square square feet feet whereas whereas he is measuring the rentable square feet. What he is measuring the rentable square feet. What is is the the difference and why is there one? difference and why is there one? Many Many methods methods are are used used to to calculate calculate square square footage footage in in commercial commercial leases. leases. Usable Usable square square footage footage refers refers to to
the the actual actual occupied occupied area area leased. leased. Rentable Rentable square square footfootage is the sum of the usable square footage age is the sum of the usable square footage and and aa porportion tion of of common common areas areas and and other other non-leasable non-leasable building building areas areas allocated allocated to to the the area area leased leased (often (often determined determined by by applying applying aa percentage percentage load load factor factor to to the the usable usable square square footage). footage). The The portion portion of of such such other other areas areas to to be be added added to the space’s leased usable area is negotiable. to the space’s leased usable area is negotiable. The The most most widely widely used used U.S. U.S. standard standard for for measuring measuring office office buildings buildings is is published published by by the the Building Building Owners Owners and and Managers Managers Association Association International. International. First First pubpublished lished in in 1915, 1915, the the BOMA BOMA Standard Standard has has been been revised revised various various times times to to reflect reflect industry industry changes. changes. Though Though widely widely used, used, the the BOMA BOMA standard standard is is volunvoluntary. Property owners may choose not to use it tary. Property owners may choose not to use it at at all all or or may elect from a variety of versions of the standard may elect from a variety of versions of the standard to to apply. apply. The The selection selection of of the the appropriate appropriate BOMA BOMA standstandard ard version version to to be be used used is is not not always always straightforward. straightforward.
SANTA BARBARA NEWS-PRESS REAL ESTATE
More More importantly, importantly, when when property property owners owners and and tenants tenants disagree on which standard to use, the difference disagree on which standard to use, the difference in in rent rent over over the the lease lease term term can can be be substantial. substantial. Since Since there there is is no no universal universal industry industry agreement agreement on on measuring measuring and and allocating allocating space, space, it it is is critical critical to to underunderstand stand how how much much space space you you are are responsible responsible for for paying paying rent on before you sign a lease. This is where rent on before you sign a lease. This is where your your commercial commercial real real estate estate agent agent will will be be able able to to guide guide you you through through the the differences differences in in the the types types of of measurements. measurements. They They will will understand understand which which system system aa property property owner owner is using and how to negotiate on your behalf is using and how to negotiate on your behalf to to get get the the best best outcome outcome for for your your situation. situation. Brian Brian Johnson Johnson can can be be reached reached at at 805-879-9631 805-879-9631 or or emailed at bjohnson@radiusgroup.com emailed at bjohnson@radiusgroup.com
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