5940 Matthews St
Description
10-Year NNN LEASED INVESTMENT OPPORTUNITY
Rare, heavy industrial building currently leased to an automotive user. Rare ceiling heights, three large bay doors, gated parking, concrete lot, phase 3 power, and offices in a high demand purchase and leasing market. Less than one mile to Goleta Beach and the Santa Barbara airport. Please don't disturb the tenant and contact the listing agents for access.INDUSTRIAL BUILDING FOR SALE with a 5.8% CAP RATE on a
10-Year NNN LEASED INVESTMENT OPPORTUNITY
Rare, heavy industrial building currently leased to an automotive user. Rare ceiling heights, three large bay doors, gated parking, concrete lot, phase 3 power, and offices in a high demand purchase and leasing market. Less than one mile to Goleta Beach and the Santa Barbara airport. Please don't disturb the tenant and contact the listing agents for access.
- Listed by Brad Frohling • DRE #01323736 • Radius Group Commercial R.E.P: (805)-698-0272 C: (805)-698-0272 bfrohling@radiusgroup.com
- Listed by Jonathan D Ohlgren • DRE #01464358 • Radius Group Commercial R.E.P: (805)-689-7839 jdohlgren@yahoo.com
Property Details for 5940 Matthews Street
Property Details for 5940 Matthews Street
| Status | Closed |
|---|---|
| MLS # | 25-4193 |
| Days on Market | 111 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Non-Residential |
| MLS Type | Commercial / Commercial |
| Year Built | - |
| Lot Size | 0.19 AC / 8,276 SF |
| County | Santa Barbara County |
Location
Sold By Radius Group Commercial R.E., Brad Frohling, DRE #01323736
Building Information for 5940 Matthews Street
Payment Calculator
$11,924 per month
30 year fixed, 6.36% Interest
$11,087
$837
$0
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1Property Information for 5940 Matthews Street
- District: 30 - SB/GOL SOUTH
- District: 30 - SB/GOL SOUTH
- Stories: 1
- Property Information:Stories: 1.0
- Building Area Total: 0.0
- Parcel Number: 071-152-008
- Association Fee: $.00
- Parking Features: Uncovrd
- Parking:Uncovered: Yes
- Total Bathrooms: 2.00
- Bathrooms Total (Decimal): 2.00
- Bathrooms Total (Notational): 2.00
- Property Information:Total Bathrooms: 2.0
- Location Info:Compass Map: Santa Barbara
- Location Info:Map Grid: G11
- Lot Size Square Feet: 8276.0
- Lot Size Area: 8276.0
- Lot Size Acres: 0.19
- Property Type Label: Commercial Sale
- New Construction YN: No
- Condition:Good: Yes
- Property Information:Realtor.com Type: Commercial
- Property Information:For Sale/Lease: For Sale
- Property Information:#Offices: 1.0
- Use:Industrial: Yes
- Income/Expenses:NOI: 144,000.00
Property History for 5940 Matthews Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 23, 2026 | Sold Santa Barbara AOR #25-4193 | $2,225,000 | — |
| Apr 21, 2026 | Sold (Public Record) Public Record #1936655647 | $2,225,000 | — |
| Mar 28, 2026 | Pending Santa Barbara AOR #25-4193 | — | |
| Jan 8, 2026 | Price Change Santa Barbara AOR #25-4193 | $2,450,000 | — |
| Nov 17, 2025 | Listed (Active) Santa Barbara AOR #25-4193 | $2,650,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/23/2026 | Sold Santa Barbara AOR #25-4193 | $2,225,000 |
| 04/21/2026 | Sold (Public Record) Public Record #1936655647 | $2,225,000 |
| 03/28/2026 | Pending Santa Barbara AOR #25-4193 | — |
| 01/08/2026 | Price Change Santa Barbara AOR #25-4193 | $2,450,000 |
| 11/17/2025 | Listed (Active) Santa Barbara AOR #25-4193 | $2,650,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 5940 Matthews Street
Schools near 5940 Matthews Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 6 |
Rating | School | Distance |
|---|---|---|
Kellogg Elementary School PublicK to 6 | ||
Goleta Valley Junior High School Public7 to 8 | ||
Dos Pueblos Senior High School Public9 to 12 | ||
Peabody Charter School CharterK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Radius Group Commercial R.E., Brad Frohling, DRE #01323736; Radius Group Commercial R.E., Jonathan D Ohlgren, DRE #01464358
Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
