111 E Victoria St, Santa Barbara, CA 93101

Cap Rate
Gross SQFT
Year Built
2007/R 2022
Property Type

Broker of Record

  • Kyle Matthews
  • License No. 2168060 (CA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, inc
  • 2321 Rosecrans Ave.,
    Suite 1225 El Segundo, CA 90245


    UCLA Health is ranked the #1 Health System in California, with over 250 locations across Southern California (2021 report). For 60+ years, UCLA Health has provided the best in health care and the latest in medical technology to the people of California and throughout the world.
  • “AA” Investment Grade Credit Tenant
    The Regents of The University of California holds an “AA” credit rating from S&P/Fitch.
    » This credit rating is superior to some of the largest companies in the world, such as Amazon (AA-), JP Morgan & Co., (AA-), Wells Fargo (A+), Bank of America (AA-), TD Bank (AA-), Walgreens (BBB-), Tesla (BB+), and is similar to Alphabet (Google’s parent company) AA rating.
  • Brand New Trophy UCLA Investment
    UCLA has chosen this location as a strategic entry point into downtown Santa Barbara, one of the country’s premier beachside communities. This site will serve as a flagship cancer treatment center for Santa Barbara and neighboring communities.
  • Passive NNN Lease Structure
    UCLA executed a long-term NNN lease, providing passive cash flow and wealth security for both local and out of state investors.
  • Extensively Renovated State of the Art Building
    ~$8 million in renovations is being spent in improving the interior of the property, most of which is coming directly from UCLA showing their commitment to the building.
  • Recession Proof Operator & Investment
    UCLA Health and the healthcare industry as a whole, fared exceptionally well through 2008 and 2020. Healthcare tenants are “sticky” operators due to higher than typical build-out costs compared to other tenants.
  • Property Tax Exemption
    Any property leased by the University can be exempt from property taxation, according to the California Revenue Taxation Code, sections 202(a)(3) and 202.2 (leased property) – which should further support UCLA’s long-term occupancy as a tenant. Confirm with your CPA.