Owner-User Takeover

Owner-users, unlike investors, purchase properties for their own use. The current low interest rate environment and favorable lending options has many owner-users taking advantage of the opportunity to purchase real estate. The Pali purchase mentioned above was just one of three properties sold in the Funk Zone to users in past 30 days. In Goleta, a long-time tenant in 25 Carlo Drive bought their building to continue their chiropractic business; 1002 Anacapa St was purchased by Ocean Hills Church and; 29 W Anapamu Street sold to a local unnamed school.