Former Edwards Cinema 1521 S Bradley Rd

Acquire the former Edwards Cinemas, a noteworthy staple in the flourishing Santa Maria market. The property offers an existing 43,610-square-foot former multi-screen theatre building on a 5.9-acre parcel with abundant parking. It sits in the Costco Power Shopping Center, home to several big-name retailers. Other nearby demand drivers include Costco Wholesale, Walmart Supercenter, Target, T.J. Maxx, Starbucks, Trader Joe’s, In-N-Out Burger, and several car dealerships.

Investors and owners/users are presented with a unique opportunity to repurpose or renovate the property to meet their vision. Retail rents in Santa Maria have increased by an impressive cumulative 12.7% since 2020. Currently, no other projects are under construction, making already constructed properties highly valuable. Santa Maria is an excellent market for investors and owners. Over the past three years, there have been 58 sales, which have traded for approximately $106 million cumulatively.

Santa Maria, the most populous city in the county, has an economic development commission dedicated to the area's success. The metro is highly educated, with roughly one-third of residents having a bachelor's degree or higher and a median household income of $87,000. Many University of California, Santa Barbara (UCSB) graduates work for major employers in the area. Just off Southern California’s coast, this lively city combines beautiful beaches and stunning views with several shopping and dining options. The area also boasts generous green space with parks, playgrounds, hiking, and biking sprinkled into the city.