Montecito’s Old Firehouse Sold
Firehouse office building, located in the heart of Montecito’s Upper Village at
1486 East Valley Road, was recently sold to an unnamed buyer. Its ultimate
selling price was undisclosed, but the property originally listed for $16
million. “Commercial property in Montecito very rarely changes hands,
especially in the Upper Village, which makes pricing a trophy asset like this
an interesting challenge” said Hayes Commercial Group associate Caitlin
McCahill Hensel, who co-represented all parties in the deal.
landmark served as the region’s primary firehouse when it was built in 1931 by architect
Alexander Bertrand Harmer, who also designed the Montecito Inn and one of Hope
Ranch’s original 13 houses. Union Bank is currently leasing the 6,357-square-foot
space and has about nine years remaining.