5999 Hollister Ave
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5999 Hollister Ave
2,084 SF Retail Building Goleta, CA 93117 £2,898,210 (£1,391/SF) 6% Net Initial Yield
Investment Highlights
- Superior corner location
- Development Potential
- Located in a municipality with very high barriers to entry
Executive Summary
Colliers, as exclusive advisor to the Seller, is pleased to present the opportunity to acquire the fee-simple interest in the Property known as 5999 Hollister Avenue in the city of Goleta, California. The Property boasts a superior corner location on a highly trafficked, signalized
hard corner at the confluence of 2 major thoroughfares. There is excellent branding and identity potential as well future development potential. This is a rare investment opportunity into an extremely high barrier to entry market. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the Portfolio.
The 2,084 SF Property resides on along Hollister Avenue with easy access to the US-101 and CA State Route 217 Freeways, in the City of Goleta. The Property is currently being renovated with significant improvements underway. The Property is located within 2.5 miles from UC Santa Barbara, less than 1 mile from the Santa Barbara Airport, and surrounding commercial tenancies include a mix of national and local retailers.
hard corner at the confluence of 2 major thoroughfares. There is excellent branding and identity potential as well future development potential. This is a rare investment opportunity into an extremely high barrier to entry market. The Property is part of a 6 Property Portfolio and can be acquired separately or as part of the Portfolio.
The 2,084 SF Property resides on along Hollister Avenue with easy access to the US-101 and CA State Route 217 Freeways, in the City of Goleta. The Property is currently being renovated with significant improvements underway. The Property is located within 2.5 miles from UC Santa Barbara, less than 1 mile from the Santa Barbara Airport, and surrounding commercial tenancies include a mix of national and local retailers.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,084 SF
Building Class
B
Year Built
1982
Price
£2,898,210
Price Per SF
£1,391
Net Initial Yield
6%
NOI
£173,893
Tenancy
Single
Number of Floors
1
Building FAR
0.37
Lot Size
0.13 AC
Zoning
AE - Commercial
Parking
0.96 Spaces per 1,000 SF Leased
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 071-111-046 | Improvements Assessment | £587,898 |
| Land Assessment | £629,891 | Total Assessment | £1,217,789 |
PROPERTY TAXES
Parcel Number
071-111-046
Land Assessment
£629,891
Improvements Assessment
£587,898
Total Assessment
£1,217,789
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5999 Hollister Ave
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