5999 Hollister Ave - Freestanding FOR SALE


Goleta, CA 93117
$3,700,000 USD
213-861-3386
5999 Hollister Ave, Goleta, CA for Sale
$3,700,000 USD
Freestanding - FOR SALE
1/3
null | 6% Cap Rate

5999 Hollister Ave
Goleta, CA 93117


HIGHLIGHTS

  • Superior corner location
  • Located in a municipality with very high barriers to entry
  • Development Potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$1,775 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

S Fairview Ave

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

AE

APN/PARCEL ID

071-111-046

ASK ABOUT THIS PROPERTY

Gabe KadoshColliersMore Info
213-861-3386

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Gabe KadoshColliersMore Info
213-861-3386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.