5999 Hollister Ave
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5999 Hollister Ave
2,084 SF Retail Building Goleta, CA 93117 $5,261,400 CAD ($2,525 CAD/SF) 6% Cap Rate
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
$5,261,400 CAD
Price Per SF
$2,525 CAD
Cap Rate
6%
NOI
$315,684 CAD
Tenancy
Single
Building Height
1 Story
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 | $1,051,807 CAD |
| Land Assessment | $1,126,936 CAD | Total Assessment | $2,178,743 CAD |
PROPERTY TAXES
Parcel Number
071-111-046
Land Assessment
$1,126,936 CAD
Improvements Assessment
$1,051,807 CAD
Total Assessment
$2,178,743 CAD
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5999 Hollister Ave
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