5999 Hollister Ave, Goleta, CA 93117

2,084 SF | Retail Building | Goleta, CA 93117 | $3,700,000 ($1,775/SF) | 6% Cap Rate

Asking Price $3,700,000

Property Type
Retail
Square Feet
2,084 SF
Price / Square Foot
$1,775

Listing Contacts

  • Property Info

Property 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.

Property Details

Class
B
Year Built
1982
Stories
1
Property Subtype
Freestanding, Storefront, Storefront Retail/Office
Lot Size (sq. ft)
5,663 SF

Highlights

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

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