191 San Felipe RdHollister, CA 95023

Property Details for 191 San Felipe Rd

Lot size

2.40 AC

Property type

Retail properties

Property subtype

Community centers

APN

051-090-011-000

APU

51090011000

Description

Hollister Gateway, located at 191 San Felipe Rd, Hollister, CA 95023, offers a diverse range of office spaces totaling 29,648 square feet across 18 suites. This multi-tenant property is situated in a high-growth area of Hollister, near the intersection of San Felipe Rd and Santa Ana Rd, providing excellent visibility and accessibility. The property benefits from its proximity to Highway 25 and Highway 156, ensuring convenient access for employees and customers. The location is further enhanced by its close proximity to Amazon's new facilities and new residential construction, guaranteeing a strong and growing customer base. Current co-tenants include a diverse mix of established businesses such as Straw Hat Pizza, Animal Hospital of Hollister, El Rinconcito Mexican Food, and Happy Cafe Chinese Food, among others. The property is also adjacent to a recently renovated area featuring national tenants like McDonald's, Starbucks, and Taco Bell, creating a vibrant and attractive commercial environment. One available space of 1,632 square feet is currently available. Attractive incentives and promotional opportunities are available for new tenants. This property is ideal for a variety of businesses, including restaurants, retail establishments, and office users. The property's high foot traffic and negotiable lease terms make it a compelling opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $46,020,816

  6.5%

  $42,480,752

  7%

  $39,446,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,479,088

  Geo Method

  $73,479,088

• Alternative Use

  Use

  Valuation

  Residential

  $35,834,104

  Hospitality

  $32,823,846

  Educational

  $27,309,056

  Medical

  $28,248,256

  Retail

  $42,480,752

Location Insight

City

Hollister

County

San Benito

State

California

Latitude

36.8593

Longitude

-121.401

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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