6865 Hollister AveGoleta, CA 93117

Property Details for 6865 Hollister Ave

Lot size

7.64 AC

Property size (Sq ft)

66,900 SF

Property type

Retail properties

Property subtype

Strip malls

APN

073-100-037

APU

73100037

Description

This exceptional retail opportunity presents a 134,101 square foot shopping center strategically located in Goleta, California, just eight miles west of Santa Barbara. The center boasts a strong tenant mix and features seven suites, with 16,369 square feet currently available for lease. Spaces range from a minimum of 1,120 square feet to a maximum contiguous space of 5,351 square feet, offering flexibility for various retail concepts. The property sits on a generous 8.87-acre lot, providing ample parking and visibility. Goleta's robust economy is highlighted by average household incomes exceeding $110,000 within a one-mile radius, creating a highly desirable consumer base. The center benefits significantly from its proximity to the University of California, Santa Barbara, with its student population exceeding 24,000. This substantial student demographic provides a consistent and significant source of foot traffic. Furthermore, the center enjoys excellent accessibility, with convenient access to both Highway 1 and Highway 101, ensuring high visibility and ease of access for customers and employees alike. This is a rare opportunity to secure retail space in a thriving, high-traffic location with a proven track record of success. The Target anchor tenant further enhances the property's appeal and draws a substantial customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $29,320,234

  6.5%

  $27,064,832

  7%

  $25,131,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,058,694

  Geo Method

  $32,058,694

• Alternative Use

  Use

  Valuation

  Residential

  $22,830,198

  Hospitality

  $20,912,338

  Educational

  $17,398,820

  Medical

  $17,997,192

  Retail

  $27,064,832

Location Insight

City

Goleta

County

Santa Barbara

State

California

Latitude

34.4292

Longitude

-119.868

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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