FOR SALE 6416 Hollister Ave, Goleta, CA | NNN Investment ...€¦ · FOR SALE 6416 Hollister Ave,...

222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com

The information contained herein has been obtained from the owner of the property or from other sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee i t. 8/8/16

Dylan [email protected]. 01472452

Kristopher [email protected]. 01482732

Experience. Integrity. Trust.Since 1993

FOR SALE 6416 Hollister Ave, Goleta, CA | NNN Investment with Future Development Potential

Outline of property depicted above is approximate.

Price: $4,600,000

NOI: $342,166

Cap Rate: 7.4%

Building Size: 5,700± SF in two structures

Land Size: 59,242 SF (1.36 Acres)

APN: 073-070-005

Tenant: Student Transportation Inc. (See page 3 for details)

Lease Exp: 12/31/2018

Zoning: C-3

Land Use: C-G (Goleta Master Plan)

To Show: CLA

CSO: 2.5%

Location: The location in the heart of Goleta, across the street from the Santa Barbara Airport and near thriving businesses and 700 residential units in development, provides ample traffic and potential patrons. See page 5 for additional information on the area and nearby employers.

Property OverviewThis prominent and well-maintained 59,242 sf commercial site at the gateway of Goleta’s commercial and industrial zones includes 5,700 sf of office and industrial workshop space and a paved lot accommodating 55+ cars. Flexible C-3 / GC zoning allows a wide range of uses and future development opportunities including retail, auto related businesses, service trades, and more. This investment is 100% NNN leased to a publicly-traded tenant.





222 E. Carrillo Street, Suite 101, Santa Barbara, California 93101 | HayesCommercial.com 2

6416 Hollister Ave, Goleta, CA | NNN Investment with Future Development PotentialFOR SALE

Tenant & Lease Summary

Tenant: Student Transportation Inc. (Nasdaq: STB)

HQ: Wall, NJ

DBA: Student Transportation of America

Student Transportation Inc. is North America’s largest independent provider of school bus transportation services, operating more than 13,000 vehicles in over 360 school districts, according to its website. This industry is stable and resistant to recession.

Lease Start: 6/1/2002

Lease Exp: 12/31/2018

Options: None

Lease Type: NNN

Landlord Responsibilities: Replacement of capital items

Monthly Base Rent: $28,513.87

Rent Increases: CPI, minimum 3% every June 1







Aerial

1. Hollister Village 266 Res. Units & 90k SF Commercial2. Camino Real Center Costco & Home Depot3. Rincon Palms Hotel 138 Rooms4. Google5. Flir

6. Deckers Brands HQ7. UCSB8. Village at Los Carneros 465 Res. Units9. Curvature10. Willow Springs 335 Res. Units

11. Raytheon12. Marriott Residence Inn 335 Rooms13. Santa Barbara Airport

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GoletaConveniently located just 10 miles from Santa Barbara, the city of Goleta is nestled between a backdrop of majestic mountains and sprawling coastal bluffs. Home to beautifully-designed business parks, safe and family-oriented neighborhoods, and a world-class university, Goleta is one of Califorina’s premier locations for businesses.

Hollister Avenue serves as a central corridor of Goleta, hosting a variety of blooming businesses in the research, development, medical, and technical fields such as Raytheon, Citrix, and Medtronic. The Santa Barbara Airport, convenient for use by the surrounding companies, runs adjacent to Hol-lister Avenue.

Perhaps the best indication of Goleta’s appeal as a place to do business is the array of companies that are investing in the community – literally – by buying property for their own local operations. Deckers Outdoor Corpo-ration recently built new international headquarters at Cabrillo Business Park. Raytheon, FLIR, Citrix Online and Karl Storz Imaging are other suc-cessful companies that own facilities in Goleta.

Boasting six nobel laureates on faculty and ranked second in the world for its impact on the sciences,* UCSB is integral to the Goleta community. Students graduating with degrees in engineering and computer science frequently stay in the area to work for local businesses or start their own.

* Ranked #2 of 500 universities worldwide in 2013 by the Centre for Science and Technology Studies of Leiden University,

Area Information







FOR SALE 6416 Hollister Ave, Goleta, CA | NNN Investment ...€¦ · FOR SALE 6416 Hollister Ave,...

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