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Property profile & analytics
FOR LEASE
Strip malls

5300 Hollister Ave Goleta, CA 93111

25,570 SF 0.54 ac lot
Entity Owned 27-yr Hold Absentee Owner Free & Clear
Property ID
US09-1661189
Property summary
AI-generated overview

Patterson Center, located at 5300 Hollister Ave, Goleta, CA 93111, offers exceptional medical office space opportunities within a thriving neighborhood center. This multi-tenant property boasts a total of 26,620 square feet across five buildings, situated on 1.83 acres of land in Santa Barbara County. The property features 65 total parking spaces and is conveniently located on a signalized intersection near the 101 Freeway, providing excellent visibility and accessibility. Currently, 6,569 square feet of space is vacant, with minimum divisible units of 870 square feet and a maximum contiguous space of 3,326 square feet. The property is zoned Community Commercial (CC) and comprises 13 total suites. Its prime location across from Goleta Valley Cottage Hospital ensures high traffic and a strong patient base. The center enjoys close proximity to residential areas and other office complexes, further enhancing its appeal. Existing tenants include a diverse mix of businesses such as Domino's Pizza, Choi's Oriental Market, Farmer's Insurance, Life Network, UM Spa, South Coast Deli, and Caje Coffee. This presents a unique opportunity for medical professionals seeking a well-established and highly visible location in the desirable Goleta submarket of Santa Barbara.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 25,570 SF
Lot 0.54 ac (23,522 SF)
APN 071-102-021
UPID US09-1661189
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.47M
Owner & transaction history
Levon Investments · 27 yrs held
Levon Investments
since 1998
5 recorded transactions
2017
Price N/A
1998
Price N/A
1997
Price N/A
1997
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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