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Property profile & analytics
FOR LEASE
Strip malls

6865 Hollister Ave Goleta, CA 93117

66,900 SF 7.64 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US09-2681184
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 66,900 SF
Lot 7.64 ac (332,798 SF)
APN 073-100-037
UPID US09-2681184
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
$20.00M
CAP Approach CAP
$16.13M
Comparable Approach Comparable
by Request
Blend (final) Blend
$20.00M
Owner & transaction history
Mgp Xii Goleta Gl LLC · 2 yrs held
Mgp Xii Goleta Gl LLC
since 2024
Last sale
$20.0M
6 recorded transactions
2025
Price N/A
2024
Price N/A
2017
$20.0M
2017
Price N/A
2008
$9.0M
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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