5777 Hollister Ave

    Goleta, CA 93117
    • $1,470,000
    • STATUS: Active
    • ON SITE: 97 days
    • MLS #: 19-4132
    UPDATED: 80 min ago
    $1,470,000
    • 0
      BEDS
    • 0.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,796
      SQFT
    • $254
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Listing provided courtesy of Century 21 Butler Realty, Inc..

    Description

    This Listing is for the assignment of an Option to Purchase ONLY. The Option to Purchase is tied to a fully-executed Commercial Purchase Agreement with a sales price of only $1,630,000 and a close of escrow date on 12/31/2025. Until a transfer of the fee ownership occurs, the Purchaser of the Option may assume the lease and occupy this space with a current monthly effective Base Rent of only $8,595.72 GROSS. (CLA for details).SUMMARY: 1). Assignment of Option to Purchase (asking) price is $1,470,000 2). Purchase Price of the fee-simple property on 12/31/2025 is $1,630,000 3). The effective monthly Lease Rent on May 1, 2018 will be $8,592.72 GROSS.Please call list agent for a detailed summary of purchase and lease scenario. Space is available now.SEE MORECopies of the original Option to Purchase, Commercial Property Purchase Agreement, and Commercial Lease Agreement are available upon receipt of a fully-executed Confidentiality Agreement which is in the "Documents" folder. * 5,796 s.f. single-level commercial building with tons of parking all situated on a 32.234 s.f. level parcel in Old Town Goleta. * Property has excellent visibility, especially with a 50' signpost (see photos)! *Originally a bank building, there's a large open retail area in the front, a sizable break room, ADA bathrooms, and several offices plus a bank vault which has been converted to a custom office suite. * Fully-Remodeled with flexible interior and high ceilings. * Large roll up big enough for a fork lift. * Current use is for retail sales of power equipment. * Great curb appeal. * Close to schools, shopping, bus lines, restaurants. etc.

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    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-03-29T07:46:57.143. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2020-03-29T07:46:57.143.
    www.theziagroup.com/homes/101860924

    5777 Hollister Ave Goleta, CA 93117

    • Price: $1,470,000
    • Status: Active
    • Updated: 80 min ago
    • MLS #: 19-4132
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.75
    Acres
    5,796
    SQFT
    $254
    $/SQFT
    1970
    Built
    Neighborhood:
    SB/Gol South
    County:
    Santa Barbara
    Area:
    SB/Gol South
    Property Description
    This Listing is for the assignment of an Option to Purchase ONLY. The Option to Purchase is tied to a fully-executed Commercial Purchase Agreement with a sales price of only $1,630,000 and a close of escrow date on 12/31/2025. Until a transfer of the fee ownership occurs, the Purchaser of the Option may assume the lease and occupy this space with a current monthly effective Base Rent of only $8,595.72 GROSS. (CLA for details).SUMMARY: 1). Assignment of Option to Purchase (asking) price is $1,470,000 2). Purchase Price of the fee-simple property on 12/31/2025 is $1,630,000 3). The effective monthly Lease Rent on May 1, 2018 will be $8,592.72 GROSS.Please call list agent for a detailed summary of purchase and lease scenario. Space is available now.SEE MORECopies of the original Option to Purchase, Commercial Property Purchase Agreement, and Commercial Lease Agreement are available upon receipt of a fully-executed Confidentiality Agreement which is in the "Documents" folder. * 5,796 s.f. single-level commercial building with tons of parking all situated on a 32.234 s.f. level parcel in Old Town Goleta. * Property has excellent visibility, especially with a 50' signpost (see photos)! *Originally a bank building, there's a large open retail area in the front, a sizable break room, ADA bathrooms, and several offices plus a bank vault which has been converted to a custom office suite. * Fully-Remodeled with flexible interior and high ceilings. * Large roll up big enough for a fork lift. * Current use is for retail sales of power equipment. * Great curb appeal. * Close to schools, shopping, bus lines, restaurants. etc.
    Interior Features

    Heating Cooling A/C CentralGfa

    Property Features

    Condition Excellent Cross Street Pine Deposit 30000.00 For Sale Or Lease For Sale Gross Square Feet 5796.00 Not Rented Square Feet 5796.00 Offices 4 Parking OtherUncovrd Retail 1 Tenant Pays Cbl TvElecExt MainGasHeatInt MainJanitrPrk AreaTaxesTrashWnd ClnWtr Terms Cash Total Bathrooms 2.00 Type Commercial Use Retail/Commercial Year Built Remarks Remodeled Year Remodeled 16 Zoning C-2

    Listing information © 2020 Santa Barbara MLS
    Listing provided courtesy of Century 21 Butler Realty, Inc..



    © 2020 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2020-03-29T07:46:57.143. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2020-03-29T07:46:57.143.
     
    The Zia Group | Keller Williams Santa Barbara
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Century 21 Butler Realty, Inc..