5777 Hollister Avenue, Goleta, CA 93117

Property Description

Rare opportunity to sublease a ±5,796 SF freestanding commercial/flex building along the highly visible Hollister Avenue corridor in Old Town Goleta. Originally constructed as a bank, the property offers a versatile configuration suitable for a variety of showroom, retail, office, service-commercial and flex uses, subject to applicable governmental approvals. The building features a large open showroom/flex area, multiple private offices, two restrooms, break area, high ceilings, the original bank vault converted to usable office/storage space, and a large rear roll-up door providing convenient loading and equipment access. Sublease offered at $15,000 per month, Single Net, with Sublessee responsible for real property taxes, currently estimated at approximately $2,237.12 per month, together with maintenance of the Premises and building systems in accordance with the Master Lease. Property insurance is maintained by the Master Lessor. Approximately 9.5 years remain on the initial lease term, together with two additional five-year options. Sublease includes use of up to 12 on-site parking spaces. Excellent visibility, flexible interior configuration and a long-term lease structure make this an attractive opportunity for an established business seeking a freestanding Goleta location. Property is located within Goleta's OT - Old Town Commercial zoning district. Prospective Sublessee shall independently verify zoning, permitted uses, parking requirements, and all governmental approvals applicable to its intended use. Parking is limited to up to twelve (12) on-site spaces. Allocation, use, maintenance responsibilities and related parking terms shall be subject to the final sublease agreement. Premises are offered in their current "AS-IS, WHERE-IS" condition. Prospective Sublessee shall independently investigate and satisfy itself regarding the condition of the Premises and its suitability for Sublessee's intended use.