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8/23/19
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A local investor purchased a 106.3k sf building on 6.9 acres in Goleta. Although the closing price was not released, we do know that the offering was listed for $35.5 mil, or $334/sf.
The facility, located at 6300 Hollister Ave, is fully leased to three technology companies, all headquartered at the property: Wyatt Technology, Asylum Research (Oxford Instruments), and Seek Thermal. Wyatt Technology and Asylum Research have been tenants there for approximately 15 years. Seek Thermal moved into the building in 2018.
The building had been updated to better meet the needs of creative office/R&D tenants. The owners recently put about $2.5 mil worth of improvements into the property, so that it could compete with any existing R&D space in the market.
Francois DeJohn and Steve Hayes of Hayes Commercial Group represented the seller in the deal.
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