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10/07/20
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Majestic Asset Management has acquired a 175.2k sf, office campus in Goleta in an off-market transaction. The asset was purchased all-cash with an escrow of approximately two weeks. The closing price was not disclosed.
Located on 14.6 acres at 7414-7418 Hollister Ave, the three-building campus has primarily been occupied by software companies over the years, such as Citrix Systems. Two of the buildings are Class A, creative office structures with state-of-the-art finishes. The third building is in shell condition and features dock-high loading and ceiling heights approaching 40 feet.
Francois DeJohn and Steve Hayes of Hayes Commercial Group represented Majestic Asset Management in the transaction. The firm is also marketing the three buildings for lease. Ryan Garcia and Sterling Champ of CBRE represented the undisclosed seller in the transaction.
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