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8/27/26
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Kellogg Square, a 12.4k sf neighborhood retail center in one of Santa Barbara’s most established retail corridors, sold for $11.3 mil ($911/sf). The buyer of the property, located at 5555-5585 Hollister Ave in Goleta, was AJR Capital Group LLC.
Home to a diverse mix of retail, restaurant, and service-oriented tenants, the property serves the surrounding community and benefits from strong market fundamentals. Its prime location and stable occupancy attracted significant interest from buyers seeking well-positioned retail assets on California's Central Coast.
The Colliers advisory team of Vice President Miles Waters, Executive Vice President Austin Herlihy, Vice President Chris Parker, and Associate Mike Chung represented the buyer and the undisclosed seller in the deal.
"This transaction represents the catalyst Old Town Goleta has been waiting for," added Austin Herlihy, Executive Vice President at Colliers. "With thousands of new residential units coming into the pipeline across Goleta to meet essential housing demand, Old Town is experiencing a dramatic shift. This specific asset sits right at the center of that growth, bridging the gap between new housing and the cutting-edge commercial infrastructure driving our local economy."
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