$5,850,000
$6,295,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
27,371 SqFt
SOLD DATE : 12/30/2024
Key Details
Sold Price $5,850,000
Property Type Commercial
Sub Type Restaurant
Listing Status Sold
Purchase Type For Sale
Square Footage 27,371 sqft
Price per Sqft $213
MLS Listing ID ML81979750
Sold Date 12/30/24
Year Built 1985
Lot Size 2.400 Acres
Property Description
Well maintained multi-tenant retail center located in a centrally located and busy area of Hollister. Diverse uses and tenants in the center including medical, retail, offices, and restaurants. Attractive small unit sizes which can accommodate many uses. One block from new housing developments. In-Place Rents are significantly below-market. Highly desirable small unit sizes at the property which can accommodate a wide variety of uses. Nice diversification of uses/tenants at the property (Medical, Restaurant, Office, Service, etc.) High-traffic retail center with limited nearby competition/supply. Shadow-anchored by McDonalds and adjacent to US Post Office. Across the street from DMV and Taco Bell with Starbucks nearby. Close to Downtown Hollister, etc. Well-maintained retail center with no deferred maintenance (Roof replaced recently). Easy driving distance to the Bay Area and Monterey. All leases are NNN with annual rent increases. Within 2 miles of new regional Amazon distribution hub. Professionally managed property. Easy access to State Route 25 and State Route 156. North Gateway zoning district. New Residential Communities located in North Hollister: -The Lanes -The Knolls - Sold Out -The Meadow -Maple Park - Sold Out
Location
State CA
County San Benito
Area Hollister
Building/Complex Name Hollister Gateway
Zoning AP
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Carpet, Concrete, Laminate, Vinyl / Linoleum
Exterior
Exterior Feature Sprinklers - Auto
Parking Features Common Parking Area
Utilities Available Public Utilities
Roof Type Composition
Present Use Business/Professional,Food Service,Highway/Tourist Service,Mixed,Office,Personal Family Care,Retail
Building
Story 1
Foundation Concrete Slab
Sewer Sewer Connected
Water Individual Water Meter
Level or Stories 1
Others
Restrictions Other
Tax ID 051-090-011-000
Security Features Other
Special Listing Condition Not Applicable
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Bought with Monterey Peninsula Home Team • KW Coastal Estates