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Auto Service - Gas-Conv

Caliber Collision | Rare Santa Barbara Real Estate | 15 Year Absolute Net Lease | Excellent Demos

5387 Overpass Rd, Santa Barbara, CA 93111

Listing Price: $5,455,000

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.9
Gross SF
9,871
Guarantor
Corporate Guarantee
Rentable SF
9,871
Price/Gross SF
$552.63
Lease Type
Absolute Net
Rent Per Square Feet
$30.39

Investment Overview

Goleta is a city in southern Santa Barbara County, California. It was incorporated as a city in 2002, after a long period as the largest unincorporated populated area in the county. It is known for being near the University of California, Santa Barbara, campus. The University of California, Santa Barbara, is the major center of economic activity in the area, both directly and through the numerous associated service industry activities which exist for the staff and students. Hispanic Business had its corporate headquarters in Goleta. Deckers Outdoor Corporation is based in Goleta. It is the parent company for UGG Australia, Teva, Sanuk, Ahnu and Hoka One One. Several technology sector businesses operate in the area due to the proximity to the university, including Raytheon, Lockheed Martin, Northrop Grumman, AppFolio, FLIR and InTouch. The Bacara Resort, located at the western edge of the city, also employs many residents.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,700 Convenient Locations in 40 States - and Growing.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Walking Distance from Goleta Valley Cottage Hospital - a 48-bed Acute Care Hospital, admitting more than 1,700 Patients a Year, Receives 24,000 ER Visits and nearly 30,000 Outpatient visits per Year.
  • Positioned Along Area's Traffic and Industrial Corridor. Adjacent to Ward Memorial Blvd/Hwy 217, which Features Daily Traffic Counts Exceeding 24k Vehicles. Near US Hwy 101 (118k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $137k+ within a 3-Mile Radius and and over 105k People Residing within a 5-Mile Radius.
  • In Close Proximity to Santa Barbara Airport - the Tri-County Region's Airport of Choice, encompassing 952 Acres with more than 510k Annual Enplanements. Minutes from University of California-Santa Barbara - part of the University of California University system with an Enrollment of more than 25k Students.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Caliber Collision | Rare Santa Barbara Real Estate | 15 Year Absolute Net Lease | Excellent Demos

Listing Price: $5,455,000

Cap Rate
5.50%
Tenant Name
Caliber Collision
Years Remaining On Lease
14.9
Gross SF
9,871
Guarantor
Corporate Guarantee
Rentable SF
9,871
Price/Gross SF
$552.63
Lease Type
Absolute Net
Rent Per Square Feet
$30.39

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Caliber Collision is the Nation's Largest Collision Repair provider, with more than 1,700 Convenient Locations in 40 States - and Growing.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Walking Distance from Goleta Valley Cottage Hospital - a 48-bed Acute Care Hospital, admitting more than 1,700 Patients a Year, Receives 24,000 ER Visits and nearly 30,000 Outpatient visits per Year.
  • Positioned Along Area's Traffic and Industrial Corridor. Adjacent to Ward Memorial Blvd/Hwy 217, which Features Daily Traffic Counts Exceeding 24k Vehicles. Near US Hwy 101 (118k+ VPD).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $137k+ within a 3-Mile Radius and and over 105k People Residing within a 5-Mile Radius.
  • In Close Proximity to Santa Barbara Airport - the Tri-County Region's Airport of Choice, encompassing 952 Acres with more than 510k Annual Enplanements. Minutes from University of California-Santa Barbara - part of the University of California University system with an Enrollment of more than 25k Students.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Investment Overview

Goleta is a city in southern Santa Barbara County, California. It was incorporated as a city in 2002, after a long period as the largest unincorporated populated area in the county. It is known for being near the University of California, Santa Barbara, campus. The University of California, Santa Barbara, is the major center of economic activity in the area, both directly and through the numerous associated service industry activities which exist for the staff and students. Hispanic Business had its corporate headquarters in Goleta. Deckers Outdoor Corporation is based in Goleta. It is the parent company for UGG Australia, Teva, Sanuk, Ahnu and Hoka One One. Several technology sector businesses operate in the area due to the proximity to the university, including Raytheon, Lockheed Martin, Northrop Grumman, AppFolio, FLIR and InTouch. The Bacara Resort, located at the western edge of the city, also employs many residents.

Exclusively Listed By

Financing By

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