Updated Aug 28, 2026
Colliers Brokers $11.3 Million Sale Of Retail Center From AJR Capital Group In Santa Barbara
5585 Hollister Avenue
$11,300,000
Building Size
—
Asset Type
Retail
Closing
Aug 25, 2026
About this deal
AI
The property asset involved in this transaction is a neighborhood retail center located at 5555-5585 Hollister Avenue in Santa Barbara, CA. The transaction was completed for a total sale price of $11,300,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,300,000
- Seller: Andrew Fischmann - AJR Capital Group
- Brokers: Miles Waters, Austin Herlihy, Chris Parker, Mike Chung - Colliers
- Date of Sale: 08/25/2026
The sale involved representation from multiple brokers at Colliers, including Miles Waters, Austin Herlihy, Chris Parker, and Mike Chung, who represented the buyer in this transaction. This was a significant deal involving the sale of Kellogg Square from AJR Capital Group to an undisclosed buyer.
Players
Goleta Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93