GOLETA, CA—The Foodbank of Santa Barbara County purchased a 77,900 SF warehouse/office property at 80-82 Coromar Dr in Goleta for its own use. The price for the off-market sale was $12.7 million.
Liam Murphy and Greg Bartholomew of Hayes Commercial Group represented the Foodbank in the transaction, which is the culmination of a five-year search for the perfect facility. Dave Pintard of Pintard Commercial Real Estate and Kristopher Roth of Hayes Commercial Group represented the seller.
“In the past 18 months Foodbank has doubled the amount of food and services it provides to the residents of Santa Barbara County,” Murphy said. “We are honored to help Foodbank acquire this property, which will enable them to continue to increase their services, including accepting and distributing food to alleviate food scarcity and insecurity.”
Built in 1984, the property consists of two buildings on a 4.3-acre parcel. The prominent location near the corner of Hollister Avenue and Los Carneros Road is in the heart of Goleta’s business corridor, with easy access to the freeway. 80 Coromar Dr is a 57,600 SF warehouse building with twenty-foot ceilings, and multiple loading doors, providing an ideal hub for Foodbank’s South County distribution operations. 82 Coromar Dr is a 20,300 SF office building to house their operations team.
Foodbank plans to occupy a portion of both buildings and lease additional space to other non-profits and businesses working to improve the community. Questions about leasing the available space can be directed to Liam Murphy or Greg Bartholomew.
As stated on its website, Foodbank of Santa Barbara County’s mission is to end hunger and transform the health of Santa Barbara County through good nutrition.
In support of this mission, Hayes Commercial Group contributed a $10,000 matching grant to the Foodbank’s “hunger action month” fundraising campaign.