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320 Hillcrest Rd 36,046 SF 74% Leased Industrial Building Hollister, CA 95023 $4,743,680 CAD ($131.60 CAD/SF) 7.41% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Two-building, industrial/retail property with strong value-add and development potential for investors seeking growth opportunities.
  • This property boasts excellent in-place income with a solid tenant mix and the ability to increase incomes by raising rents.
  • Area demographics are impressive, with a growing population and a robust workforce of over 20,390 employees within 10 miles.
  • Excellent high-traffic location just 200 feet from Highway 25 ,which swiftly connects to San Jose.
  • Prime placement near major national retailers Target, Ace Hardware, Rite Aid, Nob Hill Foods, Ross, Walgreens, Safeway, and Verizon.

EXECUTIVE SUMMARY

Major Price Reduction!
Leverage this industrial and retail property with outstanding accessibility.

320 Hillcrest Road is a single-story structure comprising reinforced concrete construction. The property features two on-site structures encompassing a total of 11 units, with sizes ranging from 800 to 14,000 square feet, offering flexible options for a variety of users and tenants. Situated on 1.62 acres, the site has eight drive-in doors and impressive 25-foot ceiling heights.

Hollister, California, presents a strategic opportunity for industrial and retail investors seeking a prime distribution hub with diverse transit options. Located on the Central Coast, Hollister sits within a 50-mile radius of key markets, including Gilroy, Monterey, Santa Cruz, San Jose, and Los Banos, offering unmatched regional accessibility. The city is home to significant industrial and warehouse facilities, with major players such as Amazon and Rinchem Chemical Logistics establishing a strong presence. Notable industrial centers such as 365 Apollo Way, Northpointe Business Park, and 354 1st Street further anchor Hollister’s growing commercial landscape. Beyond its industrial strengths, Hollister benefits from a robust agricultural economy, producing fresh crops like apricots, olive oil, pomegranates, walnuts, apples, tomatoes, and peppers. Its proximity to Silicon Valley uniquely positions Hollister as a vital nexus for businesses serving both the high-tech demands of the Bay Area and the agricultural sectors of Central California.

For investors, Hollister offers a compelling blend of location, infrastructure, and market diversity that is ideal for capitalizing on the region’s expanding industrial and retail needs.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $518,465 $14.38
Other Income - -
Vacancy Loss $25,923 $0.72
Effective Gross Income $492,542 $13.66
Taxes $59,296 $1.65
Operating Expenses $81,593 $2.26
Total Expenses $140,889 $3.91
Net Operating Income $351,653 $9.76

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual $518,465
Annual Per SF $14.38
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $25,923
Annual Per SF $0.72
Effective Gross Income (CAD)
Annual $492,542
Annual Per SF $13.66
Taxes (CAD)
Annual $59,296
Annual Per SF $1.65
Operating Expenses (CAD)
Annual $81,593
Annual Per SF $2.26
Total Expenses (CAD)
Annual $140,889
Annual Per SF $3.91
Net Operating Income (CAD)
Annual $351,653
Annual Per SF $9.76

PROPERTY FACTS

Price $4,743,680 CAD
Price Per SF $131.60 CAD
Sale Type Investment or Owner User
Cap Rate 7.41%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Showroom
  • General Retail Freestanding
  • General Retail Service Station
  • General Retail Storefront
Building Class C
Lot Size 1.62 AC
Rentable Building Area 36,046 SF
No. Stories 1
Year Built 1920
Parking Ratio 0.16/1,000 SF
No. Drive In / Grade-Level Doors 8
Zoning NMU Commercial

AMENITIES

  • 24 Hour Access
  • Fitness Center
  • Mezzanine
  • Security System
  • Signage
  • Skylights
  • Reception
  • Storage Space
  • Monument Signage

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 101
  • 2,520 SF
  • Retail
  • Full Build-Out
  • Now

This unit has private bathrooms and 2nd floor loft office. Can be combined at a lower price per sqft.

  • 1st Fl - 104
  • 3,850 SF
  • Industrial
  • Partial Build-Out
  • Now

Can be combined. This unit has no restroom or office.

  • 1st Fl - 109
  • 3,000 SF
  • Flex
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 101 2,520 SF Retail Full Build-Out Now
1st Fl - 104 3,850 SF Industrial Partial Build-Out Now
1st Fl - 109 3,000 SF Flex Full Build-Out Now

1st Fl-Ste 101

Size
2,520 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

1st Fl - 104

Size
3,850 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

1st Fl - 109

Size
3,000 SF
Space Use
Flex
Condition
Full Build-Out
Available
Now

1st Fl-Ste 101

Size 2,520 SF
Space Use Retail
Condition Full Build-Out
Available Now

This unit has private bathrooms and 2nd floor loft office. Can be combined at a lower price per sqft.

1st Fl - 104

Size 3,850 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

Can be combined. This unit has no restroom or office.

1st Fl - 109

Size 3,000 SF
Space Use Flex
Condition Full Build-Out
Available Now

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
San Jose
1,030,119
46
0 h 58 m
San Francisco
883,305
94
1 h 55 m
Fresno
530,093
114
2 h 23 m
Los Angeles
3,990,456
308
5 h 47 m
San Diego
1,425,976
420
7 h 59 m
Las Vegas
644,644
498
9 h 23 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
60,758
Total Labor Force
35,865
Unemployment Rate
5.80%
Median Household Income
$106,464
Warehouse Employees
6,071
High School Education Or Higher
83.90%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
054-280-001-000
Land Assessment
$1,494,563 CAD
Improvements Assessment
$1,814,236 CAD
Total Assessment
$3,308,798 CAD
Annual Taxes
$59,296 CAD ($1.65 CAD/SF)
Tax Year
2025
  • Listing ID: 35761101

  • Date on Market: 2025-05-06

  • Last Updated:

  • Address: 320 Hillcrest Rd, Hollister, CA 95023

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