Sunday, May 20 , 2018, 8:57 am | Mostly Cloudy 59º

 
 
 
 

Business

Industrial Building Occupied by FLIR in Goleta Sold to Local Investor

Once home to Raytheon, the industrial/R&D building at 5756 Thornwood Drive in Goleta has been purchased by a local investor for $2,815,000.

The 20,800-square-foot building was originally developed as a six-tenant industrial/office property but has served as a single-tenant R&D/production facility for the past 20 years.

Currently occupied by FLIR Commercial Vision, the building’s previous tenants included Indigo Systems, Amber Engineering and Raytheon. The existing layout comprises approximately 20 percent office and 80 percent industrial/production and clean room.

The sellers — Parrish Trust, James Knight and Alcor Enterprises — owned the property for 20 years and were represented by Greg Bartholomew of Hayes Commercial Group. Bob Tuler of Radius Group represented the buyer, Richard and Candice Doolittle. After FLIR vacates the building at the end of 2015, the buyers plan to remodel the building for new tenants.

Including this transaction, Goleta has seen $142 million in commercial and hotel property sales in 2014 YTD, which represents a 38 percent increase in dollar volume compared to the average for the prior five years.

— Ted Hoagland is the marketing director for Hayes Commercial Group.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.

Become a Supporter

Enter your email
Select your membership level
×

Payment Information

You are purchasing:

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >

Meet Your Realtor Sponsored by Village Properties

Photo of Elizabeth Wagner
Elizabeth Wagner
"I consider myself to be an up front and honest agent and willing to talk my clients out of purchasing a property that isn’t right for them or won’t meet their needs in a year or two."

Full Profile >