Pixel Tracker

Thursday, January 17 , 2019, 6:28 pm | Fog/Mist 59º

 
 
 
 

Raytheon Building in Goleta Sold in Off-Market Deal

Once owned by Raytheon, the 102,066-square-foot office building at 1 S. Los Carneros Road in Goleta has been purchased by an unnamed owner-user in an off-market deal.

Although the sale price has not been disclosed, it is the highest value commercial sale to date in 2014 for the South Coast of Santa Barbara County and the highest value Goleta office property sale in eight years.

Francois DeJohn and Steve Hayes of Hayes Commercial Group represented the seller. Mike Catalano of Studley represented the buyer.

The deal marks the fourth major office property sold in Goleta in the past nine months, along with the $13.95 million sale of 6550 Hollister Ave. three weeks ago, the $20.4 million sale of 6500 Hollister Ave. in January and the $19.7 million sale of 7414-7418 Hollister Ave. on Sept. 30 of last year.

DeJohn and Hayes brokered all four sales. The pair have worked in partnership for 18 years, completing more than $1 billion in transaction volume.

“We haven’t seen this volume of office property sales in Goleta since the heady days of 2006,” DeJohn said. “Since the recession, demand has been building for quality commercial assets on the South Coast, and these sales demonstrate that buyers are finding owners willing to sell.”

Located in the Campus Pointe complex, the building was built by Raytheon for its own use. In fact, DeJohn and Hayes brokered the sale of the property by Raytheon as part of a $41 million transaction in 1998.

In addition to Raytheon, occupants have included Santa Barbara Bank & Trust/Union Bank, Allergan and Brown & Brown Insurance.

— Ted Hoagland is the marketing manager 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 using a credit card, Apple Pay or Google Pay, or click here for information on recurring credit-card payments and a mailing address for checks.

Thank you for your vital support.

Become a Noozhawk Supporter

First name
Last name
Email
Select your monthly membership
Or choose an annual membership
×

Payment Information

Membership Subscription

You are enrolling in . Thank you for joining the Hawks Club.

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover
One click only, please!

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.
You may cancel your membership at any time by sending an email to .(JavaScript must be enabled to view this email address).

  • 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 Gary Welterlen and Carla Reeves
Gary Welterlen and Carla Reeves
"We both love this business. We strive to make life long relationships from each real estate transaction."

Full Profile >