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111 S La Patera Ln 38,777 SF 100% Leased Industrial Building Goleta, CA 93117 $5,500,000 ($141.84/SF)
Executive Summary
The industrial campus at 111 S. La Patera Lane presents a rare multi-building opportunity in Goleta’s constrained BP-zoned market, offering a blend of functionality, expansion capability, and long-term versatility appealing to both users and investors. The property features a substantial main warehouse supported by four additional structures, creating a flexible configuration suited for manufacturing, research and development, storage, or multi-tenant strategies. The site benefits from strong infrastructure, including 400-amp, 480-volt power and clear heights ranging from roughly 14 to 17.5 feet, enabling efficient production, equipment use, and material handling. Spread across a 3.02-acre parcel, the campus includes individual buildings at 107, 109, and 111 La Patera Lane, along with a dedicated garage, forming a cohesive environment adaptable to diverse operational needs. Located within a high-demand industrial pocket of Goleta with limited comparable supply, the asset offers substantial upside through repositioning, consolidation, or future lease-up. Its proximity to Goleta’s tech-driven economic base, established industrial operators, and the broader Santa Barbara innovation corridor further strengthens its long-term value, making this a compelling opportunity for buyers seeking scale, utility, and strategic location.
Property Facts
| Price | $5,500,000 | Lot Size | 3.02 AC |
| Price Per SF | $141.84 | Rentable Building Area | 38,777 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1950 |
| Property Subtype | Distribution | Parking Ratio | 0.52/1,000 SF |
| Building Class | C | Clear Ceiling Height | 14’ |
| Zoning | C | ||
| Price | $5,500,000 |
| Price Per SF | $141.84 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.02 AC |
| Rentable Building Area | 38,777 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 0.52/1,000 SF |
| Clear Ceiling Height | 14’ |
| Zoning | C |
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Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 073-050-039 | Improvements Assessment | $1,791,573 |
| Land Assessment | $1,465,830 | Total Assessment | $3,257,403 |
Property Taxes
Parcel Number
073-050-039
Land Assessment
$1,465,830
Improvements Assessment
$1,791,573
Total Assessment
$3,257,403
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111 S La Patera Ln
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