23401 Civic Center Way - Retail FOR SALE


Malibu, CA 90265- Eastern Malibu
$87,500,000 USD
310-996-2217
23401 Civic Center Way, Malibu, CA for Sale
$87,500,000 USD
Retail - FOR SALE
1/2
null | Request Cap Rate

23401 Civic Center Way
Malibu, CA 90265
Eastern Malibu


HIGHLIGHTS

  • Anchored by Whole Foods Market, backed by Amazon’s AA-rated credit
  • Located in Malibu’s core retail corridor with unmatched visibility
  • Features a curated mix of dining and boutique retail tailored to the community
  • Completed in 2019 with high-end finishes and open-air design

OVERVIEW

Located in the heart of Malibu, The Park at Cross Creek is a flagship open-air retail destination anchored by Whole Foods Market, one of the nation’s most trusted grocery brands and a wholly owned subsidiary of Amazon. Completed in 2019, the center blends upscale architectural design with curated retail and dining experiences tailored to Malibu’s affluent community and coastal visitors. This high-visibility property offers a rare combination of prestige, performance, and place. It features elegant landscaping, inviting patios, and community gathering spaces that elevate the shopping experience beyond traditional retail. The tenant mix includes nationally recognized brands and local favorites, creating a vibrant hub for daily needs and lifestyle indulgences. The Park at Cross Creek is situated in one of California’s most restrictive and sought-after coastal markets, where new development opportunities are extremely limited. Years of entitlement work and planning went into delivering this center, making it a truly irreplaceable asset. With recent federal tax updates enabling 100% bonus depreciation, investors may benefit from significant tax incentives and enhanced returns.

FOR SALE DETAILS

PRICE

$87,500,000 USD

PRICE/SF

$2,224 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Park At Cross Creek

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.97 AC

LAND SF

260,053 SF

ZONING

LCC2*

APN/PARCEL ID

4458-022-030

ASK ABOUT THIS PROPERTY

Tanel HarunzadeKidder MathewsMore Info
310-996-2217

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Tanel HarunzadeKidder MathewsMore Info
310-996-2217

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.