28955 Pacific Coast Hwy - Storefront Retail/Office FOR SALE


Malibu, CA 90265- Central Malibu
$8,800,000 USD
818-501-2212
28955 Pacific Coast Hwy, Malibu, CA for Sale
$8,800,000 USD
Storefront Retail/Office - FOR SALE
1/17
null | Request Cap Rate

28955 Pacific Coast Hwy
Malibu, CA 90265
Central Malibu


OVERVIEW

28955 Pacific Coast Highway represents a rare opportunity for a buyer to acquire a multi-tenant retail and office asset with strong visibility, abundant parking, and significant long term owner-user or investment potential. The property consists of 15,991 square feet of existing improvements situated on 0.43 acres of land at the signalized corner of Kanan and PCH, offering unbelievable visibility and outsize traffic counts for owner-users and retail / office tenants alike. Commuters will appreciate the location’s proximity to restaurants and shops, convenient access to public transportation, and immediate access to Malibu’s main arterial.The site is improved with a three-story retail and office structure, and is supported by 42 surface parking stalls. Current occupancy is approximately 67%, offering immediate stability for an owner-user while they perform improvements to accommodate their business, and ensuring reliable cash flow for investors during the leasing/stabilization process The property offers an open three-story layout with flexible floorplans, a mix of coffered and raised ceilings, and extensive window line exposure that allows for abundant natural lighting. The private outdoor seating areas and balconies provide a sense of privacy and serenity. The approximately 5,150 square feet of available space is easily reconfigurable, with the potential to add an additional 1,600 SF.

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Malibu Retail/Office Asset Owner-User

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

LCC1-2

APN/PARCEL ID

4467-035-067

ASK ABOUT THIS PROPERTY

James Heerdegenilli Commercial Real EstateMore Info
818-501-2212

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James Heerdegenilli Commercial Real EstateMore Info
818-501-2212

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