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 58%, 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. This opportunity is further bolstered by the availability of assumable and seller financing at competitive rates.
The property offers an open three-story layout with flexible floor plans, 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 6,750 square feet of available space is easily reconfigurable.