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28925 Pacific Coast Highway
Malibu, CA 90265

Price: $4,500,000 Zoning: LCCPD*
Bldg SF: 6,636 SF Price/SF: $678
Land SF: 18,198 SF Occupancy: 62%
Year Built:  1980 Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 28925 Pacific Coast Highway, Malibu, CA 90265
Price: $4,500,000
Bldg SF: 6,636 SF
Land SF: 18,198 SF
Year Built: 1980
Price/SF: $678
Occupancy:  62%
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Fantastic Malibu Location

 

  • Prime signalized corner location in prestigious Malibu, CA
    
    
  • Located proximate to some of the most popular destination beaches in the world
    
    
  • Located close to amenities including multiple shopping destinations including the Malibu Country Mart, Malibu Farmers Market, Malibu Pier, and Malibu Colony Plaza
    
    
  • The beaches, state parks, and shopping destinations have been known to bring in over 7.4 million visitors during it’s busy Summer season

 

Excellent Opportunity for an Investor or Owner-User

 

  • The property is 33% vacant, allowing the opportunity for an investor to create immediate upside through stabilization
    
    
  • An owner-user would have the ability to occupy either retail and or office space within the building
    
    
  • Ideal unit sizes averaging 765 square feet
    
    
  • Small units are easily leasable with minimal tenant improvement costs between tenants

 

Strong Demographics

 

  • Average household income is over $178,000 within two miles of the property
    
    
  • The median home value within 2 miles of the property is over $1,070,000
    
    
  • The population within 5 miles of the property is over 11,500, with over 3,800 households
    
    
  • Malibu is known as a premier tourist destination, which brings an estimated 13 million visitors annually

 

Sub-Market Saturated with Retail Amenities & Tourist Attractions

 

  • Walking distance from Pavilions, Starbucks, Sunlife Organics, and Subway
    
    
  • Located approximately 5.6 miles from Pepperdine University, an 830 acre college campus home to over 3,500 undergraduate students
    
    
  • Located near several popular shopping destinations
    
    
  • Home to several state parks and beaches such as Point Dume Beach, Zuma Beach, El Matador, Surfrider Beach, Malibu Creek State Park, and Point Mugu State Park