28925 Pacific Coast Highway
Malibu, CA 90265

Price: | $4,250,000 | Zoning: | LCCPD* |
Bldg SF: | 6,636 SF | Price/SF: | $640 |
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: $4,250,000
Bldg SF: 6,636 SF
Land SF: 18,198 SF
Year Built: 1980
Price/SF: $640
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
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Prime signalized corner location in prestigious Malibu, CA
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Located proximate to some of the most popular destination beaches in the world
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Located close to amenities including multiple shopping destinations including the Malibu Country Mart, Malibu Farmers Market, Malibu Pier, and Malibu Colony Plaza
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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
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The property is 33% vacant, allowing the opportunity for an investor to create immediate upside through stabilization
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An owner-user would have the ability to occupy either retail and or office space within the building
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Ideal unit sizes averaging 765 square feet
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Small units are easily leasable with minimal tenant improvement costs between tenants
Strong Demographics
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Average household income is over $178,000 within two miles of the property
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The median home value within 2 miles of the property is over $1,070,000
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The population within 5 miles of the property is over 11,500, with over 3,800 households
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Malibu is known as a premier tourist destination, which brings an estimated 13 million visitors annually
Sub-Market Saturated with Retail Amenities & Tourist Attractions
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Walking distance from Pavilions, Starbucks, Sunlife Organics, and Subway
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Located approximately 5.6 miles from Pepperdine University, an 830 acre college campus home to over 3,500 undergraduate students
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Located near several popular shopping destinations
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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