Mixed-Use

28925 Pacific Coast Hwy

28925 Pacific Coast Hwy, Malibu, CA 90265

Listing Price: $4,500,000

Cap Rate
0.30%
Number of Suites
7
Gross SF
6,636
Rentable SF
6,123
Price/Gross SF
$678.12
Lot Size
0.42 acres
Year Built
1980

Investment Overview

28925 Pacific Coast Highway is a 6,636 square foot mixed-use retail and office building situated on 18,198 square feet of land ideally located on the NE signalized corner of Pacific Coast Highway and Kanan Dume Road in the prestigious and affluent Los Angeles County sub-market of Malibu, CA. The subject property is well positioned along prestigious Pacific Coast Highway just blocks from the Pacific Ocean amongst a sea of multi-million-dollar homes. 28925 Pacific Coast Highway is a mixed-use property consisting of ground floor retail and second story office space. There are four retail units on the ground floor which average 935 square feet. Current retail tenants include Gravina Malibu, a well known Italian Restaurant that has been a staple in the community, a dress shop, and a hair salon. One retail space consisting of 287 square feet is currently vacant. There are three office units on the second story which average 793 square feet. Currently, 1,704 square feet of office space is vacant. In total, the property is currently 62% occupied. All leases are month to month, creating significant flexibility for an Owner-User Buyer or value-add investor. Investors are presented with the opportunity to add value through stabilization for immediate upside. From an Owner- User perspective, the property offers opportunities to both retail and office users, as an owner-user Buyer has the ability to occupy a either the retail or office space, or both. 28925 Pacific Coast Highway benefits from excellent visibility and frontage along both Pacific Coast Highway and Kanan Dume Road. Daily traffic counts along Pacific Coast Highway exceed 30,000 vehicles per day. The subject property is located a half mile from Point Dume Village, a mall which features retail amenities such as Pavilions, Starbucks, Sun Life Organics, and Subway. 28925 Pacific Coast Highway is located approximately 5.6 miles from Pepperdine University, an 830 acre college campus home to over 3,500 undergraduate students. 28925 Pacific Coast Highway is well located in Malibu, best known for it’s 21 mile coastline. The property is located less than 1.50 miles from Zuma Beach, Point Dume State Beach, and Paradise Cove Beach. It is also located about 5.6 miles from Pepperdine University. The beaches attract tourists from all over the world - in years past, Malibu has attracted more than 7.4 million visitors over it’s Summer seasons. Holiday weekends alone have been known to bring over 450,000 visitors to Malibu.

Investment Highlights

  • EXCELLENT MALIBU LOCATION, JUST BLOCKS FROM THE PACIFIC OCEAN
  • IDEAL VALUE-ADD INVESTMENT OR OWNER USER OPPORTUNITY
  • 6,636 SF OF MIXED-USE RETAIL & OFFICE

Exclusively Listed By

Listing Price: $4,500,000

Cap Rate
0.30%
Number of Suites
7
Gross SF
6,636
Rentable SF
6,123
Price/Gross SF
$678.12
Lot Size
0.42 acres
Year Built
1980

Investment Highlights

  • EXCELLENT MALIBU LOCATION, JUST BLOCKS FROM THE PACIFIC OCEAN
  • IDEAL VALUE-ADD INVESTMENT OR OWNER USER OPPORTUNITY
  • 6,636 SF OF MIXED-USE RETAIL & OFFICE

Investment Overview

28925 Pacific Coast Highway is a 6,636 square foot mixed-use retail and office building situated on 18,198 square feet of land ideally located on the NE signalized corner of Pacific Coast Highway and Kanan Dume Road in the prestigious and affluent Los Angeles County sub-market of Malibu, CA. The subject property is well positioned along prestigious Pacific Coast Highway just blocks from the Pacific Ocean amongst a sea of multi-million-dollar homes. 28925 Pacific Coast Highway is a mixed-use property consisting of ground floor retail and second story office space. There are four retail units on the ground floor which average 935 square feet. Current retail tenants include Gravina Malibu, a well known Italian Restaurant that has been a staple in the community, a dress shop, and a hair salon. One retail space consisting of 287 square feet is currently vacant. There are three office units on the second story which average 793 square feet. Currently, 1,704 square feet of office space is vacant. In total, the property is currently 62% occupied. All leases are month to month, creating significant flexibility for an Owner-User Buyer or value-add investor. Investors are presented with the opportunity to add value through stabilization for immediate upside. From an Owner- User perspective, the property offers opportunities to both retail and office users, as an owner-user Buyer has the ability to occupy a either the retail or office space, or both. 28925 Pacific Coast Highway benefits from excellent visibility and frontage along both Pacific Coast Highway and Kanan Dume Road. Daily traffic counts along Pacific Coast Highway exceed 30,000 vehicles per day. The subject property is located a half mile from Point Dume Village, a mall which features retail amenities such as Pavilions, Starbucks, Sun Life Organics, and Subway. 28925 Pacific Coast Highway is located approximately 5.6 miles from Pepperdine University, an 830 acre college campus home to over 3,500 undergraduate students. 28925 Pacific Coast Highway is well located in Malibu, best known for it’s 21 mile coastline. The property is located less than 1.50 miles from Zuma Beach, Point Dume State Beach, and Paradise Cove Beach. It is also located about 5.6 miles from Pepperdine University. The beaches attract tourists from all over the world - in years past, Malibu has attracted more than 7.4 million visitors over it’s Summer seasons. Holiday weekends alone have been known to bring over 450,000 visitors to Malibu.

Exclusively Listed By

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