Malibu Sands Center | 22333 Pacific Coast Hwy
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Malibu Sands Center 22333 Pacific Coast Hwy
15,520 SF 84% Leased Retail Building Malibu, CA 90265 For Sale
Investment Highlights
- $5 MILLION PRICE REDUCTION
- IRREPLACEABLE MIXED USE
- STRONG TENANCY
- PRIME 1031 OPPORTUNITY
- AFFLUENT CONSUMER BASE
Executive Summary
Kennedy Wilson Real Estate Sales & Marketing presents Malibu Sands - a high end, ±15,520 net rentable square feet, two-story multi-tenant retail/office center in world renowned Malibu, California. Gut renovated in 2016, this trophy commercial center in the acclaimed Billionaire’s Beach area, is ideal for high-net-worth individuals and anyone seeking an upleg on their 1031 tax deferred exchange. An acquisition of Malibu Sands circumvents all market entry barriers inherent in Malibu such as high land costs, zoning restrictions, retail restrictions, coastal commission approvals, extensive entitlement/development processes, and possible construction delays.
Property Highlights:
+ One mile from the acclaimed Malibu Pier
+ $186.9M total specified consumer spending within 5-mile radius
+ Fully renovated (gut rehab) in 2016 at a cost of $12.55 million
+ Excellent visibility with over 450 ft of frontage on Pacific Coast Highway
+ Easy access with traffic light at entrance and +/- 44,000 annual average daily traffic
+ First floor retail with second floor offices featuring incredible ocean views
+ Outstanding cash flow and in-place long-term institutional quality leases (WALT 5.1 years)
+ Rare 1.25-acre site (APN 4452-024-005) with excellent monument signage
+ 43 parking spaces (2.77 spaces/1,000 sq. ft. of rentable area)
Property Highlights:
+ One mile from the acclaimed Malibu Pier
+ $186.9M total specified consumer spending within 5-mile radius
+ Fully renovated (gut rehab) in 2016 at a cost of $12.55 million
+ Excellent visibility with over 450 ft of frontage on Pacific Coast Highway
+ Easy access with traffic light at entrance and +/- 44,000 annual average daily traffic
+ First floor retail with second floor offices featuring incredible ocean views
+ Outstanding cash flow and in-place long-term institutional quality leases (WALT 5.1 years)
+ Rare 1.25-acre site (APN 4452-024-005) with excellent monument signage
+ 43 parking spaces (2.77 spaces/1,000 sq. ft. of rentable area)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,520 SF
Building Class
B
Year Built/Renovated
1955/1978
Percent Leased
84%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.28
Lot Size
1.28 AC
Zoning
CC - Community Commercial
Parking
44 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
451 ft on Pacific Coast Hwy
Amenities
- Pylon Sign
- Signage
- Balcony
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Great visibility and signage opportunity along Pacific Coast Hwy
2nd Floor bar and patio
| Space | Size | Space Use | Position | Available |
| 150 | 1,944 SF | Restaurant | Outparcel | Now |
| 240 | 579 SF | Office/Retail | - | Now |
150
| Size |
| 1,944 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
240
| Size |
| 579 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
150
| Size | 1,944 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Now |
Great visibility and signage opportunity along Pacific Coast Hwy
240
| Size | 579 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
2nd Floor bar and patio
PROPERTY TAXES
| Parcel Number | 4452-024-005 | Improvements Assessment | £1,889,274 |
| Land Assessment | £6,612,468 | Total Assessment | £8,501,742 |
PROPERTY TAXES
Parcel Number
4452-024-005
Land Assessment
£6,612,468
Improvements Assessment
£1,889,274
Total Assessment
£8,501,742
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Malibu Sands Center | 22333 Pacific Coast Hwy
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