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2 Trophy Coastal Whole Foods Properties 2 Retail Properties Offered at $145,000,000 in Multiple Locations



Investment Highlights
- Anchored by Whole Foods Market, a subsidiary of Amazon with AA-rated credit
- Both properties offer fee simple ownership and NNN lease structures
- Located in two of California’s most affluent coastal markets
- Recent renovations and high parking ratios enhance long-term value
Executive Summary
This rare portfolio offering features two premier, Whole Foods-anchored assets in two of California’s most coveted coastal markets—Malibu and Santa Barbara. Both properties are 100% leased and strategically positioned to serve affluent, high-barrier-to-entry communities with exceptional visibility, access, and long-term growth potential.
The Park at Cross Creek in Malibu is a modern, open-air retail destination completed in 2019. Anchored by Whole Foods Market and surrounded by curated dining and boutique retail, the center serves as a vibrant community hub just minutes from Malibu Beach. With elegant architecture, abundant parking, and a walkable layout, it offers a best-in-class retail experience in one of the nation’s most exclusive zip codes.
The Santa Barbara Whole Foods is a single-tenant, corporate-guaranteed asset located on iconic State Street. Following a $3.5 million interior renovation in 2022 and exterior upgrades in 2023, the property boasts exceptional visibility, 178 on-site parking spaces, and serves as the only Whole Foods in Santa Barbara County. It draws from affluent enclaves like Montecito, Hope Ranch, and Goleta, with average household incomes exceeding $150,000 within a 3-mile radius.
Together, these assets offer investors a unique opportunity to acquire institutional-quality grocery-anchored real estate with Amazon-backed tenancy, irreplaceable locations, and strong demographic fundamentals.
The Park at Cross Creek in Malibu is a modern, open-air retail destination completed in 2019. Anchored by Whole Foods Market and surrounded by curated dining and boutique retail, the center serves as a vibrant community hub just minutes from Malibu Beach. With elegant architecture, abundant parking, and a walkable layout, it offers a best-in-class retail experience in one of the nation’s most exclusive zip codes.
The Santa Barbara Whole Foods is a single-tenant, corporate-guaranteed asset located on iconic State Street. Following a $3.5 million interior renovation in 2022 and exterior upgrades in 2023, the property boasts exceptional visibility, 178 on-site parking spaces, and serves as the only Whole Foods in Santa Barbara County. It draws from affluent enclaves like Montecito, Hope Ranch, and Goleta, with average household incomes exceeding $150,000 within a 3-mile radius.
Together, these assets offer investors a unique opportunity to acquire institutional-quality grocery-anchored real estate with Amazon-backed tenancy, irreplaceable locations, and strong demographic fundamentals.
Property Facts
| Price | $145,000,000 | Number of Properties | 2 |
| Price / SF | $2,094 / SF | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 69,234 SF |
| Status | Active | Total Land Area | 8.96 AC |
| Price | $145,000,000 |
| Price / SF | $2,094 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 69,234 SF |
| Total Land Area | 8.96 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Park At Cross Creek
23401 Civic Center Way, Malibu, CA 90265 |
Retail | 39,350 SF | 2019 | $87,500,000 |
|
Whole Foods
3761 State St, Santa Barbara, CA 93105 |
Retail | 29,884 SF | 1970 | $57,500,000 |
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2 Trophy Coastal Whole Foods Properties
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