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The Park At Cross Creek 23401 Civic Center Way 39,350 SF 100% Leased 4-Star Retail Building Malibu, CA 90265 $87,500,000 ($2,223.63/SF)


INVESTMENT HIGHLIGHTS
- Anchored by Whole Foods Market, backed by Amazon’s AA-rated credit
- Features a curated mix of dining and boutique retail tailored to the community
- Located in Malibu’s core retail corridor with unmatched visibility
- Completed in 2019 with high-end finishes and open-air design
EXECUTIVE SUMMARY
Located in the heart of Malibu, The Park at Cross Creek is a flagship open-air retail destination anchored by Whole Foods Market, one of the nation’s most trusted grocery brands and a wholly owned subsidiary of Amazon. Completed in 2019, the center blends upscale architectural design with curated retail and dining experiences tailored to Malibu’s affluent community and coastal visitors.
This high-visibility property offers a rare combination of prestige, performance, and place. It features elegant landscaping, inviting patios, and community gathering spaces that elevate the shopping experience beyond traditional retail. The tenant mix includes nationally recognized brands and local favorites, creating a vibrant hub for daily needs and lifestyle indulgences.
The Park at Cross Creek is situated in one of California’s most restrictive and sought-after coastal markets, where new development opportunities are extremely limited. Years of entitlement work and planning went into delivering this center, making it a truly irreplaceable asset. With recent federal tax updates enabling 100% bonus depreciation, investors may benefit from significant tax incentives and enhanced returns.
This high-visibility property offers a rare combination of prestige, performance, and place. It features elegant landscaping, inviting patios, and community gathering spaces that elevate the shopping experience beyond traditional retail. The tenant mix includes nationally recognized brands and local favorites, creating a vibrant hub for daily needs and lifestyle indulgences.
The Park at Cross Creek is situated in one of California’s most restrictive and sought-after coastal markets, where new development opportunities are extremely limited. Years of entitlement work and planning went into delivering this center, making it a truly irreplaceable asset. With recent federal tax updates enabling 100% bonus depreciation, investors may benefit from significant tax incentives and enhanced returns.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
39,350 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2019
Price
$87,500,000
Price Per SF
$2,223.63
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
5.97 AC
Zoning
LCC2* - Shopping Center
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4458-022-030 | Improvements Assessment | $20,400,000 |
| Land Assessment | $61,200,000 | Total Assessment | $81,600,000 |
PROPERTY TAXES
Parcel Number
4458-022-030
Land Assessment
$61,200,000
Improvements Assessment
$20,400,000
Total Assessment
$81,600,000
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The Park At Cross Creek | 23401 Civic Center Way
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