Prime Malibu Retail/Office Asset Owner-User 28955 Pacific Coast Hwy 16,500 SF 40% Leased Retail Building Malibu, CA 90265 $8,800,000 ($533.33/SF)

28955 Pacific Coast Highway represents a rare opportunity for a buyer to acquire a multi-tenant retail and office asset with strong visibility, abundant parking, and significant long term owner-user or investment potential.
The property consists of 15,991 square feet of existing improvements situated on 0.43 acres of land at the signalized corner of Kanan and PCH, offering unbelievable visibility and outsize traffic counts for owner-users and retail / office tenants alike. Commuters will appreciate the location’s proximity to restaurants and shops, convenient access to public transportation, and immediate access to Malibu’s main arterial.The site is improved with a three-story retail and office structure, and is supported by 42 surface parking stalls. Current occupancy is approximately 67%, offering immediate stability for an owner-user while they perform improvements to accommodate their business, and ensuring reliable cash flow for investors during the leasing/stabilization process
The property offers an open three-story layout with flexible floorplans, a mix of coffered and raised ceilings, and extensive window line exposure that allows for abundant natural lighting. The private outdoor seating areas and balconies provide a sense of privacy and serenity. The approximately 5,150 square feet of available space is easily reconfigurable, with the potential to add an additional 1,600 SF.