22221-22227 Pacific Coast Highway, a commercial property in the City of Malibu, has sold for $3,000,000.
22221-22227 Pacific Coast Highway is a mixed-use commercial property comprised of two buildings, one single-story commercial building and second two-story building totaling approximately 5,582-square feet on approximately 10,743-square feet of land. The building was fully leased at the time of sale to short term tenants.
The seller was a Trust who had owned the property since the 1960s. The building was purchased by Dartbu, LLC, a private investor.
“This was a rare Malibu commercial investment opportunity that generated multiple offers for our seller,” said T.C. Macker, CCIM.
T.C. Macker, CCIM and Jennifer Moscoso of WESTMAC Commercial Brokerage Company represented both Buyer and Seller.