malibu

Commercial Real Estate, T.C. Macker PR releases

WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $3 MILLION SALE OF COMMERCIAL PROPERTY IN MALIBU, CA


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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.

Commercial Real Estate

New Listing For Sale: Mixed-Use along Pacific Coast Highway in Malibu


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WESTMAC Commercial Brokerage Company is pleased to present for sale, 22227 Pacific Coast Highway, a unique opportunity for an investor or owner-user looking to acquire property in Malibu, one of the most affluent markets in the world.

22227 Pacific Coast Highway is a rare mixed-use commercial property situated on one of Southern California’s most recognized and highly traveled thoroughfares. 22227 Pacific Coast Highway is a highly visible mixed-use commercial property made up of approximately 6,687-square feet (4,369-square feet per tax record) of buildings on approximately 10,743-square feet of land. The property is comprised of two buildings, one single-story commercial building and one two-story residential building located behind the commercial. The property is currently leased to multiple tenants. All tenants are month to month.

The offering is a unique opportunity for investors looking for excellent potential to improve cash flow through leasing or occupy as a partial building user. Surrounded by some of the city’s most expensive homes and restaurants, 22227 Pacific Coast Highway sits at the pinnacle of real estate locale and desirability and would also well-suited for an owner-user seeking to position themselves in one of the most desirable and supply constrained districts in the world.

 

Download property brochure here.