Malibu Sands Center 22333 Pacific Coast Hwy

Kennedy Wilson Real Estate Sales & Marketing presents Malibu Sands - a high end, ±15,520 net rentable square feet, two-story multi-tenant retail/office center in world renowned Malibu, California. Gut renovated in 2016, this trophy commercial center in the acclaimed Billionaire’s Beach area, is ideal for high-net-worth individuals and anyone seeking an upleg on their 1031 tax deferred exchange. An acquisition of Malibu Sands circumvents all market entry barriers inherent in Malibu such as high land costs, zoning restrictions, retail restrictions, coastal commission approvals, extensive entitlement/development processes, and possible construction delays.
Property Highlights:
+ One mile from the acclaimed Malibu Pier
+ $186.9M total specified consumer spending within 5-mile radius
+ Fully renovated (gut rehab) in 2016 at a cost of $12.55 million
+ Excellent visibility with over 450 ft of frontage on Pacific Coast Highway
+ Easy access with traffic light at entrance and +/- 44,000 annual average daily traffic
+ First floor retail with second floor offices featuring incredible ocean views
+ Outstanding cash flow and in-place long-term institutional quality leases (WALT 5.1 years)
+ Rare 1.25-acre site (APN 4452-024-005) with excellent monument signage
+ 43 parking spaces (2.77 spaces/1,000 sq. ft. of rentable area)