The Park at Cross Creek 23401 Civic Center Way
39,350 SF 100% Leased 4-Star Retail Building Malibu, CA 90265 $124,693,617 CAD ($3,168.83 CAD/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Seller Financing Available
EXECUTIVE SUMMARY
The Brandon Michaels Group, as Exclusive Advisor, is Pleased to Present Qualified Investors with the Opportunity to Acquire The Park at CrossCreek Towne Center, a Premier Retail Destination in the Heart of World-Renowned Malibu, CA
The Park at Cross Creek is a 39,350-square-foot, grocery-anchored trophy shopping center situated in one of the most coveted submarkets in the world. Anchored by Whole Foods Market—the only Whole Foods serving the affluent communities of Malibu, Pacific Palisades, Agoura Hills, Hidden Hills, and Calabasas—the center is a key retail hub catering to both local residents and the influx of tourists that visit the area annually.
The Park at Cross Creek is a 39,350-square-foot, grocery-anchored trophy shopping center situated in one of the most coveted submarkets in the world. Anchored by Whole Foods Market—the only Whole Foods serving the affluent communities of Malibu, Pacific Palisades, Agoura Hills, Hidden Hills, and Calabasas—the center is a key retail hub catering to both local residents and the influx of tourists that visit the area annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
39,350 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$124,693,617 CAD
Price Per SF
$3,168.83 CAD
Cap Rate
4.50%
NOI
$5,611,213 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
5.96 AC
Zoning
CC
Parking
220 Spaces (5.59 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1C
- 945 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1C | 945 SF | Retail | - | Now |
1C
| Size |
| 945 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4458-022-030 | Improvements Assessment | $46,898,800 CAD |
| Land Assessment | $15,743,162 CAD | Total Assessment | $62,641,962 CAD |
