22333 Pacific Coast HwyMalibu, CA 90265

This exceptional Malibu retail and office center, located at 22333 Pacific Coast Highway, presents a rare investment opportunity. The property boasts 15,520 net rentable square feet across three buildings, spanning two stories. Built in 1955 and extensively renovated in 2016 at a cost of $12.55 million, the property is in impeccable condition. The multi-tenant complex features a mix of retail spaces on the first floor and office spaces on the second floor, offering incredible ocean views. Situated on a 1.25-acre lot (APN 4452-024-005), the property benefits from excellent visibility with over 450 feet of frontage on Pacific Coast Highway, a traffic light at the entrance, and approximately 44,000 average daily traffic. The property includes 43 parking spaces (2.77 spaces per 1,000 sq ft). The current zoning is CC-Community Commercial, and the property is under a net lease with a weighted average lease term of 5.1 years. This prime location in the Billionaire's Beach area offers exceptional access to a high-net-worth consumer base, with $186.9 million in total specified consumer spending within a 5-mile radius. The property's location one mile from the Malibu Pier further enhances its desirability. This is an irreplaceable mixed-use asset offering strong tenancy and outstanding cash flow, making it an ideal 1031 exchange opportunity.