Kanan Crossing 28955 Pacific Coast Hwy
17,614 SF 40% Leased Retail Building Malibu, CA 90265 $9,600,000 ($545/SF) 6.24% Cap Rate
Investment Highlights
- Contemporary architecture with ample outdoor space with balconies overlooking the ocean
- Great for owner user who is in the Medical, Wellness or Professional Office space
- High visibility location with 45000 car per day
- Offering 5% Commissions on our spaces available for Lease
Executive Summary
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $925,119 | $52.52 |
Other Income | - | - |
Vacancy Loss | $138,768 | $7.88 |
Effective Gross Income | $786,351 | $44.64 |
Taxes | $85,000 | $4.83 |
Operating Expenses | $91,547 | $5.20 |
Total Expenses | $176,547 | $10.02 |
Net Operating Income | $609,804 | $34.62 |
Property Facts
Amenities
- Bus Line
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Air Conditioning
- Balcony
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Rent of $1/SF NNN built in.
Rent of $1/SF NNN built in.
Rent of $1/SF NNN built in.
Space | Size | Space Use | Position | Available |
110 | 1,000 SF | Office/Retail | - | Now |
120 | 800 SF | Office/Retail | - | Now |
210-310 | 3,200 SF | Office/Retail | - | Now |
110
Size |
1,000 SF |
Space Use |
Office/Retail |
Position |
- |
Available |
Now |
120
Size |
800 SF |
Space Use |
Office/Retail |
Position |
- |
Available |
Now |
210-310
Size |
3,200 SF |
Space Use |
Office/Retail |
Position |
- |
Available |
Now |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 4467-035-067 | Total Assessment | $6,950,912 (2024) |
Land Assessment | $5,836,644 (2024) | Annual Taxes | $85,000 ($4.83/SF) |
Improvements Assessment | $1,114,268 (2024) | Tax Year | 2025 |