Kanan Crossing | 28955 Pacific Coast Hwy
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Kanan Crossing 28955 Pacific Coast Hwy
17,614 SF 9% Leased Retail Building Malibu, CA 90265 $8,988,888 ($510/SF) 6.67% 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
Great property on a busy intersection with 45000 cars per day. Building has been redesigned and can make a great NNN investment and also suitable for an owner user. 42 parking spots in the back lot provide ample parking. Call Ben today for a private showing 818 495 5215 Perfect for owner user!
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
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $925,119 |
| Annual Per SF | $52.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $138,768 |
| Annual Per SF | $7.88 |
| Effective Gross Income | |
|---|---|
| Annual | $786,351 |
| Annual Per SF | $44.64 |
| Taxes | |
|---|---|
| Annual | $85,000 |
| Annual Per SF | $4.83 |
| Operating Expenses | |
|---|---|
| Annual | $91,547 |
| Annual Per SF | $5.20 |
| Total Expenses | |
|---|---|
| Annual | $176,547 |
| Annual Per SF | $10.02 |
| Net Operating Income | |
|---|---|
| Annual | $609,804 |
| Annual Per SF | $34.62 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
17,614 SF
Building Class
B
Year Built/Renovated
1987/2019
Price
$8,988,888
Price Per SF
$510
Cap Rate
6.67%
NOI
$599,167
Percent Leased
9%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.94
Lot Size
0.43 AC
Zoning
LCC1-2 - Wellness, Professional office, Medical
Parking
42 Spaces (2.38 Spaces per 1,000 SF Leased)
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.
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 |
| 140 | 2,300 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 |
140
| Size |
| 2,300 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
210-310
| Size |
| 3,200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
110
| Size | 1,000 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Rent of $1/SF NNN built in.
120
| Size | 800 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Rent of $1/SF NNN built in.
140
| Size | 2,300 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Rent of $1/SF NNN built in.
210-310
| Size | 3,200 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Rent of $1/SF NNN built in.
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 |
PROPERTY TAXES
Parcel Number
4467-035-067
Land Assessment
$5,836,644 (2024)
Improvements Assessment
$1,114,268 (2024)
Total Assessment
$6,950,912 (2024)
Annual Taxes
$85,000 ($4.83/SF)
Tax Year
2025
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Kanan Crossing | 28955 Pacific Coast Hwy
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