22333 Pacific Coast Hwy, Malibu, CA 90265

15520 SF • 1.25 Acres • $26,000,000

INVESTMENT SUMMARY

Kennedy Wilson Real Estate Sales & Marketing presents Malibu Sands ─ a high end, ±16,000 square foot (±15,520 net rentable square feet) two-story multi-tenant retail/office center in world renowned Malibu, California. Gut renovated in 2016, this fully stabilized 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.

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 6.4 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)

INVESTMENT HIGHLIGHTS

PRIME 1031 OPPORTUNITY
IRREPLACEABLE MIXED USE
AFFLUENT CONSUMER BASE
STRONG TENANCY
96.3 % OCCUPANCY

PROFORMA YEAR 1 NOI: $1,068,889

PROFORMA CAP RATE: 4.11%

FLYER

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Marty Clouser

Cal Broker DRE# 00912230

(818) 391-7491

[email protected]

Bruce Levine

Cal Broker DRE# 00789614

(310) 614-2525

[email protected]

Properties (the "Property") are offered together with improvements thereon "as is, where is" with no warranty expressed or implied. The Seller and Brokers make no representations regarding the Property offered for sale such as size and condition of improvements, lot size, boundaries, zoning, code violations, compliance with applicable ordinances, property features, rights, obligations, etc. All information and documents provided by the Seller and Brokers are from sources deemed to be reliable but are not guaranteed. A prospective purchaser must rely on its own investigation and inspections prior to purchasing. Property is offered subject to withdrawal or prior sale at any time prior to a legally binding purchase and sale agreement. The legally binding purchase and sale agreement contains the entire agreement between parties and supersedes all prior communications, whether oral or written, express or implied, between the parties. EQUAL HOUSING OPPORTUNITY

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