Updated Oct 29, 2024
Dartbu LLC Acquires Mixed-Use Property In Malibu For $3M
22227 Pacific Coast Highway, Malibu, CA, USA
$3,000,000
$537/SF
Building Size
5,582 SF
Asset Type
Mixed-use
Closing
Aug 8, 2019
About this deal
AI
A mixed-use property located at 22221-22227 Pacific Coast Highway in Malibu has been sold for a price of $3,000,000. The property spans 5,582 square feet, resulting in a price per square foot of $537.44. The transaction took place on August 9, 2019.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,000,000
- Address: 22221-22227 Pacific Coast Highway, Malibu
- Market: Malibu
- Size: 5,582 square feet
- Price per Square Foot: $537.44
The buyer of the property is Dartbu LLC, while the seller is The Colleen C. Kittrelle Family Trust. The deal was represented by T.C. Macker and Jennifer Moscoso from Westlacre and Westmac CBC, respectively.
Players
Malibu Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93