Updated Oct 28, 2024
Clarkson Law Acquires Office On Pacific Coast Highway In Malibu For $8M
22525 Pacific Coast Highway, Malibu, CA, USA
$8,000,000
$1,566/SF
Building Size
5,108 SF
Asset Type
Office
Closing
Jun 10, 2021
About this deal
AI
An office property located at 22525-22535 Pacific Coast Highway in Malibu has been sold for $8,000,000. The property spans 5,108 square feet, resulting in a price per square foot of $1,566.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 22525-22535 Pacific Coast Highway, Malibu
- Market: Malibu
The buyer, Clarkson Law Firm, represented by Jake Zacuto, Andrew Sinasohn, and Doug Fillmore, acquired the property. The seller was represented by Travis Landrum and Andrew Jennison. Ray Rowshankhah from City National Bank acted as the loan broker in the transaction.
Players
Malibu Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93