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22525 Pacific Coast Highway...

Clarkson Law Acquires Office On Pacific Coast Highway In Malibu For $8M
SOLDOffice

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

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

Andrew Jennison

Industry Partners

Broker

$59.8M

vol

2 deals

Broker

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