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

Property Image
SOLD
$8,000,000
Doug Fillmore
Jake Zacuto
+ 2

California

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Office5,108 SF
Sold 06/11/2021
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Property Image
SOLD

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

22525 Pacific Coast Highway, Malibu, CA, USA

See Similar Deals
Office5,108 SF
Sold 06/11/2021
Doug Fillmore
Jake Zacuto
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,566
Total Square Footage:5,108 SF
Transaction Type:Sale

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
2 deals$59.8M volume(310) 395-5151
BROKER

Jake Zacuto
Zacuto Group
59 deals$368.6M volume(310) 469-9012
BROKER

Andrew Sinasohn
Zacuto Group
16 deals$62.1M volume
BROKER

Doug Fillmore
6 deals$28.9M volume
BROKER

Travis Landrum
5 deals$26.9M volume
BROKER

Details

SOLD
IMAGE: Jake Zacuto, Andrew Sinasohn, Doug Fillmore & Ray Rowshankhah DATE: 06/11/2021 ADDRESS: 22525-22535 Pacific Coast Highway MARKET: Malibu ASSET TYPE: Office BUYER: Clarkson Law @ClarksonLawFirm BUYER’S REP: Jake Zacuto @ZacutoGroup, Andrew Sinasohn @AndrewSinasohn & Doug Fillmore @DougFillmore_ SELLER REP: Travis Landrum @Travlandrum, Andrew Jennison @jennisonsocal LOAN BROKER: Ray Rowshankhah @Ramin.Rowshankhah - City National Bank SALE PRICE: $8,000,000 SF: 5,108 ~ PPSF: $1,566

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$426,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98