Richard Weintraub Of Weintraub Real Estate Group Acquires Office Campus In Malibu For $12.5M
22619 Pacific Coast Highway
$12,500,000
$318/SF
Building Size
39,286 SF
Asset Type
Office
Closing
Mar 4, 2026
AI
The Enclave office campus, located at 22619 Pacific Coast Highway in Malibu, was sold for $12.5 million, translating to $318 per square foot. This asset consists of 39,286 square feet, highlighting a significant decrease from its previous trade of $28 million in 2017. The property is positioned in the Los Angeles office market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,500,000
- Buyer: Richard Weintraub - Weintraub Real Estate Group
- Seller: Mark Gabbay - LaSalle Investment Management
- Lender: Vicino Limited Partnership
- Square Footage: 39,286
- Price Per Square Foot: $318
An affiliate of Weintraub Real Estate Group acquired the property, financing the deal with an $8.75 million loan from Vicino Limited Partnership, indicating ongoing adjustments in the pricing dynamics within the Los Angeles office market.
Players
Malibu Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93