Brian Goldberg Acquires Retail Property For $3.55M In Malibu, CA
21247 Pacific Coast Highway
$3,550,000
$519/SF
Building Size
6,830 SF
Asset Type
Retail
Closing
Oct 28, 2022
AI
A retail property located at 21247 E Pacific Coast Hwy in Malibu, CA has been sold in a recent transaction. The property spans an area of 6,830 square feet and was sold for a price of $3,550,000, resulting in a price per square foot of $520.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,550,000
- Address: 21247 E Pacific Coast Hwy, Malibu, CA
- Market: Malibu, CA
- Buyer: Brian Goldberg
- Seller: Alice Fay Harris Reagan
- Seller's Representative: T.C. Macker & Jennifer Moscoso - WESTMAC Commercial Brokerage Company
- Square Footage: 6,830
- Price per Square Foot: $520
The transaction involved Brian Goldberg as the buyer and Alice Fay Harris Reagan as the seller. Representing the seller in this deal were T.C. Macker and Jennifer Moscoso from WESTMAC Commercial Brokerage Company.
Players
Laguna Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93