28955 PACIFIC COAST HWY
PRICE
BUILDING SIZE
MALIBU CA 90265
Request for Offers
15,991 SF
LOT SIZE
18,682 SF
PARKING
PARKING RATIO
YEAR BUILT
42 Spaces
2.63 / 1,000 SF
1987 / 2019
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 28955 Pacific Coast Highway (the “Property”), a 15,991-square-foot, three-story retail and office asset positioned on a signalized hard corner along Pacific Coast Highway in Malibu, California. Built in 1987, comprehensively renovated in 2019, and improved by an additional $300,000 to $400,000 in capital since 2021, the Property occupies an 18,682-square-foot parcel at the intersection of Pacific Coast Highway and Kanan Dume Road, one of the most heavily trafficked and strategically significant crossroads on the entire Malibu coastline, with combined traffic counts exceeding 29,795 vehicles per day.
The Property occupies the Southwest signalized intersection of Pacific Coast Highway and Kanan Dume Road, with frontage, visibility, and access along one of California’s most recognized coastal arterials. Combined traffic counts exceed 29,795 vehicles per day, and the signal itself drives stopped-vehicle exposure that unsignalized locations cannot match. Signalized hard assets on the Malibu coastline are effectively a fixed supply.
Malibu is the most supply-constrained commercial market in coastal Southern California. The City maintains a deliberately restrictive entitlement environment, the coastline’ geography limits where commercial development can physically occur, and new construction has been minimal for a generation. The result is a finite inventory of well-located commercial assets and durable barriers to entry that protect long-term value
Coastal Malibu is one of the most affluent and established trade areas in California, with average household incomes exceeding $203,000 within one mile and a permanent customer base built around lifestyle, wellness, hospitality, and luxury retail. Malibu Country Mart, Soho House, Nobu, Kith, Whole Foods, and Pepperdine set the standard for tenancy, rent, and customer base on this corridor.