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Beverly Hills Group Acquires Malibu Office for $569 PSF

Santa Monica Investor Sells 31,700-SF, Fully Leased Property for $17.5M
By Melissa Sicola
June 22, 2007 | 8:00 P.M.

A Beverly Hills based partnership, Malibu Vista Partners GP, sold the Malibu Vista Plaza at 22751-22761 Pacific Coast Highway in Malibu, to ASK Associates LLC, out of Santa Monica, for $17.5 million, or approximately $569 per square foot. A 6% cap rate was reported.

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News | Beverly Hills Group Acquires Malibu Office for $569 PSF