The Enclave, Malibu
- Address: 22619 Pacific Coast Highway, Malibu, CA
- Building Area: 32,416SF
- Land Area: 62,762 SF
- Occupancy: 100%
- Year Built: 2000
- Sales prise – $21,500,000
- Prise/SF – $663,25
- Cap Rate – 4.64%
The property was fully leased to Jakks Pacific, Inc and the partnership desired to dissolve due to the death of one of the main partners. The sellers interviewed 3 national brokerage firms for the assign SvN was selectcd because of their approach to marketing and employing the entire brokerage community.
The buyer was found through The Pacific Bridge Team’s email marketing campaign. Many offers were obtained and a best and final bid process was utilized. The buyer was sold on the property s prime location and future appreciation potential
Understanding the unique location and architectural design let us create a marketing package that told the story and had the ability to communicate the “Wow” factor. Marketing the asset became the primary source of buyer prospects. From online advertisements to Wall Street Journal advertisements no prospect was missed International marketing was a key part of this strategy.