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2 Trophy Coastal Whole Foods Properties 2 Retail Properties Offered at $200,462,508 CAD in Multiple Locations

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INVESTMENT HIGHLIGHTS

  • Anchored by Whole Foods Market, a subsidiary of Amazon with AA-rated credit
  • Both properties offer fee simple ownership and NNN lease structures
  • Located in two of California’s most affluent coastal markets
  • Recent renovations and high parking ratios enhance long-term value

EXECUTIVE SUMMARY

This rare portfolio offering features two premier, Whole Foods-anchored assets in two of California’s most coveted coastal markets—Malibu and Santa Barbara. Both properties are 100% leased and strategically positioned to serve affluent, high-barrier-to-entry communities with exceptional visibility, access, and long-term growth potential.
The Park at Cross Creek in Malibu is a modern, open-air retail destination completed in 2019. Anchored by Whole Foods Market and surrounded by curated dining and boutique retail, the center serves as a vibrant community hub just minutes from Malibu Beach. With elegant architecture, abundant parking, and a walkable layout, it offers a best-in-class retail experience in one of the nation’s most exclusive zip codes.
The Santa Barbara Whole Foods is a single-tenant, corporate-guaranteed asset located on iconic State Street. Following a $3.5 million interior renovation in 2022 and exterior upgrades in 2023, the property boasts exceptional visibility, 178 on-site parking spaces, and serves as the only Whole Foods in Santa Barbara County. It draws from affluent enclaves like Montecito, Hope Ranch, and Goleta, with average household incomes exceeding $150,000 within a 3-mile radius.
Together, these assets offer investors a unique opportunity to acquire institutional-quality grocery-anchored real estate with Amazon-backed tenancy, irreplaceable locations, and strong demographic fundamentals.

PROPERTY FACTS

Price $200,462,508 CAD
Price / SF $2,895 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 69,234 SF
Total Land Area 7.87 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
The Park At Cross Creek
23401 Civic Center Way, Malibu, CA 90265
Retail 39,350 SF 2019 $120,968,755 CAD
Whole Foods
3761 State St, Santa Barbara, CA 93105
Retail 29,884 SF 1970 $79,493,753 CAD
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  • Listing ID: 37902449

  • Date on Market: 2025-10-01

  • Last Updated:

  • Address: 2 Trophy Coastal Whole Foods Properties, Santa Barbara, CA

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