Kidder Mathews has brought to market a rare portfolio of two Whole Foods-anchored properties located in Santa Barbara and Malibu. The portfolio is offered at $145 million with below-market seller financing. Tanel Harunzade and Darrell Levonian are representing the owner of both properties.
In Santa Barbara, the freestanding Whole Foods at 3761 State St. is offered at $57.5 million. The property underwent a full interior remodel in 2022, followed by an exterior renovation in 2023.
The Park at Cross Creek in Malibu’s Civic Center is a Whole Foods-anchored shopping center offered at $87.5 million. Built in 2019, the property is 100% leased to a curated mix of high-profile tenants.
“These are generational assets that combine the strength of Whole Foods with premier coastal locations,” said Harunzade. “Santa Barbara’s only Whole Foods and Malibu’s flagship store each draw from exceptional demographics, and both properties benefit from significant barriers to entry.”
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