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Two Office Buildings Trade in Malibu Professional Park

Nonprofit Affiliate of Pepperdine University Pays $17.5 Million
The Malibu Professional Park building at 23805 Stuart Ranch Road in Malibu, Calif., sold for an allocated $10.43 million.  (CoStar)
The Malibu Professional Park building at 23805 Stuart Ranch Road in Malibu, Calif., sold for an allocated $10.43 million. (CoStar)
By Alondra Cervantes
May 13, 2020 | 2:25 P.M.

Wave Enterprises, a 501(c)(3) charitable organization supporting Pepperdine University, acquired two office buildings in the Malibu Professional Park for $17.5 million, or approximately $442 per square foot, from Miramar Property Investment Company.

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