Footwear model Skechers is placing its longtime Manhattan Beach headquarters on the market just eight years after an intensive renovation remodeled the constructing into a purpose-built company residence.
The three-story constructing at 228 Manhattan Beach Boulevard, just blocks from the Pacific Ocean, is being provided through a aggressive bidding course of dealt with by business actual property agency CBRE.
Spanning roughly 28,600 sq. toes, the property could be price shut to $100 million, although no official asking value has been disclosed.
Interior view of a Skechers retail retailer that includes customized fixtures by Artitalia Group, displaying rows of footwear and shoeboxes. Artitalia Group
Originally constructed in 1982, the headquarters underwent a main refurbishment in 2018, reinforcing its position as a devoted base for the firm. It options a non-public, three-level underground parking storage with 69 areas, as properly as the potential for ground-floor retail.
Now, the constructing is to be delivered vacant to its next proprietor, a hanging flip for a property extensively upgraded less than a decade in the past to accommodate the enterprise.
A rendering exhibits Skechers company headquarters in Manhattan Beach. CBRE
A rendering exhibits the longtime company headquarters of Skechers in Manhattan Beach. CBRE
Skechers has not disclosed the causes behind the choice to promote the property, and it stays unclear whether staff will relocate to another workplace or what will occur to the firm’s attire retailer working from the web site.
The property occupies a prime place in downtown Manhattan Beach, within strolling distance of the seashore, Manhattan Beach Pier, eating places and outlets. Its location and measurement are seemingly to entice buyers searching for a foothold in one of Southern California’s most fascinating coastal markets.
CBRE vice chairman Stephen Somer said vacant workplace buildings of this scale and high quality in downtown Manhattan Beach were exceptionally uncommon, highlighting the alternative for a new proprietor to take speedy possession.
Real property web site Movoto estimates the property’s worth at roughly $92.8 million, with a projected vary of $83.5 million to $102 million.
The itemizing also comes as the South Bay workplace market navigates elevated vacancies. Regional workplace emptiness reached 23.6 per cent in the first quarter of 2026, according to a Colliers report, although common asking rents rose 3.5 per cent year-on-year.
Whether the headquarters will stay an workplace constructing or ultimately be repurposed is also unknown, with no confirmed data establishing its redevelopment rights.
Download The California Post App, comply with us on social, and subscribe to our newsletters
California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn
California Post Sports Facebook, Instagram, TikTok, YouTube, X
California Post Opinion
California Post Newsletters: Sign up here!
California Post App: Download here!
Home supply: Sign up here!
Page Six Hollywood: Sign up here!