PROPERTY DESCRIPTION
Looking for a prime commercial real estate investment? Look no further than this fantastic opportunity in Kakaako's Urban Core! This free-standing warehouse boasts high cube clear span storage with two grade level roll-up doors, insulated ceilings, and heavy electrical power. It features an attached two-story office space that's perfect for a showroom, with multiple access points and double-wide entry doors on the ground floor. Upstairs, you'll find a range of amenities, including multiple restrooms, a break room, private offices, and an open bullpen. The building is ideally positioned and provides plenty of parking. A solid credit tenant with strong local roots has secured
the building with a long-term lease and generates excellent income. The seller has even secured sewer credits for 150 residential units if one was interested in pursuing a residential development.
This property is conveniently located in Kakaako's Urban Core, within walking distance to a range of exciting attractions, including the Artist's Lofts, Pacifica Condominium, Kamake'e Vista, Whole Foods Market & Ae'o Condominium, Ward Entertainment Center, and McKinley High School. Don't let this opportunity pass you by!
PROPERTY DETAILS
ADDRESS 1045 Waimanu St. Honolulu, HI 96814
ZONING HCDA
TMK 1-2-3-3-38
ASKING PRICE $9,000,000
LAND AREA 20,350 square feet
BUILDING AREA 16,480 square feet
LEASE SUMMARY
Jan. 1, 2023 to Dec. 31, 2027
2 – 5 year options to renew
Year 1 NOI: $295,577.40
Year 2 NOI: $302,969.40
Year 3 NOI: $310,543.68
Year 4 NOI: $318,307.20
Year 5 NOI: $326,264.88
