Free Standing Investment in Kakaako

FOR SALE | FREE STANDING INVESTMENT IN KAKAAKO 1045

WA I M AN U

S T R E E T

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H O N O L U L U , I NDU S TRI A L GROU P HAWA I I

H A W A I I

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9 1 - 209 KUHELA STRE E T

P R O P E R T Y

D E S C R I P T I O N

Looking for a prime commercial real estate investment? Look no further than

the building with a long-term lease and generates excellent income. The

this fantastic opportunity in Kakaako's Urban Core! This free-standing

seller has even secured sewer credits for 150 residential units if one was

warehouse boasts high cube clear span storage with two grade level roll-up

interested in pursuing a residential development.

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 I N DU S T R I A L G ROU P H AWA I I

1 0 4 5 WAI M AN U

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H ON OL U L U, H I

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!

9 6 8 1 4

P R O P E R T Y

D E T A I L S

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

WA RD AV EN UE

104 5 WA IM A N U S TR EET

ALA MO ANA SH O P P I NG C E NTE R

PATAGONIA

QUEEN STREET

WHOLE FOODS

ALA MO ANA B E AC H P ARK

WARD VILLAGE

SALT AT OUR KAKA‘AKO

IN DUS T R IA L GROUP HAWA II

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JAY K. ELICKER (B) CCIM, SIOR Senior Vice President ∙ RB 21204 808-218-8318 · jelicker@caahawaii.com

SEAN DO (S) CCIM Vice President ∙ RS 75040

808-387-6903 · sdo@caahawaii.com

KEVIN KO (S) Associate ∙ RS 82504

808-971-1986 · kko@caahawaii.com

©2020-2021 Commercial Asset Advisors. All information contained herein is obtained from sources deemed reliable. However, no representations or guarantees are made as to the accuracy thereof, and it is provided herein subject to errors, omissions, changes and withdrawals without notice. Offeror and/or his agent should confirm this information prior to making any offer. Buyer agrees that all negotiation shall be conducted through CAA only. No subagency is offered or intended.