1781 Wili Pa Street

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FOR SALE | FREESTANDING BUILDING IN WAILUKU 1 7 8 1

W I L I

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L O O P

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WAI L U K U , IN DU ST RIAL GROU P HAWAII

H A WAII

96793

91-209 KUHEL A STR EE T

P R O P E R T Y

D E S C R I P T I O N

Excellent investment opportunity consisting of single tenant net lease to

Both warehouses include private restrooms, roll-up door and personal

credit tenant. Tenant occupies the entire building with lease extending

door and fully paved concrete parking lot.

through December 31, 2032. This tenant is credit with long-standing

The building is located in Millyard Industrial Park in Wailuku, Maui. Kahului

operations in Hawaii and has been a staple in the community for many

Airport is a short 5.7 miles and 15 minute drive and Kahului Harbor is a

years.

short 2.1 miles and 7 minute drive. Nearby attractions include Sam Sato’s

The building consists of a three spaces; 2 warehouse bays and 1 corporate

Restaurant, Tamura’s Market and Tasty Crust Restaurant to name a few.

office. The corporate office consists of multiple window-lined offices,

Don’t miss out on this excellent investment opportunity with long term

conference room, multiple restrooms and second floor office and storage.

steady cash flow.

I N D U ST R I A L G R O U P H AWA I I

1 7 8 1 WI LI

PA

L OOP

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WA I L UK U, H AWA I I

9 6 7 9 3

P R O P E R T Y

D E T A I L S

ASKING PRICE:

$1,350,000

TMK

2-3-4-20-30

ZONING

M-1 (LIGHT INDUSTRIAL)

LAND AREA

11,945 SF

BLDG AREA

5,800 SF

L E A S E

I N F O R M A T I O N

TENANT

Alert Holdings Group, Inc.

TERM

Thru December 31, 2032

NOI

$70,296.00

CAP RATE

5.21%

INCREASES

2% annually

OPTIONS

2 – 5-yr options at Mkt Rate

NET LEASE

Zero landlord responsibilities

1 7 81 W IL I

PA

L O O P

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WA IL UK U, H AWA II

96793

MILL STREET

1 7 8 1 W I L I PA L O O P T A ST Y CR UST

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WILI PA LOO P SA M SA T O S

PACIFIC AUT O

I NDUST R I AL G R OUP H AWAI I

JAY K. ELICKER (B) CCIM, SIOR

Senior Vice President ∙ RB 21204

808-218-8318 · jelicker@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.