COASTAL INVESTMENT OPPORTUNITY
FOR SALE ON THE WAIANAE COAST
PRESENTED BY
EXECUTIVE SUMMARY
Kaiser Permanente has engaged Commercial Asset Advisors to identify a qualified buyer for its former regional health clinic located in Nanakuli on the Waianae Coast.
THE OFFERING
The Property is a ±1.44 acre site, or approximately 62,878 square feet, with approximately 15,210 square feet of improvements located at 87-2116 Farrington Highway, Waianae, Hawaii 96792.
Built in 1997 by Kaiser Permanente for its clinical use, the property has been well maintained as an owner user property since its inception. This property would be a great owner-user or investment opportunity with a prime, highly visible location fronting Farrington Highway.
For more information please contact:
SEAN TADAKI (PB) CCIM
Managing Partner ∙ RB 21112
M. 808-779-9699
E. stadaki@caahawaii.com
THE WAIANAE COAST
Nanakuli, located on the Waianae Coast, where beauty meets opportunity in a harmonious blend of natural splendor and economic potential. Nestled along the picturesque western coast of Oahu, Nanakuli offers a unique fusion of pristine beaches, rugged mountain landscapes, and a vibrant community spirit.
Over the past decade, the Waianae Coast has transformed and become a retail and economic hub of its own. From boutique shops to bustling eateries, the Waianae coast presents an array of opportunities to cultivate your business aspirations.
PROPERTY SUMMARY
ASKING PRICE $5,300,000
ADDRESS 87-2116 Farrington Hwy, Waianae, HI 96792
TYPE Freestanding 1-story MOB
TAX MAP KEY 1-8-7-11-1
TENURE Fee Simple
BUILDING SIZE 15,210 SF
LAND AREA 62,878 SF
YEAR BUILT 1997
ZONING B-2
PARKING RATIO 6.25/1,000 SF
*Special consideration will be given to the bidder that can provide Kaiser Permanente with part-time parking rights for their Mobile Health vehicle after the sale, in order to continue to serve this community
PROPERTY HIGHLIGHTS
• Zoning: B-2 (neighborhood business)
• 92 surface parking stalls
• Photovoltaic Pannels – generate a peak kilowatt rating of 129.6 and a first year production capacity estimated at 203,086 kilowatts per year (kWh/yr). The 438 panel system was constructed on canopies above the parking lot on the Farrington Highway frontage. The license agreement allows Kaiser Foundation Health Plan to purchase power at a discounted rate. KWH
• Located at a signaled intersection
• Nestled between two new retail developments
87-2116 FARRINGTON HWY WAIANAE, HAWAII
FARRINGTON HIGHWAY
KP Mission: Kaiser Permanente exists to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve.
Kaiser Permanente was founded in Hawaii in 1958 and is an essential part of the healthcare and community fabric of the islands. Kaiser Permanente actively collaborates with community-based organizations across Hawaii to address social determinants of health and improve conditions for healthy living.
Community Purpose: Kaiser Permanente welcomes all bids for the Property. Consideration may be given to the community purpose that the bidder proposes for the Property in alignment with Kaiser Permanente’s 2022 Honolulu Community Health Needs Assessment.
