HONOLULU INVESTMENT OPPORTUNITY
SPACE FOR SALE
THE OFFERING
Commercial Asset Advisors, as exclusive advisor, is pleased to present the rare opportunity to acquire one or both of the only two fee simple ground floor condominiums at the world renowned Hawaiki Tower located at 88 Piikoi Street.
This highly visible commercial unit, fronting the Piikoi Street promenade, is across the street from the largest outdoor mall in the country, Ala Moana Shopping Center.
ABOUT THE TENANT
This leased fee simple investment opportunity is 30,004 square feet and has been occupied by original tenant since 1999. It is currently leased through 2035. Included with the secured unit are 83 deeded parking stalls.
The space is occupied by KHON, a top four network broadcast station owned by Nexstar, a strong publicly held company.
The long-standing tenant is a nationally owned and publicly traded communications company. The tenant, an FCC licensed broadcaster, owns and operates over 190 digital television stations, including Honolulu's #1 dual network station. The station airs local programming, including lifestyle and news programming. Details available upon request.
88 PIIKOI STREET
CPR-1 30,004 Square Feet
83 Deeded Parking Stalls
AREA + LIFESTYLE
Located in Kaka’ako, this rapidly growing urban neighborhood has a rich history that is deeply rooted in indus try, entrepreneurship and Hawaiian culture. Kaka‘ako is known for its hip vibrant murals and art coupled with an impressive food scene. Juice bars and casual eateries serving craft beer and Hawaiian farm fare fill the SALT complex, while the Kaka‘ako Farmers’ Market sells coconuts and local coffee.
• Adjacent to Ala Moana Center which features more than 350 shops, including over 160 dining options, and is located just a 20-minute drive from Honolulu International Airport and within walking distance of Waiki ki hotels.
• Across from the 76-acres at Ala Moana Beach Park, one of the most popular parks in Honolulu, is filled daily with lawn bowlers, tennis players, joggers, picnickers, fishers, model airplane flyers, model boat sailors, sunbathers, surfers, and swimmers. The long sand beach in the park is especially attractive to families with young children. Some of the south shore’s most famous surfing sites are found offshore at the edge of the reef, including Big Rights, Concessions, Courts, Big Lefts, and Baby Hale’iwa. In addition, Magic Island with its own sand beach and lagoon is also popular with swimmers and sunbathers.
