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1045 Kilauea Avenue, Hilo, HI

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1045 Kilauea Avenue

Hilo, HI 96720 - Hilo/East Big Island Submarket

Property Type:Land Parcel Size:.69 Acres
For Sale Price:$1,900,000 Price/Acre:$2,758,821 Price/SF:$63.33

Proposed Use:Commercial, Retail, Office

On-Site Improv:Previously developed lot

Sale Notes:
PRICE REDUCED!!! 30,000 square feet of land, zoned CG - 7.5 General Commercial, which is currently leased until 2/28/2021. Current rent is $9,332.00 per month until 2/28/2013. There are two remaining 4 year rent renegotiations (3/1/2013 - 2/28/2017 and 3/1/2017 - 2/28/2021. Renegotation is based on 10% of FMV of land only, no lower than previous rent. There is a 10,900 square foot office/retail building with 26 open parking stalls on the property. The improvements revert to the land owner upon expiration of the lease. 2008 office rent depicts monthly rent of $1.75 per square foot before CAM.
The property is located on one of the busiest streets in Hilo, centrally located in a prime commercial and residential area close to the airport.

Pacific Property Group, Inc.
Miles T Kamimura
(808) 592-0200 x200

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