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197 - 231 Sand Island Access Road - Marina Business Center, Honolulu, HI

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DetailMap
197 - 231 Sand Island Access Road - Marina Business Center

Honolulu, HI 96819-4997 - Honolulu Submarket

(354.7 KB)

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1960
Building Size:59,482 SF Land Area:6.38 AC (277,826 SF)
Ceiling Height:- Loading Docks:No Rail:- Power:-
Smallest Space:380 SF Largest Space:3,290 SF Total Space Avail:3,670 SF Rent/SF/Yr:
$16.20
Zoning:I-2 Sprinklers:- Drive Ins:2 tot./9'0''w x 12'0''h Cranes:-
Parking:Free Surface spaces are available Amenities:Bus Line, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
3,290 SF
$16.20/SF/Yr
Vacant
Negotiable
Office
 2nd
380 SF
$16.20/SF/Yr
30 Days
Negotiable
Office
 
9223201
9390177
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
3,290 SF
$16.20/SF/Yr
Vacant
Negotiable
Office
2nd
380 SF
$16.20/SF/Yr
30 Days
Negotiable
Office
The Property consists of three centers: the Marina Business Center, Marina Business Center North and Puuhale Commercial Center. The Property is currently improved with six warehouse/office structures containing approximately 146,900 square feet of warehouse space, 12,900 square feet of retail space and 40,700 square feet of office space or a total building area of approximately 200,687 square feet. A two-story parking structure containing 126 parking stalls extends the length of the Property from Sand Island Access Road to Puuhale Road. An additional paved and fenced yard area containing approximately 2,822 square feet is situated along Puuhale Road. The master lease expires in 2029 with known rents through 2017. This is a leasehold property for sale. 12.6% CAP rate.

Ground Lease Rents: 24 years remaining
$1,244,439 per annum thru 12/31/2007*
$1,360,201 per annum thru 12/31/2012*
$1,504,903 per annum thru 12/31/2017*
Fair market value thru 12/31/1029

* Includes general excise tax



CBRE
Danka Fabiankovicova
(808) 541-5118



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