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2 N Hotel Street - Real Office Centers, Honolulu, HI

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2 N Hotel Street - Real Office Centers

Honolulu, HI 96817-5102 - CBD Submarket

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing , Renov 1955 Year Built:1902
Building Size:13,483 SF Land Area:.19 AC (8,276 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Features:Bus Line, Signage, Signalized Intersection

ROC Chinatown is the most unique mixed-use retail project in the emerging New Chinatown submarket. Located on the corner of N Hotel St and Nu' uanu Ave, ROC has the look and feel of a classic Chinatown building that is undergoing a facelift with beautiful new wood trim and modernized doors and windows. The second floor collaborative work center houses perimeter offices with several conference rooms and open loft space to promote creative production. The ground floor brings together five retail/restaurant spaces fronting either N Hotel St or Nu' uanu Ave, and the back end of each space opens into the outdoor courtyard and mezzanine lanai where every business will have shared access for its patrons.

Sale Notes:
In a span of 12 months The ROC Building has shocked both the retail and office markets in the Downtown/Chinatown district by tapping into unknown demand. While office demand in the Honolulu CBD market has been slow, ROC' s office operation has managed to achieve 100% occupancy at premium rent rates. ROC' s unique take on executive office suites has shown great success compared with conventional office buildings.

The ROC ground floor retail spaces have attracted both established veterans and promising new restaurant tenants, also at premium rent rates with stable long term leases. Current tenants have proven that this location is not only sustainable, but also provides an advantageous environment for developing a successful new business. The ground floor restaurants that have opened for business in 2016 have exceeded expectations with high customer traffic throughout all hours of operation.

Chinatown is an emerging market that has yet to hit it' s peak. The ROC Building has had a huge impact on both improving the neighborhood and promoting small business growth through its community oriented approach. This business model has been envied by many although few have the experience and resources that the ROC team has developed throughout the progression of this project.

Hawaii Commercial Real Estate
Eric Aakhus
(808) 675-6302

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