Search Results for 

201 Merchant Street - City Financial Tower, Honolulu, HI

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
DetailMap
201 Merchant Street - City Financial Tower

Honolulu, HI 96813 - CBD Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1989
Stories:24 Typical Floor:8,474 SF Building Size:203,369 SF
Smallest Space:1,120 SF Largest Space:21,922 SF Total Space Avail:48,161 SF Rent/SF/Yr:
$16.80
Parking:Free Covered spaces are available; Ratio of 1.81/1,000 SF Amenities:Banking, Bus Line, Food Court, On Site Management, Signage, Energy Star Labeled


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 9th
1,217 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
 9th
1,120 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
 9th
1,608 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
 10th
10,961 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
 11th
10,961 SF
$16.80/SF/Yr
30 Days
3-10 yrs
Office
 15th
1,191 SF-10,961 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
 18th
2,039 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
 20th
9,294 SF
$16.80/SF/Yr
01/2018
Negotiable
Office
 
11994101
11994102
11994103
10862609
10964887
10157477
10157518
11618481
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
9th
1,217 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
9th
1,120 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
9th
1,608 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
10th
10,961 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
11th
10,961 SF
$16.80/SF/Yr
30 Days
3-10 yrs
Office
15th
1,191 SF-10,961 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
18th
2,039 SF
$16.80/SF/Yr
Vacant
Negotiable
Office
20th
9,294 SF
$16.80/SF/Yr
01/2018
Negotiable
Office
Property Description
The Property offered is one of two parcels under the City Financial Tower and consists of approximately 17,049 square feet of BMX-4 (Business Mixed-Use) zoned land.

The Property is located in heart of Downtown Honolulu and is the site of the 24-story, Class “A”, City Financial Tower built in 1989. The Property is located several major traffic arteries through urban Honolulu as well as thousands of Downtown businesses. The Lessee of the Property is Employees’ Retirement System of the State of Hawaii who has owned the improvements on the Property since 1989. The building is appointed with upgraded finishes and bears floor-to-ceiling perimeter windows which allow for great views of Honolulu and the Central Business District (CBD). The major tenant of the building is Hawaiian Dredging Construction Company, Inc. which occupies approximately 25,755 square feet.

Employees’ Retirement System of the State of Hawaii The Employees' Retirement System (ERS) of the State of Hawaii was established in 1926 to provide retirement allowances and other benefits to State and County government employees. The general administration of the ERS is under the direction of a Boardof Trustees with certain areas of administrative control with the Department of Budget and Finance. The ERS administers a retirement and survivor benefits program for State and county government employees; collects retirement contributions from members; provides pre-retirement counseling services; conducts disability hearings and appeals; reviews claims for retirement, disability, and death benefits and certifies these benefits for payments; processes semi-monthly pension checks to retirees and beneficiaries; accounts for and safeguards assets in the ERS investment portfolio; and invests funds to help finance this program.

Central Business District Office Market Overview
The Property is located in the CBD with convenient access to Nimitz Highway/Ala Moana Boulevard, King Street, Beretania Street, and the H-1 Freeway, all major thoroughfares through urban Honolulu. Downtown Honolulu is not only the main financial district for the Island of Oahu, but for the State of Hawaii as well. In recent years, investor interest in the area has increased due to strong economic factors and primary industry growth. The CBD consists of 7.9 million square feet of Class A, B & C office space, constituting more than 50% of the total Honolulu office space inventory. After a few years of strong growth, the Oahu office market has started to soften, although market conditions are still favorable for landlords as vacancy rates continue to be in the single-digits at 8.6% for the CBD as of third quarter 2008 and average monthly asking base rents at $1.56 per square foot.

(1) 2-1-16-11 (portion of)

This building was awarded an Energy Star label in 2009,2010,2011,2012,2014, 2015, & 2017 for its operating efficiency.

In 2014, this building was awarded LEED certification at the Gold level by the U.S. Green Building Council.







CBRE
Danka Fabiankovicova
(808) 541-5118

Frances N Okazaki
(808) 541-5111



Share this listing

Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/201-Merchant-Street/Honolulu/Hawaii/1395373" target="_blank">201 Merchant Street - City Financial Tower, Honolulu, HI - Commercial property</a>

Send Email
From:
To:
Subject:
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234