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2114 Lauwiliwili Street - Kapolei Spectrum Business Park I - Bldg B, Kapolei, HI

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2114 Lauwiliwili Street - Kapolei Spectrum Business Park I - Bldg B

Kapolei, HI 96707 - West Oahu Submarket

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:2006
Building Size:9,922 SF Land Area:.57 AC (24,820 SF)
Ceiling Height:18'0'' Loading Docks:No Rail:- Power: 3p
For Sale Price:$3,295,000 Price/SF:$332.09
Cap Rate:-
Zoning:I-2 Sprinklers:- Drive Ins:3 tot./10'0''w x 12'0''h Cranes:-
Parking:20 Surface spaces are available; Ratio of 2.11/1,000 SF Amenities:Signage

Kapolei Spectrum Business Park is a commercial/industrial business park located in the newly developed Kapolei Business Park on the west side of Oahu. With construction completed in the 1st quarter of 2007, the Park is already 55% sold and 22% leased.

Kapolei Spectrum Business Park is designed to fill the void for industrial space on Oahu due to current low vacancy rates and the lack of fee simple industrial land available for development. With the explosive growth of the Kapolei area, the project will meet the growing space demand from small to mid-size businesses and provide them the opportunity to get into an ownership position, or a space lease direct with the developer, Low Archibald Real Estate Group.

The Park represents the most contemporary industrial product to exist in Hawaii’s industrial market to-date. The project is a 100,501 square foot industrial park comprised of ten, one-story concrete, steel and glass structures. Divisible into 39 individual condominium apartments ranging in size from 1,299 square feet to 16,216 square feet, the project is a worthwhile investment for owner-users or private investors, as well as an opportunity for tenants to lease a brand new building. The Park includes wide roadways and extensive perimeter landscaping. There will also be access to sewer and underground utility and conduit systems and generous on-site parking.

Unique to Kapolei Spectrum Business Park is the ability of a small business to acquire either a single unit or a small building that will meet its specific space requirements. The project is designed in a multi-building format which allows a mid-size business to acquire an entire building, thus preserving a separate identify with no common walls to adjoining owners.

For smaller businesses, the opportunity to lease or own in fee simple has not been available in the Kapolei region without having to acquire a much larger parcel than actually needed. Smaller units permit small business owners to preserve precious capital for operations and growth. Never before within the Kapolei region has there been a fee simple project designed that offered high quality concrete construction, combined with such economic utility. That is, until Kapolei Spectrum Business Park.

Sale Notes:
Building Area: 9,922 sf
Tenure: Fee Simple
Zoning: I-2 Industrial
Asking Price: $3.295 Mil
Cap Rate: 5% [potential]

- 20 parking stalls
- High cube 18' ceiling height, tilt up concrete construction, 3 phase electrical
- Common dock located directly behind building, grade level roll-up & man doors
- Sprinkler system - insulated ceilings
- Excellent street frontage with storefront windows - easy access to major thoroughfares
- Fully tenanted: Sherwin Williams, Island Hot Yoga & Luxus Interational
- One of the most desirable buildings in kapolei

Newmark Grubb CBI, Inc.
Rod Sugai
(808) 441-0516

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