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2181 Kalakaua Avenue - Wyland Galleries, Honolulu, HI

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2181 Kalakaua Avenue - Wyland Galleries

Honolulu, HI 96815 - Waikiki Submarket


Property Type:Hospitality Number of Rooms:0 Status:Existing Year Built:-
Stories:1 Building Size:231,980 SF Land Area:-
For Sale Price:Condo (see detail) Price/Room:For Sale Cap Rate:-

Condos:This property has 1 condo for sale. The size of the for sale condo is 11,417 SF.
Parking:10 Parking Spaces / 1,000 SF


Condos For Sale:
Floor
Suite
Unit SF
Price
Space Use
  1st
Retail Condo
11,417 SF
Not Quoted
Office
 
3217575
Marketing Flyer Marketing Flyer  


Floor
Suite
Unit SF
Price
Space Use
1st
Retail Condo
11,417 SF
Not Quoted
Office

Sale Notes:
The property consists of 11,417 square feet of prime retail space on Kalakaua Avenue, one of the most exclusive and vibrant Retail Streets in the world. The property is 100% leased to First Hawaiian Bank, which has occupied the premises for over 60 years, and is leased at $14.83 psf/mo. in an area that averages $35.00+ psf/mo. This provides an unparalleled opportunity to increase the rent to market level upon lease expiration. The site is located within Waikiki's Luxury Row which features over 111,000 square feet of high end international retailers (Chanel, Gucci, Coach, Tiffany & Co., Bottega Veneta, etc.)
Waikiki is the top Tourist destination in O'ahu, which served 5.46 million visitors in 2016, which is an increase of over 35% since 2009. The property is steps away from iconic landmarks such as the Royal Hawaiian Hotel, the International Marketplace and Waikiki Beach Walk.



Cushman & Wakefield
  
Sofos Realty Corporation

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