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270 Waiehu Beach Road - Waiehu Beach Center, Wailuku, HI

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270 Waiehu Beach Road - Waiehu Beach Center

Wailuku, HI 96793-1472 - Central Maui Submarket

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:1983
Building Size:26,510 SF Land Area:1.46 AC (63,598 SF)
For Sale Price:$5,250,000 Price/SF:$198.04
Cap Rate:5.70 %

Three Lots. L shape one story and two story building . It looks like a contiguous Building over two lots with one being on a busy street front. The third lot is used for extra parking.

Sale Notes:
Waiehu Beach Center is comprised of ~21,772 SF of ground floor retail / service office space and ~4,738 SF of second floor office space with abundant parking for customers and tenants.
Anchor Tenants include State of Hawaii Department of
Accounting and General Services, Ray' s Deli & Lounge, and Watercress Sports Bar & Grill.
The offering also includes 621 Eluene Place, a 15,000 SF parking lot providing additional parking for tenants at no additional cost.
Value Add thru lease up and / or owner-user occupancy. Seller is willing to master lease vacant space to a stabilized occupancy of 95% for up to one year for a financially qualified Buyer.
Located on Waiehu Beach Road and Eluhene Place in Wailuku, near Kahului Bay.

Sofos Realty Corporation
Steven Sofos
(808) 522-5995

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