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315 - 325 Uluniu Street - Kailua Square - Kailua Square, Kailua, HI

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DetailMap
315 - 325 Uluniu Street - Kailua Square - Kailua Square

Kailua, HI 96734-2523 - Windward Submarket

(2.6 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:1961
Stories:2 Typical Floor:- Building Size:15,388 SF
% Leased:
For Sale Price:$2,100,000 Price/SF:$136.47
Cap Rate:12.40 %
Smallest Space:600 SF Largest Space:818 SF Total Space Avail:1,418 SF Rent/SF/Yr:
$22.80
Parking:50 Surface spaces are available; Ratio of 3.24/1,000 SF Amenities:Bus Line, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
600 SF
$22.80/SF/Yr
Vacant
Thru Jul 2023
Office/Retail
 2nd
818 SF
$22.80/SF/Yr
Vacant
Negotiable
Office
 
11618309
11618252
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
600 SF
$22.80/SF/Yr
Vacant
Thru Jul 2023
Office/Retail
2nd
818 SF
$22.80/SF/Yr
Vacant
Negotiable
Office
This second floor walkup office space is ideal for a variety of medical, professional and business uses.

Other property tenants include Cinnamon's restaurant, a gourmet chocolate company, pilates studio, and a lomilomi massage studio.

The property features convenient parking in the adjoining municipal parking lot and street parking around the property.

The monthly maintenance fee for the property is currently estimated at $1.54 psf per month (includes CAM, Real Property Tax, common building insurance, AC maintenance, and ground lease rent pass through). Electricity is separately metered.

Kailua is located on the Windward side of Oahu, and is a popular neighborhood for locals and visitors to shop and dine in.


Sale Notes:
Price Reduced! Estimated 17.8% cap rate based on current tenant rental income. Longer ground lease term may be possible with the fee owner for a qualified Buyer.

This 2-story retail / office commercial property presents a rarely available, leasehold investment opportunity in Kailua.

Kailua Square is anchored by the popular Cinnamon's restaurant, and is 100% occupied with many longtime property tenants.

The property consists of an approximately 22,316 SF building situated on 12,926 SF (.297 acres) of land area. Ample parking is located in the adjoining municipal parking lot and via street parking in the area. Kailua Square is zoned BMX-3.

The property has known ground lease rents until the property ground lease expires in August 2032, and the current ground lease rent period is fixed until August 2022.

Kailua is located on the Windward side of Oahu. It is an established commercial and residential area that attracts both local and visitor traffic. Marine Corps Base Hawaii is also located near the Kailua neighborhood.


Kauwe & Associates
Blaine Kauwe
(808) 216-9059


Kauwe & Associates
  
Strategent, Inc.


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