1288 Ala Moana Blvd - Apartments CONDO FOR SALE


Honolulu, HI 96814- Ala Moana-Kakaako
$31,000,000 USD
808-521-1200
1288 Ala Moana Blvd, Honolulu, HI for Sale
$31,000,000 USD
Apartments CONDO - FOR SALE
1/9
null | 5.87% Cap Rate

1288 Ala Moana Blvd
Honolulu, HI 96814
Ala Moana-Kakaako


HIGHLIGHTS

  • UNIQUE INVESTMENT OPPORTUNITY: Acquire multiple commercial condominium units in Hawaii's most important retail corridors
  • DIVERSIFIED TENANT MIX ENSURES STABLE INCOME STREAM: The offering includes approximately 37,656 square feet of space with a reputable tenant mix
  • HIGH CREDIT QUALITY: The investment boasts a highly financeable profile, supported by tenants with strong credit ratings and solid operational history
  • STABLE RENT ROLL: The property features a stable rent roll with a strong weighted average lease term WALT at 4.47 years (11.65 years from inception)
  • GROWTH POTENTIAL: The ongoing development in Ward Village and Kaka'ako presents opportunities for future appreciation and demand for commercial space
  • HIGH DEMAND: There is a high demand for class A office in this location. Historically, this condominium portfolio has been consistently 100% occupied.

OVERVIEW

Hokua is a premier mixed-use development situated adjacent to Ward Village, a master-planned community known for its modern urban living and retail experiences. The property features contemporary architecture and is strategically positioned to benefit from the area’s ongoing growth and revitalization. Within the immediate area, Ward Village is a thriving neighborhood in Kaka'ako, renowned for its upscale dining, shopping, and cultural attractions. Hokua is also conveniently located close to Ala Moana Center, Hawaii's largest open-air shopping mall with a diverse tenant mix. The proximity to Waikiki (approximately 2 miles) and Downtown Honolulu (approximately 1.5 miles) enhances the appeal of this location, drawing both local and tourist foot traffic. The area is characterized by a blend of residential, commercial, and recreational spaces, making it a desirable destination for businesses and consumers alike.

FOR SALE DETAILS

PRICE

$31,000,000 USD

PRICE/SF

$877 USD /SF

CAP RATE

5.87%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hokua

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

671,264 SF

STORIES

44

BUILDING CLASS

A

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

600

LAND DETAILS

LAND ACRES

3.56 AC

LAND SF

155,074 SF

ZONING

HCDA

APN/PARCEL ID

1-2-3-005-001-0016,1-2-3-005-001-0030,1-2-3-005-001-0056,1-2-3-005-001-0071,1-2-3-005-001-0073,1-2-3-005-001-0106,1-2-3-005-001-0112,1-2-3-005-001-0124,1-2-3-005-001-0129,1-2-3-005-001-0130,1-2-3-005-001-0162,1-2-3-005-001-0177,1-2-3-005-001-0179,1-2-3-005-001-0188,1-2-3-005-001-0196,1-2-3-005-001-0199,1-2-3-005-001-0240,1-2-3-005-001-0252

ASK ABOUT THIS PROPERTY

Matthew BittickCBRE, Inc.More Info
808-521-1200

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Matthew BittickCBRE, Inc.More Info
808-521-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.