1520 Liliha St - Medical FOR SALE
Honolulu, HI 96817 |
1520 Liliha St
Honolulu, HI 96817
HIGHLIGHTS
- ONE OF ONLY EIGHT MEDICAL OFFICE BUILDINGS in Honolulu which aren’t attached to a hospital campus
- STABLE HISTORICAL OCCUPANCY | The Property had previously averaged 94% occupancy for several years, and consists of primarily long-term medical office
- VALUE-ADD OPPORTUNITY with upside through increasing rents and occupancy
- REMEASURE THE PROPERTY TO CURRENT BOMA STANDARDS and potentially increase the rentable area of the property significantly
- CONDOMINIUM CONVERSION provides a lucrative exit strategy for an investor to sell individual fee simple units to physicians
- SUBSTANTIAL DISCOUNT TO REPLACEMENT COST based on a projected replacement cost of $600 per sf for new medical office buildings in Honolulu
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Liliha Professional Building
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
40296
STORIES
8
BUILDING CLASS
B
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
194
LAND DETAILS
LAND ACRES
1.23 AC AC
LAND SF
53,579 SF
ZONING
-
APN/PARCEL ID
1-1-7-033-005-0000
