41-1537 Kalanianaloe Hwy - Retail FOR SALE


Waimanalo, HI 96795
$10,500,000 USD
808-203-6971
41-1537 Kalanianaloe Hwy, Waimanalo, HI for Sale
$10,500,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

41-1537 Kalanianaloe Hwy
Waimanalo, HI 96795


OVERVIEW

The Waimanalo Town Center is a rare opportunity to acquire the only multi-tenant retail center in the heart of one of O’ahu’s most authentic and scenic coastal communities. This center is a neighborhood commercial hub located along Kalaniana?ole Highway and framed between the Ko’olau Mountains and O’ahu’s longest stretch of white-sand beach. Waimanalo Town Center is a local gathering place currently offering small retail, service and dining options. It serves residents, tourists and pass-through traffic traveling between Kailua and Hawaii Kai. Sale includes both TMK 1-4-1-9: 275 & 278 (~2.2 acres). The property is currently under a Master Ground Lease that will expire on 12/14/2026. The center has approximately 36,000 square feet of rentable area (~65% occupied) including ~6,300 sq. ft. of second floor offices and ~95 parking stalls. This is a perfect opportunity for the value-add investor to create a gem within a supply-constrained and culturally rich community.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

109

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

B-1

APN/PARCEL ID

1-4-1-009-275-0000,1-4-1-009-278

ASK ABOUT THIS PROPERTY

Kevin NishikawaMarcus & Associates, Inc.More Info
808-203-6971

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Kevin NishikawaMarcus & Associates, Inc.More Info
808-203-6971

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