CBRE has been retained by the Owner as the exclusive marketing advisor for the sale of 505 Avocado Street (the “Property”), located in the heart of Wahiawa on the main thoroughfare through Central Oahu. This unique offering represents the opportunity to acquire an approximate 1,850 square foot building situated on approximately 5,500 square feet of fee simple land situated on a single parcel with two tenants in place, strong visibility, and ample on-site parking. The Property is located on the corner of Avocado Street and Kamehameha Highway and is the first building when entering Wahiawa when traveling from the Honolulu side, one of Oahu’s most mature and populated residential markets, and a key corridor serving both local residents and nearby military communities.
The site is conveniently located near various educational facilities, medical facilities, grocery centers, national drug stores and various military installations. Schofield Barracks, the second largest military outpost in Hawaii is home to over 17,000 personnel and also supported by Wheeler Army Base and Helemano Military Reserve both supporting approximately 4,000 and 500 personnel, respectively. The Property is situated on a public bus line and is within ½ mile to the H-1 freeway and maintains B-2 zoning designation which offers a wide array of alternative commercial uses. The Purchaser of the Property has many acquisition strategies available to deploy including while benefitting from income generated by the existing tenants.
FOR SALE: $1,700,000 (7.1% Cap Rate)