69 Railroad Ave Industrial FOR SALE


Hilo, HI
$5,000,000 USD
808-292-4599
, Hilo, HI for Sale
$5,000,000 USD
Industrial - FOR SALE
1/5
null | 9.75% Cap Rate

69 Railroad Ave
Hilo, HI


HIGHLIGHTS

  • Stable Case Flow: Diversity amongst the 12 tenants adds stability and risk mitigation
  • Rent Growth: Project rents are 20% lower than current market rents allowing for immediate rent growth on renewals
  • Strategic Location: Situated in the heart of Hilo’s industrial market, minutes from Hilo International Airport and the Port of Hilo
  • Finance Options Available: With 22-years of known rent term, financing options are available for investors
  • Favorable Landlord Market Conditions: Hilo’s industrial market boasts a 0.67% vacancy, providing limited options for tenants in the market

OVERVIEW

Colliers is pleased to present to qualified investors an opportunity to purchase a multi-tenant industrial asset located in the Hilo submarket on the island of Hawaii. The assets includes well established tenants in the community providing stability for investors. The asset is strategically located on Railroad Avenue which is one of the main arterial roads through Hilo’s industrial district. Additionally, the property is situated just minutes from the Hilo International Airport and the Port of Hilo. This is an excellent opportunity to own a multi-tenant industrial investment opportunity that is 100% occupied with a stable cashflow in an extremely tight sub-1% vacancy market.

ASK ABOUT THIS PROPERTY

Alika CosnerColliersMore Info
808-292-4599

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Alika CosnerColliersMore Info
808-292-4599

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