808-524-2666
707 Richards St, Honolulu, HI for Sale
Office - FOR SALE
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707 Richards St
Honolulu, HI 96813
Downtown Honolulu


HIGHLIGHTS

  • Located in the heart of Honolulu’s CBD, 707 Richards Street offers convenient access to government, financial, legal and downtown business amenities.
  • Honolulu’s office market continues its positive momentum, with declining vacancy, tightening supply and steady tenant demand.
  • Ongoing office-to-residential and mixed-use conversions are reducing downtown office supply and strengthening the position of remaining office assets.
  • The property offers more than double the average CBD parking ratio which serves as a key competitive advantage.
  • A diversified tenant roster provides in-place income with opportunities to increase occupancy, grow rents and reposition suites over time.
  • A significant remaining ground lease term and available extension offer stability and flexibility for investors.

OVERVIEW

Located in the heart of Honolulu’s Central Business District, 707 Richards Street presents a compelling investment opportunity in Oahu’s most established urban corridor. Currently operating as a multi-tenant office property with a diversified tenant roster, the asset offers investors healthy cash flow coupled with meaningful near-term upside as downtown Honolulu’s office market continues to tighten and outpace most comparable mainland markets. Positioned within a tightening office market, and with a history of above market occupancy through 2025, the property stands to benefit from improving market fundamentals and a shrinking competitive inventory resulting from ongoing office-to-residential and mixed-use conversions throughout the urban core. In addition, the property features a best-in-market parking ratio — a significant competitive advantage in Honolulu’s CBD where convenient parking options have become increasingly scarce and highly sought after due to return to office mandates. The offering is particularly attractive to local and regional investors familiar with the unique dynamics of Honolulu’s office and leasehold markets. With substantial remaining ground lease term and a negotiated extension readily available for a buyer to execute, the asset provides long-term operational flexibility and investment security while positioning ownership to capitalize on future market growth.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Richards Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

A

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

269

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

B-2

APN/PARCEL ID

1-2-1-026-013-0000

ASK ABOUT THIS PROPERTY

Brandon BeraColliersMore Info
808-524-2666

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Brandon BeraColliersMore Info
808-524-2666

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