96-1385 Waihona St - Warehouse FOR SALE


Pearl City, HI 96782
$10,900,000 USD
808-292-4599
96-1385 Waihona St, Pearl City, HI for Sale
$10,900,000 USD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

96-1385 Waihona St
Pearl City, HI 96782


HIGHLIGHTS

  • STABLE CASH FLOW - Tenant mix of 8 different tenants adds stability and lowers risk
  • STRATEGIC LOCATION - Central location puts every market on Oahu within a 20 minute drive
  • RENT GROWTH - Current rents are 20% lower than current market rents, allowing for immediate rent growth on renewals
  • FAVORABLE LANDLORD MARKET CONDITION - Oahu’s industrial market boasts a 1.21% vacancy, providing favorable landlord conditions

OVERVIEW

Colliers is excited to present a fully leased, multi-tenant industrial property in the heart of Pearl City Industrial Park, ideal for both investors and owner-occupants. Its central location in the Pearl City Industrial Park provides a strategic advantage, offering unparalleled access across Oahu, putting business within a 20-minute drive any direction.  With all tenants on short-term leases, this 100% occupied property offers investors an opportunity to renegotiate terms and secure a stable cash flow in a 1% vacancy market, while providing owner-occupants the flexibility to occupy the space in the near future. Thanks to its well-balanced mix of office and industrial tenants, and no heavy reliance on a single sector, this property is well-positioned to withstand fluctuations in an ever-changing economic environment. As energy costs and operating expenses continue to rise, 96-1385 Waihona St stands out with its 312 panel, 6 inverter photovoltaic solar system, generating on average over 300 kWh of energy per day. This system helps reduce the owner’s energy usage and lowers operating expenses, making the property an even more attractive leasing destination.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$749 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.45

LAND SF

63,162

ZONING

I-1

APN/PARCEL ID

1-9-6-008-008-0000

ASK ABOUT THIS PROPERTY

Alika CosnerColliersMore Info
808-292-4599

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

Alika CosnerColliersMore Info
808-292-4599

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