808-521-1200
, Honolulu, HI for Sale
Multi-Family - FOR SALE
1/8
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Punahou & McCully Circle Apartments
Honolulu, HI
Mccully-Moiliili


HIGHLIGHTS

  • Rare Large-Scale Offering in Honolulu: Nearly 200 units in two multifamily properties rarely available at this scale in Hawaii.
  • Urban Honolulu Location: Centrally positioned with excellent connectivity to Waikiki, Downtown Honolulu, and major employment nodes.
  • Value-Add Opportunity: Currently the average in-place rents are 60% below market, offering an investor the ability to immediately enhance income.
  • Strong Market Fundamentals: Honolulu’s high-barriers to entry, limited availability of land and incredible demand for housing drive annual rental rate
  • Transit-Oriented & Amenity Rich Location: Located along major bus routes with walkable access to key amenities, schools, and hospitals.

OVERVIEW

CBRE Capital Markets is pleased to present a rare investment opportunity to acquire two large-scale fee simple multifamily properties located in Honolulu’s supply constrained Urban Core. It is one of the largest multifamily offerings to come to market within the Honolulu Urban Core in recent years with a combination of superior scale and location. With rents approximately 60% below market, the value-add multifamily investment opportunity providing an investor with the ability to make renovations and increase rents immediately. It’s proximity to the Central Business District, Waikiki, Honolulu’s premier healthcare, educational, and commercial institutions provides significant tenant demand which includes a waiting list for units becoming available.

ASK ABOUT THIS PROPERTY

Matthew BittickCBRE, Inc.More Info
808-521-1200

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Matthew BittickCBRE, Inc.More Info
808-521-1200

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