4% CAP rate ......Prime commercial property in the highly desirable Ala Moana area, located directly behind Walmart and Sam's Club. Exceptional location surrounded by high-traffic retail and a growing number of newly built luxury condominiums. Solid concrete construction-rare compared to typical wood-frame buildings in the area-provides long-term durability and value. Excellent investment opportunity with a cap rate over 4%. Strong income potential in a rapidly developing urban core. High-demand location with consistent tenant appeal due to proximity to major retail anchors and dense residential population. Concrete structure offers lower long-term maintenance vs. wood-frame properties. Buyer to perform own due diligence on income, expenses, and cap rate. Potential upside with continued area development and rental growth.
| MLS # | 202616838 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Building Name | None |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 35 |
| Listing Provided By | Hawaiiko Realty Group LLC | Mirko K Manfredi |
| SQ Feet | 19,278 |
|---|---|
| Story(s) | 2 |
| Units | 14 |
| Zoning | 33 - BMX-3 Community Business M |
| Construction Materials | Block, Metal Frame, Concrete |
|---|
| Community Features | Other |
|---|
| Property | 87614 |
|---|
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96814 |
| Area | Oahu |
| Community Name | ALA MOANA |
| Listing VS Median (in ALA MOANA) | |
Price: $8,990,000 low | high Med: $309,000 sqft: 19,278 low | high Med: 484 $ / sqft: $466 low | high Med: $638 On site: 35 low | high Med: 64.5 | |
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96814 |
| Area | Oahu |
| Community Name | ALA MOANA |
| Listing VS Median (in ALA MOANA) | |
Price: $8,990,000 low | high Med: $309,000 sqft: 19,278 low | high Med: 484 $ / sqft: $466 low | high Med: $638 On site: 35 low | high Med: 64.5 | |