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1st Floor - Unit 1&2
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Flex
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3,085 SF
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$2,500,000 USD
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Unit Size: 3,085 SF
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Condo Use: Flex
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Price: $2,500,000 USD
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Sale Type: Investment
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Price/SF: $810.37 USD
Description
Units 1 and 2 to be sold together. Unit #1 consists of two (2) buildings and two (2) mini storage bunkers and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and is estimated to be 15,052 square feet. Any cost to make additional parking is a Buyer’s expense. Unit #2 consists of Waikele Community Association (“WCA”) office building and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and estimated to be 13,353. Any cost to make parking is at Buyer’s expense. Rented to current tenant Waikele Community Association for 5 years starting July 1, 2024 – June 30, 2029.
Sale Notes
CAP RATE 5.4%. Unit 1 & 2 are to be sold together. Easy access to H-1 East or West just minutes away. Unit #1 consists of two (2) buildings and two (2) mini storage sheds and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by survey and is estimated to be 15,052 sf. Unit #2 consists of Waikele Community Association (WCA) office bldg. and some surrounding land which can be used for landscaping and or/parking. Amount of surrounding land was determined by a survey and estimated to be 13,353 sf. Tax assessments are rough estimates. Rented to current tenant, Waikele Community Association for years starting 7/1/2024.
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Barry Kaplan
Savio Realty LTD
