Pacific Eye Surgery Center 2055 N King St

19,175 SF 100% Leased Office Building Honolulu, HI 96819 $6,950,000 ($362/SF) 5.80% Cap Rate

EXECUTIVE SUMMARY

• Fully leased at strong rental rates, primarily to a national credit tenant with term and annual escalations
• BMX-3 zoning allows multiples uses at the property
• Located within TOD zoning
• Located in a market (Kalihi/Kapalama) poised to see future growth potential with light rail construction and future development plans
• Opportunity to capture additional rentable square footage and increase value with BOMA remeasurement

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
19,175 SF
Building Class
C
Year Built
1973
Price
$6,950,000
Price Per SF
$362
Cap Rate
5.80%
NOI
$402,765
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,588 SF
Slab To Slab
10’
Building FAR
1.08
Lot Size
0.41 AC
Zoning
BMX-3
Parking
40 Spaces (2.09 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage
  • Air Conditioning
Walk Score®
Very Walkable (85)

PROPERTY TAXES

  • Listing ID: 32274525

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 2055 N King St, Honolulu, HI 96819