Redevelopment Possible "Leasehold" 2886 Paa St 13,350 SF Industrial Building Honolulu, HI 96819 $1,700,000 ($127.34/SF) 2.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Potentially Owner-User for a High End Car Dealership
EXECUTIVE SUMMARY
New Purchase Price $1,700,000.00.
One Source is the main subtenant with a lease in place. The Subtenant in the back has a warehouse yard that could be removed for additional space.
Owner user to use: Additional surrounding yard area for staging trucks or equipment.
Address 2886 Paa Street Honolulu Hawaii 96819
TMK: (I) 1-1-7: Parcel 40
Zoning B-2, Business Community
Land Area 60,023 Square Feet
Building Area 16,000 Square Feet
Parking Stalls 35+
Driver Ins (2) 8’ x 10’
Ceiling Height 14’ at Eaves
24’ at Center
Two Sublease Tenant's Term upon request per Exhibit A attached
Master Lease Expiration 11/14/2043
Current Ground rent information is upon request
One Source is the main subtenant with a lease in place. The Subtenant in the back has a warehouse yard that could be removed for additional space.
Owner user to use: Additional surrounding yard area for staging trucks or equipment.
Address 2886 Paa Street Honolulu Hawaii 96819
TMK: (I) 1-1-7: Parcel 40
Zoning B-2, Business Community
Land Area 60,023 Square Feet
Building Area 16,000 Square Feet
Parking Stalls 35+
Driver Ins (2) 8’ x 10’
Ceiling Height 14’ at Eaves
24’ at Center
Two Sublease Tenant's Term upon request per Exhibit A attached
Master Lease Expiration 11/14/2043
Current Ground rent information is upon request
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Freezer (Space)
- Signage
- Storage Space
UTILITIES
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating - Gas
1 of 1
PROPERTY TAXES
| Parcel Number | 1-1-1-007-040-0000 | Improvements Assessment | $671,500 |
| Land Assessment | $8,315,400 | Total Assessment | $8,986,900 |
ZONING
| Zoning Code | B-2 (Business Zoined as a Distridistribution Center or construction site.) |
