The Aruijo Building | 32 Kainehe St
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The Aruijo Building 32 Kainehe St
5,549 SF 61% Leased Retail Building Kailua, HI 96734 $3,200,000 ($577/SF)
Executive Summary
Opportunity to acquire a fee simple mixed-use property boasting prime visibility in Kailua!
This building, under the ownership of the seller for more than 40 years, enjoys a vibrant tenant mix encompassing retail, office, and industrial spaces, all with NNN leases set to expire within the next 12 months. With over 90% tenant occupancy (the remainder utilized by the seller), the possibilities are boundless for both ownerusers and investors alike. Featuring minimal deferred maintenance and constructed partially with CMU, this property capitalizes on a stellar walk score and convenient egress from Kailua.
This building, under the ownership of the seller for more than 40 years, enjoys a vibrant tenant mix encompassing retail, office, and industrial spaces, all with NNN leases set to expire within the next 12 months. With over 90% tenant occupancy (the remainder utilized by the seller), the possibilities are boundless for both ownerusers and investors alike. Featuring minimal deferred maintenance and constructed partially with CMU, this property capitalizes on a stellar walk score and convenient egress from Kailua.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,549 SF
Building Class
C
Year Built
1960
Price
$3,200,000
Price Per SF
$577
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.89
Land Acres
0.14 AC
Zoning
B-2
Frontage
41 FT on Kainehe St
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ground floor visibility for a cafe or boutique.
Ideal for boutique studio or office.
| Space | Size | Space Use | Position | Available |
| 102/103/104 | 1,762 SF | Retail | - | Now |
| 201 | 320 SF | Office/Retail | - | Now |
102/103/104
| Size |
| 1,762 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
201
| Size |
| 320 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
102/103/104
| Size | 1,762 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Ground floor visibility for a cafe or boutique.
201
| Size | 320 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Ideal for boutique studio or office.
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-4-3-057-047-0000 | Improvements Assessment | $203,200 |
| Land Assessment | $1,625,000 | Total Assessment | $1,828,200 |
PROPERTY TAXES
Parcel Number
1-4-3-057-047-0000
Land Assessment
$1,625,000
Improvements Assessment
$203,200
Total Assessment
$1,828,200
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Power Broker William Froelich -
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The Aruijo Building | 32 Kainehe St
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