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- LoopNet Team
91-086 Kaomi
Kapolei, HI 96707
Land For Sale · 28.50 AC
Investment Highlights
- Credit - Strong corporate tenant provides a stable cashflow.
- Rare Opportunity – Extremely rare opportunity to acquire 28 acres of industrial land with future redevelopment opportunities.
- Rent Growth - 18 years of steady cash flow with market increases.
- NNN Lease – No landlord obligations to maintain buildings or land.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 28.50 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 28.50 AC |
Description
Colliers has been retained to sell the Leased Fee interest in the property located at 91-086 Kaomi Loop, Kapolei, Hawaii. The entire property is under a NNN ground lease to AES Hawaii, LLC (“AES”), one of the State’s premier energy providers. The 28.5 acre parcel is located in the James Campbell Industrial Park, Oahu’s second largest industrial submarket, in the island’s fastest growing community of Kapolei. As AES looks to decommission its existing facility, they aim to align with Hawaii’s goals to be a 100% renewable energy community by 2045. AES has been a part of the community since the 1980’s has ongoing operations with projects on Kauai, Oahu, Maui and the Big Island. The property is being sold an in place lease with 18 years remaining. This property provides great accessibility from Kaomi Loop, provides easy access to the H-1 freeway, and is located just minutes from the Kalaeloa Barbers Point Harbor and Kalaeloa Airport. Occupants in the area also have access to Honolulu International Airport (18 miles) and Honolulu Harbor (22 miles).
PROPERTY TAXES
| Parcel Number | 1-9-1-026-028-0000 | Improvements Assessment | $4,184,400 |
| Land Assessment | $43,265,900 | Total Assessment | $47,450,300 |
PROPERTY TAXES
zoning
| Zoning Code | I-2 (Intensive Industrial) |
| I-2 (Intensive Industrial) |
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