949 Mapunapuna Street 3 Properties Offered at $6,250,000 in Honolulu, HI
INVESTMENT HIGHLIGHTS
- 4 buildings with large container parking areas and multiple access points
- Ground rent fixed until 7/31/30 with one ground rent reset remaining (8/1/30-7/31/39)
- Seller to leaseback for 12-24 months - at current market rates
- Owned PV System
- Underwritten at a 9% discount rate using conservative rents
- Quick and easy access to and from the H-1 Freeway and Nimitz Highway
EXECUTIVE SUMMARY
Opportunity to purchase 7.26 acres of I-2 zoned property over 3 parcels in Mapunapuna. This square corner location has 140 marked parking stalls and 2 acres of excess paved yard area. An ideal facility for an owner-user or investor, the property has been occupied by Coca-Cola for over 35 years.
Tenure: Leasehold through July 31, 2039.
Tenure: Leasehold through July 31, 2039.
PROPERTY FACTS
| Price | $6,250,000 |
| Price / SF | $51.84 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 120,556 SF |
| Total Land Area | 12.70 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2865 Pukoloa St, Honolulu, HI 96819 | Office | 12,450 SF | 1967 | - |
| 2855-2865 Pukoloa St, Honolulu, HI 96819 | Industrial | 15,106 SF | 1967 | - |
| 949 Mapunapuna St, Honolulu, HI 96819 | Industrial | 93,000 SF | 1967 | - |
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