Highlights

• Rare fee simple industrial investment opportunity
• Occupied by established international tenant
• Secure cash flow with upside potential at lease renegotiation

• Located in a well-known manufacturing and distribution hub
• Building improvements include loading docks and high cube warehouse freezers and air-conditioned offices

Description

PRICE REDUCED! The property features approximately 28,000 square feet of warehouse, office and freezer space on 1.03 acres of fee simple land. The site also offers ample parking, yard area, and both grade level and dock-high loading doors. In addition, the existing tenant has invested substantial capital into specialized manufacturing equipment on the property. (Fee Simple)

The property is located in Leeward Oahu in the Waipahu industrial submarket which has experienced tight market conditions over the past five years. This 2.3 million square foot market consists of a mixture of older existing industrial buildings, as well as newer buildings built on lots that have been sold over the past ten years. The limited amount of developable industrial land, continued strong demand, and the redevelopment of key industrial markets in urban Honolulu into higher uses are predicted to help maintain the tight conditions in this market.