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Office Property For Sale

Alakea Corporate Tower

1100 Alakea Street, Honolulu, HI 96813

Price:
$2,900,000
Building Size:
4,783 SF
Price/SF:
$606.31
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Vacant/Owner-User
Tax ID / APN #:
1-2-1-10-5-51
Find Out More...

Last Verified 11/6/2009 Listing ID 16415758

Highlights

16 highly desirable parking stalls
Upside potential by leasing parking stalls with current market rates ranging from $225 to $250 per month per stall
Honolulu Harbor to Diamond Head views from the 30th floor commercial condo

Prime location
Downtown office market has a 11.07% vacancy rate
Dramatic high ceilings with floor to ceiling windows

Description

The sale of this approximately 4,783 square foot mixed-use commercial condo includes 16 highly desirable parking stalls. There is upside potential by leasing the parking stalls which current market rates in the building range from $225 to $250 per month. The unit is ideal for an owner/user and has an undivided 3.0179% interest in all common elements of Alakea Corporate Tower, a 32-story, Class A office building in Honolulu's Central Business District. The 30th floor condo is improved with dramatically high ceilings and bears floor-to-ceiling perimeter windows which allow for natural lighting and great views of the Harbor, Diamond Head, Honolulu and CBD. The building has central air conditioning and is equipped with 3 elevators. The building's current CAM is $1.12 per square foot per month. The property is located near several major traffic arteries through urban Honolulu as well as hundreds of Downtown businesses.

The property is centrally located within Honolulu's Central Business District at the intersection of Alakea Street and Hotel Street. It has easy access to Ala Moana Boulevard/Nimitz Highway, King Street, Beretania Street, Pali Highway and the H-1 Freeway. Located nearby Chinatown, the Chinese Cultural Plaza and the Arts & Cultural District, the condo is within walking distance of the business district's best known restaurants including Indigo's, Du Vin Brasserie, Restaurant Epic and Murphy's Irish Grill. The property is in close proximity to Honolulu International Airport.

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Map of 1100 Alakea Street, Honolulu, HI 96813 (Honolulu County)

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Presented by

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Mark D. Bratton (R) CCIM (808) 523-9708

Karen Birkett (S) (808) 221-5846

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Created 9/30/2009

Additional Information for 1100 Alakea Street, Honolulu, HI 96813

Active For Sale - 5 Listings
Active For Lease - 3 Listings
Previously Listed - 38 Historic Listings
Sales Comparables Available - 3 RecentSales Records

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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