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1005 Lower Main St 10,564 SF Vacant Industrial Building Wailuku, HI 96793 $3,750,000 ($354.98/SF) 5% Cap Rate



INVESTMENT HIGHLIGHTS
- Large street front access.
- Lost of parking
- A-2 (Apartment) and B-2 (Business - Community) Zoning
- Large existing steal frame buidling
- 200 solar panels 345 W (owned) producing 57.6 kw (AC)
EXECUTIVE SUMMARY
Home to Maui’s own Home Maid Bakery for over 35+ years. Rarely available 10,564 sq ft metal frame building with 23 feet ceilings siting on 0.721 acres (31,428 sq ft) (TMK 049) of land in Wailuku which includes the adjacent vacant land of 2.127 acres (61,242 sq ft) (TMK 048), both zoned B-2 Business - Community & A-2 Apartment. Originally used and operated as a full-service bakery with industrial size walk in freezers, refrigerators, mixers ovens and commercial stainless-steel kitchen. Building consists of approximately 1,200 sq ft of existing retail space on the bottom floor with office space mezzanine directly above. HIGHLIGHTS • 200 solar panels 345 W (owned) producing 57.6 kw (AC) installed in 2017 reducing the existing electric bills. • Lower Main Street frontage (approximately 625 linear ft) • 15 paved parking stalls with additional parking on the adjacent vacant land SUMMARY • Offering Price: (2 parcels) $3,750,000 • 1005 Lower Main Street (SF): 10,564 (building) / 31,428 (land) TMK#'s (2)3-8-037-049 (B-2) • 955 Lower Main Street (SF): 61,242 (land) TMK#'s (2)3-8-037-048 (A-2)
PROPERTY FACTS
| Price | $3,750,000 | Building Class | C |
| Price Per SF | $354.98 | Lot Size | 2.13 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 10,564 SF |
| Cap Rate | 5% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1982 |
| Property Type | Industrial | Parking Ratio | 1.42/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Zoning | B-2 & A-2 - TMK 49 - (B-2 - Business - Community) TMK 48 - (A-2 - Apartment) | ||
| Price | $3,750,000 |
| Price Per SF | $354.98 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.13 AC |
| Rentable Building Area | 10,564 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.42/1,000 SF |
| Clear Ceiling Height | 22’ |
| Zoning | B-2 & A-2 - TMK 49 - (B-2 - Business - Community) TMK 48 - (A-2 - Apartment) |
AMENITIES
- 24 Hour Access
- Freezer (Space)
- Mezzanine
- Storage Space
UTILITIES
- Lighting
- Gas
- Water - County
- Sewer - County
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- TBD
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| TBD | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- Mezzanine
- 1,564 SF
- Flex
- Shell Space
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 9,000 SF | Flex | Shell Space | Now |
| Mezzanine | 1,564 SF | Flex | Shell Space | Now |
1st Floor
| Size |
| 9,000 SF |
| Space Use |
| Flex |
| Condition |
| Shell Space |
| Available |
| Now |
Mezzanine
| Size |
| 1,564 SF |
| Space Use |
| Flex |
| Condition |
| Shell Space |
| Available |
| Now |
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 9,000 SF |
| Space Use | Flex |
| Condition | Shell Space |
| Available | Now |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 2-3-8-037-049-0000 | Improvements Assessment | $447,400 |
| Land Assessment | $616,000 | Total Assessment | $1,063,400 |
PROPERTY TAXES
Parcel Number
2-3-8-037-049-0000
Land Assessment
$616,000
Improvements Assessment
$447,400
Total Assessment
$1,063,400
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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1005 Lower Main St
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