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1040 Sand Island Pky 12,941 SF 100% Leased Industrial Building Honolulu, HI 96819 $2,000,000 ($154.55/SF)
Investment Highlights
- Long-term ground lease with the State of Hawaii through 2057.
- Heavy-load concrete flooring and metal frame construction for durability.
- Convenient access to Honolulu Harbor and major transportation routes.
Executive Summary
Located at 1040 Sand Island Access Road in Honolulu, this commercial/industrial property offers a rare opportunity in one of Oahu’s most active industrial corridors. The property features a single-story structure with approximately 11,755 square feet of interior space on a 30,300-square-foot lot. Built in 2003, the building is constructed with concrete block and metal framing, complemented by aluminum/steel roofing and heavy-load concrete flooring. Functional amenities include a container dock, loading area, and on-site parking, making it well-suited for warehousing, distribution, or light industrial operations. The property is zoned I-3 Waterfront Industrial and benefits from a long-term lease with the State of Hawaii DLNR through 2057. Positioned in the Sand Island submarket, it offers convenient access to Honolulu Harbor, major highways, and the urban core. This asset combines strong logistical advantages with a secure leasehold structure, appealing to investors and owner-users seeking a stable industrial location in Honolulu.
Property Facts
| Price | $2,000,000 | Rentable Building Area | 12,941 SF |
| Price Per SF | $154.55 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2003 |
| Property Type | Industrial | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.32 AC | ||
| Zoning | I-2 | ||
| Price | $2,000,000 |
| Price Per SF | $154.55 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.32 AC |
| Rentable Building Area | 12,941 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Parking Ratio | 2.31/1,000 SF |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
| Zoning | I-2 |
Amenities
- Fenced Lot
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-1-5-041-140-0000 | Improvements Assessment | $1,196,400 |
| Land Assessment | $4,990,500 | Total Assessment | $6,186,900 |
Property Taxes
Parcel Number
1-1-5-041-140-0000
Land Assessment
$4,990,500
Improvements Assessment
$1,196,400
Total Assessment
$6,186,900
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Presented by
JW Realty
1040 Sand Island Pky
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