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1288 Ala Moana Blvd - Hokua 35,333 SF Retail Condo Unit Offered at $31,000,000 in Honolulu, HI 96814
INVESTMENT HIGHLIGHTS
- UNIQUE INVESTMENT OPPORTUNITY: Acquire multiple commercial condominium units in Hawaii's most important retail corridors
- HIGH CREDIT QUALITY: The investment boasts a highly financeable profile, supported by tenants with strong credit ratings and solid operational history
- GROWTH POTENTIAL: The ongoing development in Ward Village and Kaka'ako presents opportunities for future appreciation and demand for commercial space
- DIVERSIFIED TENANT MIX ENSURES STABLE INCOME STREAM: The offering includes approximately 37,656 square feet of space with a reputable tenant mix
- STABLE RENT ROLL: The property features a stable rent roll with a strong weighted average lease term WALT at 4.47 years (11.65 years from inception)
- HIGH DEMAND: There is a high demand for class A office in this location. Historically, this condominium portfolio has been consistently 100% occupied.
PROPERTY FACTS
| Total Building Size | 671,264 SF | Typical Floor Size | 13,425 SF |
| Property Type | Multifamily (Condo) | Year Built | 2004 |
| Property Subtype | Apartment | Lot Size | 3.56 AC |
| Building Class | A | Parking Ratio | 0.89/1,000 SF |
| Floors | 44 | ||
| Zoning | HCDA - Business Commercial | ||
| Total Building Size | 671,264 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 44 |
| Typical Floor Size | 13,425 SF |
| Year Built | 2004 |
| Lot Size | 3.56 AC |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | HCDA - Business Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Fitness Center
- Pool
- Spa
- Tennis Court
- Grill
- Pet Play Area
- Car Charging Station
- Elevator
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 35,333 SF | Sale Type | Investment |
| Price | $31,000,000 | Cap Rate | 5.87% |
| Price Per SF | $877.37 | NOI | $1,819,700 |
| Condo Use | Retail |
| Unit Size | 35,333 SF |
| Price | $31,000,000 |
| Price Per SF | $877.37 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| NOI | $1,819,700 |
DESCRIPTION
CBRE Capital Markets is pleased to present an exceptional opportunity to acquire the Hokua commercial condominium portfolio - five separate commercial condominium units located at Hokua (the “Property”) adjacent to the vibrant Ward Village, Honolulu.
Situated at the base of a luxury high-rise and in close proximity to Ala Moana Center, these commercial units combine prime visibility, consistent foot traffic, and strong long-term value. This offering represents a rare chance to invest in a high-quality, leased investment within one of Hawaii’s most significant commercial and high-density residential development commercial corridors.
SALE NOTES
Hokua is a premier mixed-use development situated adjacent to Ward Village, a master-planned community known for its modern urban living and retail experiences. The property features contemporary architecture and is strategically positioned to benefit from the area’s ongoing growth and revitalization.
Within the immediate area, Ward Village is a thriving neighborhood in Kaka'ako, renowned for its upscale dining, shopping, and cultural attractions. Hokua is also conveniently located close to Ala Moana Center, Hawaii's largest open-air shopping mall with a diverse tenant mix. The proximity to Waikiki (approximately 2 miles) and Downtown Honolulu (approximately 1.5 miles) enhances the appeal of this location, drawing both local and tourist foot traffic. The area is characterized by a blend of residential, commercial, and recreational spaces, making it a desirable destination for businesses and consumers alike.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 253 | - | - |
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1288 Ala Moana Blvd - Hokua
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