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16-700 Milo St - Great American Storage Development Site 2.4 Acres of Commercial Land in Keaau, HI 96749
Investment Highlights
- Situated in Kea'au, One of East Hawai'i's Fastest-Growing Residential Areas, Providing Exposure to Steady Population Growth and Housing Development
- Hawai'i's Zoning Regulations, Environmental Constraints, and Availability of Land Sites Restrict New Supply, Enhancing Asset Defensibility
- Located ~10 Miles from Downtown Hilo, the Island's Primary Commercial and Employment Hub
- East Hawai'i continues to see Net In-Migration from Residents Priced Out of More Expensive Island Submarkets
Executive Summary
MORE INFO / VIEW OFFERING MEMORANDUM: https://selfstorageadvisory.com/properties/great-american-storage-development-site/
CBRE's Self Storage Advisory Group is retained as the exclusive listing advisor for Great American Storage - Hilo, a self-storage development that will consist of 704 units distributed across 85,225 net rentable square feet of ground level drive-up and interior climate-controlled storage space. The development is located in Kea'au, (a suburb of Hilo) and situated on Kea'au-Pahoa Bypass Road (24,330 VPD traffic count) in an area that has strong income with a household income average of $107,955 within a 5-mile radius.
Kea?au, Hawai'i is a fast-growing community in Puna on the Island of Hawai'i that is increasingly positioned as an affordable residential and workforce hub supporting East Hawai'i’s expanding economy. The local economic base is driven primarily by construction, agriculture, retail and personal services, and proximity to Hilo, the island’s main commercial and employment center. Nearby University of Hawai'i at Hilo, located roughly 10 miles away, enrolls approximately 2,800 students and serves as a key regional employer and innovation anchor for East Hawai'i. Looking ahead, Kea'au’s growth outlook is supported by continued residential development, infrastructure investment, and regional port improvements, positioning the community to capture population growth, construction-related employment, and spillover demand from Hilo’s healthcare, education, and logistics sectors as East Hawai'i continues to expand.
Local Licensee
Matt Bittick
HI Lic. RB-19143
CBRE's Self Storage Advisory Group is retained as the exclusive listing advisor for Great American Storage - Hilo, a self-storage development that will consist of 704 units distributed across 85,225 net rentable square feet of ground level drive-up and interior climate-controlled storage space. The development is located in Kea'au, (a suburb of Hilo) and situated on Kea'au-Pahoa Bypass Road (24,330 VPD traffic count) in an area that has strong income with a household income average of $107,955 within a 5-mile radius.
Kea?au, Hawai'i is a fast-growing community in Puna on the Island of Hawai'i that is increasingly positioned as an affordable residential and workforce hub supporting East Hawai'i’s expanding economy. The local economic base is driven primarily by construction, agriculture, retail and personal services, and proximity to Hilo, the island’s main commercial and employment center. Nearby University of Hawai'i at Hilo, located roughly 10 miles away, enrolls approximately 2,800 students and serves as a key regional employer and innovation anchor for East Hawai'i. Looking ahead, Kea'au’s growth outlook is supported by continued residential development, infrastructure investment, and regional port improvements, positioning the community to capture population growth, construction-related employment, and spillover demand from Hilo’s healthcare, education, and logistics sectors as East Hawai'i continues to expand.
Local Licensee
Matt Bittick
HI Lic. RB-19143
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Self Storage |
| Property Type | Land | Total Lot Size | 2.40 AC |
| Zoning | MCX-20 - Industrial-Commercial Mixed Use | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Self Storage |
| Total Lot Size | 2.40 AC |
| Zoning | MCX-20 - Industrial-Commercial Mixed Use |
1 Lot Available
Lot
| Lot Size | 2.40 AC |
| Lot Size | 2.40 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 3-1-6-152-002-0000 | Improvements Assessment | $0 |
| Land Assessment | $840,600 | Total Assessment | $840,600 |
Property Taxes
Parcel Number
3-1-6-152-002-0000
Land Assessment
$840,600
Improvements Assessment
$0
Total Assessment
$840,600
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