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287 Mokauea St
Honolulu, HI 96819
Freestanding Investment Opportunity · Industrial Property For Sale
Investment Highlights
- Prime Corner Lot in a High-Demand Industrial Hub
- Long-Term Value in a Supply-Constrained Market
- Flexible Multi-Tenant Industrial Asset
Executive Summary
Rare opportunity to acquire a 19,414-square-foot corner lot in the heart of the urban core, ideally located at the intersection of Mokauea and Homerule Streets. This well-positioned asset is fully leased to three tenants at below-market rents, with all leases expiring December 31, 2029—offering a clear path to near-term upside, or owner/occupant.
The property is comprised of three distinct tenant spaces:
• Goya’s Auto (2,530 SF) – includes access to additional on-site parking
• Trade Publishing (8,034 SF) – turnkey, multi-level office with integrated warehouse and storage
• Ilio Products (2,680 SF) – warehouse space with private restroom, office, multiple roll-up doors, and exclusive access from Homerule Street
Surrounded by major industrial and commercial users, including Alicia’s Market, Amazon Distribution, Y. Hata & Company, Koha Foods, Costco Wholesale, and Nico’s at Pier 38, the property benefits from a highly functional and central location. Just minutes from the Downtown CBD, less than one mile to Honolulu Harbor, and approximately 10 minutes to Honolulu International Airport.
The property is comprised of three distinct tenant spaces:
• Goya’s Auto (2,530 SF) – includes access to additional on-site parking
• Trade Publishing (8,034 SF) – turnkey, multi-level office with integrated warehouse and storage
• Ilio Products (2,680 SF) – warehouse space with private restroom, office, multiple roll-up doors, and exclusive access from Homerule Street
Surrounded by major industrial and commercial users, including Alicia’s Market, Amazon Distribution, Y. Hata & Company, Koha Foods, Costco Wholesale, and Nico’s at Pier 38, the property benefits from a highly functional and central location. Just minutes from the Downtown CBD, less than one mile to Honolulu Harbor, and approximately 10 minutes to Honolulu International Airport.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1952 |
| Property Subtype | Warehouse | Parking Ratio | 0.76/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 6 |
| Lot Size | 0.45 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 13,244 SF | ||
| Zoning | I-2 - I-2 (INTENSIVE INDUSTRIAL) | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.45 AC |
| Rentable Building Area | 13,244 SF |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.76/1,000 SF |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
| Zoning | I-2 - I-2 (INTENSIVE INDUSTRIAL) |
Amenities
- Controlled Access
- Fenced Lot
- Front Loading
- Storage Space
- Monument Signage
Property Taxes
| Parcel Number | 1-1-2-005-056-0000 | Improvements Assessment | $879,000 |
| Land Assessment | $4,351,500 | Total Assessment | $5,230,500 |
Property Taxes
Parcel Number
1-1-2-005-056-0000
Land Assessment
$4,351,500
Improvements Assessment
$879,000
Total Assessment
$5,230,500
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