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New Price $1/Million. "Leasehold" 2886 Paa St 13,350 SF 100% Leased Industrial Building Honolulu, HI 96819 $1,000,000 ($74.91/SF) 7.45% Cap Rate
Investment Highlights
- Potentially Owner-User for a High End Car Dealership
Executive Summary
New Purchase Price $1,000,000.00.
One Source is the main subtenant with a lease in place that will end on April 30, 2028. The Subtenant in the back has a warehouse yard that could be removed for additional space. Subject to Fee Owner/Leaseholders' approval.
Owner user to utilize: Back warehouse & Additional surrounding yard area of 20,000 SF for staging trucks or equipment, with a possible warehouse in the rear.
Address 2886 Paa Street, Honolulu Hawaii 96819
TMK: (I) 1-1-7: Parcel 40
Zoning B-2, Business Community
Land Area 60,023 Square Feet
Building Area 16,000 Square Feet
Parking Stalls 35+
Driver Ins (2) 8’ x 10’
Ceiling Height 14’ at Eaves
24’ at Center
Two Sublease Tenant's Term upon request per Exhibit A attached
Master Lease Expiration 11/14/2043
Current Ground rent information is upon request
One Source is the main subtenant with a lease in place that will end on April 30, 2028. The Subtenant in the back has a warehouse yard that could be removed for additional space. Subject to Fee Owner/Leaseholders' approval.
Owner user to utilize: Back warehouse & Additional surrounding yard area of 20,000 SF for staging trucks or equipment, with a possible warehouse in the rear.
Address 2886 Paa Street, Honolulu Hawaii 96819
TMK: (I) 1-1-7: Parcel 40
Zoning B-2, Business Community
Land Area 60,023 Square Feet
Building Area 16,000 Square Feet
Parking Stalls 35+
Driver Ins (2) 8’ x 10’
Ceiling Height 14’ at Eaves
24’ at Center
Two Sublease Tenant's Term upon request per Exhibit A attached
Master Lease Expiration 11/14/2043
Current Ground rent information is upon request
Property Facts
Amenities
- Fenced Lot
- Freezer (Space)
- Signage
- Storage Space
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating - Gas
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Property Taxes
| Parcel Number | 1-1-1-007-040-0000 | Improvements Assessment | $672,300 |
| Land Assessment | $8,553,000 | Total Assessment | $9,225,300 |
Property Taxes
Parcel Number
1-1-1-007-040-0000
Land Assessment
$8,553,000
Improvements Assessment
$672,300
Total Assessment
$9,225,300
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New Price $1/Million. "Leasehold" | 2886 Paa St
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