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501 Sumner St 9,608 SF Industrial Condo Unit Offered at $4,250,000 in Honolulu, HI 96817

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INVESTMENT HIGHLIGHTS

  • Single tenant NNN Lease
  • 17+ Years in business specializing in European automotive repairs
  • 10 Year Initial Term with annual rent increases

EXECUTIVE SUMMARY

Don’t miss this turn-key Investment opportunity! Fee-Simple Industrial Condominium property in the heart of Honolulu with a brand new 10 Year NNN Lease. With 9,608 sq. ft of building space that includes separate office areas, and 4 parking stalls, this provides a stable income stream for an investor. A&A Motor Werkes has been in business for over 17 years and counting specializing in European automotive repairs. Please do not disturb tenant. Call broker for more details and to schedule tours.

PROPERTY FACTS

Total Building Size 9,608 SF
Property Type Industrial (Condo)
Property Subtype
Warehouse
  • General Retail Auto Repair
Building Class C
Floors 2
Typical Floor Size 9,608 SF
Year Built 1979
Lot Size 6.71 AC
Parking Ratio 0.42/1,000 SF
Opportunity Zone Yes
Zoning IMX-1 - Industrial Mixed Use

AMENITIES

  • Storage Space
  • Air Conditioning

UTILITIES

  • Water
  • Sewer

1 UNIT AVAILABLE

Unit 6A

Unit Size 9,608 SF
Price $4,250,000
Price Per SF $442.34
Condo Use Industrial
Sale Type Investment
Cap Rate 4.48%
NOI $190,238
No. Parking Spaces 4
SALE NOTES

Don’t miss this turn-key Investment opportunity! Fee-Simple Industrial Condominium property in the heart of Honolulu with a brand new 10 Year NNN Lease. With 9,608 sq. ft of building space that includes separate office areas, and 4
parking stalls, this provides a stable income stream for an investor. A&A Motor Werkes has been in business for over
17 years and counting specializing in European automotive repairs.
Please do not disturb tenant. Call broker for more details and to schedule tours.

Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 29326517

  • Date on Market: 8/21/2023

  • Last Updated:

  • Address: 501 Sumner St, Honolulu, HI 96817

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