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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.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 6A
  • 9,608 SF
  • Industrial
  • $4,250,000 ($442.34/SF)
  • $190,238
Sale Type Investment
Cap Rate 4.48%
No. Parking Spaces 4
APN/Parcel ID 1-1-5-012-001-010
Description
Unit 6A is a fee-simple industrial condominium located in Honolulu, offering approximately 9,608 square feet of industrial space. The property includes separate office areas and comes with four dedicated parking stalls, providing functionality for a variety of industrial or commercial uses.
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 nearly 20 years, specializing in European automotive repairs.

Please do not disturb tenant. Call broker for more details and to schedule tours.
Unit Unit Size Condo Use Price NOI
Unit 6A 9,608 SF Industrial $4,250,000 ($442.34/SF) $190,238

Unit 6A

Unit Size
9,608 SF
Condo Use
Industrial
Price
$4,250,000 ($442.34/SF)
NOI
$190,238

Unit 6A

Unit Size 9,608 SF
Condo Use Industrial
Price $4,250,000 ($442.34/SF)
NOI $190,238
Sale Type Investment
Cap Rate 4.48%
No. Parking Spaces 4
APN/Parcel ID 1-1-5-012-001-010
Description
Unit 6A is a fee-simple industrial condominium located in Honolulu, offering approximately 9,608 square feet of industrial space. The property includes separate office areas and comes with four dedicated parking stalls, providing functionality for a variety of industrial or commercial uses.</li></ul>
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&amp;A Motor Werkes has been in business for nearly 20 years, specializing in European automotive repairs. <br> <br> Please do not disturb tenant. Call broker for more details and to schedule tours.</li></ul>

Property Facts

The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
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 1967
Lot Size 6.71 AC
Parking Ratio 0.42/1,000 SF
Opportunity Zone Yes
Zoning U/46/40 - Urban Land Use Zoning

Amenities

  • Storage Space
  • Air Conditioning

Utilities

  • Water
  • Sewer
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
  • Listing ID: 29326517

  • Date on Market: 8/21/2023

  • Last Updated:

  • Address: 501 Sumner St, Honolulu, HI 96817

Contact the Sale Advisor

501 Sumner St

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