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612 Kalanianaole St 47,000 SF 100% Leased Industrial Building Hilo, HI 96720 $18,950,000 ($403.19/SF) 3.76% Cap Rate
EXECUTIVE SUMMARY
JLL is pleased to present a historic industrial investment opportunity featuring a
47,000 square foot multi-building warehouse complex situated on 3.57 acres in a
prime location in the Hilo Harbor Industrial district. This well-positioned asset is
comprised of five individual warehouse buildings built between 2007 and 2015,
ranging from 7,000 to 10,800 square feet on a generous 155,680 SF land parcel,
offering significant operational flexibility and potential value-add opportunities.
Located directly across from Hilo Harbor and less than 10 minutes from Hilo
International Airport, this rare fee-simple offering provides investors with
complete ownership control and maximum strategic positioning within Hawaii’s
critical logistics infrastructure. The property is fully leased to well-established
tenants at competitive market rates with leases expiring within the next three
years, providing an opportunity for investors to capture a mark to market and
owner-users to occupy.
47,000 square foot multi-building warehouse complex situated on 3.57 acres in a
prime location in the Hilo Harbor Industrial district. This well-positioned asset is
comprised of five individual warehouse buildings built between 2007 and 2015,
ranging from 7,000 to 10,800 square feet on a generous 155,680 SF land parcel,
offering significant operational flexibility and potential value-add opportunities.
Located directly across from Hilo Harbor and less than 10 minutes from Hilo
International Airport, this rare fee-simple offering provides investors with
complete ownership control and maximum strategic positioning within Hawaii’s
critical logistics infrastructure. The property is fully leased to well-established
tenants at competitive market rates with leases expiring within the next three
years, providing an opportunity for investors to capture a mark to market and
owner-users to occupy.
PROPERTY FACTS
| Price | $18,950,000 | Lot Size | 3.57 AC |
| Price Per SF | $403.19 | Rentable Building Area | 47,000 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 3.76% | Year Built | 2007 |
| Property Type | Industrial | Parking Ratio | 2.23/1,000 SF |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | MG-1A - General Industrial District | ||
| Price | $18,950,000 |
| Price Per SF | $403.19 |
| Sale Type | Investment NNN |
| Cap Rate | 3.76% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.57 AC |
| Rentable Building Area | 47,000 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Parking Ratio | 2.23/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MG-1A - General Industrial District |
1 1
PROPERTY TAXES
| Parcel Number | 3-2-1-008-025-0000 | Improvements Assessment | $4,134,400 |
| Land Assessment | $2,388,100 | Total Assessment | $6,522,500 |
PROPERTY TAXES
Parcel Number
3-2-1-008-025-0000
Land Assessment
$2,388,100
Improvements Assessment
$4,134,400
Total Assessment
$6,522,500
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612 Kalanianaole St
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