725 Kapiolani Blvd
Honolulu, HI 96813
Office Property For Sale

Sale-Leaseback of Office Condo and Parking Stalls for C310.
Colliers presents a rare fee simple sale-leaseback opportunity at Imperial Plaza in the heart of Kaka’ako, combining a 256 SF office condo with 18 dedicated parking stalls in one of Honolulu’s tightest urban core submarkets. At closing, the seller leases back the parking stalls under a contracted agreement running through 2032 (plus two 5-year renewal options), delivering approximately $66,000 in annual parking income from day one and eliminating lease-up risk entirely. Combined with market office rent, the asset generates over $60,000 in Year 1 NOI against a $1,300,000 asking price, a stabilized, income-producing return secured by fee simple ownership, a structure rarely available for a Kaka’ako asset at this basis.
Beyond the in-place cash flow, the office component offers investors optionality: occupy it for a small business operation or lease it out for additional upside. Positioned between Downtown Honolulu, Ala Moana Center, and Ward Village, with dense residential towers driving daytime population and consumer density in every direction, the location underpins long-term re-leasing demand and value appreciation. With a low basis, contracted income, and no ground lease exposure, this is an efficient entry point for investors seeking a passive, cash-flowing Kaka’ako holding with built-in flexibility.