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96-1385 Waihona St 14,550 SF 100% Leased Industrial Building Pearl City, HI 96782 $10,900,000 ($749.14/SF)
INVESTMENT HIGHLIGHTS
- STABLE CASH FLOW - Tenant mix of 8 different tenants adds stability and lowers risk
- RENT GROWTH - Current rents are 20% lower than current market rents, allowing for immediate rent growth on renewals
- STRATEGIC LOCATION - Central location puts every market on Oahu within a 20 minute drive
- FAVORABLE LANDLORD MARKET CONDITION - Oahu’s industrial market boasts a 1.21% vacancy, providing favorable landlord conditions
EXECUTIVE SUMMARY
Colliers is excited to present a fully leased, multi-tenant industrial property in the heart of Pearl City Industrial Park, ideal for both investors and owner-occupants. Its central location in the Pearl City Industrial Park provides a strategic advantage, offering unparalleled access across Oahu, putting business within a 20-minute drive any direction.
With all tenants on short-term leases, this 100% occupied property offers investors an opportunity to renegotiate terms and secure a stable cash flow in a 1% vacancy market, while providing owner-occupants the flexibility to occupy the space in the near future. Thanks to its well-balanced mix of office and industrial tenants, and no heavy reliance on a single sector, this property is well-positioned to withstand fluctuations in an ever-changing economic environment.
As energy costs and operating expenses continue to rise, 96-1385 Waihona St stands out with its 312 panel, 6 inverter photovoltaic solar system, generating on average over 300 kWh of energy per day. This system helps reduce the owner’s energy usage and lowers operating expenses, making the property an even more attractive leasing destination.
With all tenants on short-term leases, this 100% occupied property offers investors an opportunity to renegotiate terms and secure a stable cash flow in a 1% vacancy market, while providing owner-occupants the flexibility to occupy the space in the near future. Thanks to its well-balanced mix of office and industrial tenants, and no heavy reliance on a single sector, this property is well-positioned to withstand fluctuations in an ever-changing economic environment.
As energy costs and operating expenses continue to rise, 96-1385 Waihona St stands out with its 312 panel, 6 inverter photovoltaic solar system, generating on average over 300 kWh of energy per day. This system helps reduce the owner’s energy usage and lowers operating expenses, making the property an even more attractive leasing destination.
PROPERTY FACTS
| Price | $10,900,000 | Lot Size | 1.45 AC |
| Price Per SF | $749.14 | Rentable Building Area | 14,550 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1990 |
| Property Subtype | Warehouse | Parking Ratio | 0.82/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - I-1 (Limited Industrial District) | ||
| Price | $10,900,000 |
| Price Per SF | $749.14 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.45 AC |
| Rentable Building Area | 14,550 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 0.82/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - I-1 (Limited Industrial District) |
AMENITIES
- Signage
UTILITIES
- Water - City
- Sewer - City
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- ECM Hawaii
- Construction
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| ECM Hawaii | Construction | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Fullmer Brothers | - | - | - | Lorem Ipsum | Jan 0000 | |
| Sandwich Isle Pest Solutions | Services | - | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 1-9-6-008-008-0000 | Improvements Assessment | $2,808,300 |
| Land Assessment | $2,964,200 | Total Assessment | $5,772,500 |
PROPERTY TAXES
Parcel Number
1-9-6-008-008-0000
Land Assessment
$2,964,200
Improvements Assessment
$2,808,300
Total Assessment
$5,772,500
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96-1385 Waihona St
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