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99-870 Iwaena St 15,123 SF 100% Leased Industrial Building Aiea, HI 96701 $700,000 ($46.29/SF)

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INVESTMENT HIGHLIGHTS

  • Easy access from Iwaena; near H2 and H3 Freeways
  • Two warehouse spaces plus a mezzanine office
  • Under 15 minutes to Daniel K. Inouye International Airport and downtown
  • Ideal for owner-occupants; potential for renting part of the space

EXECUTIVE SUMMARY

CBRE, Inc. is delighted to present an exceptional opportunity to acquire leasehold or lease an industrial space located at 99-870 Iwaena Road in the renowned Halawa Industrial Complex of Aiea, Oahu. This property boasts convenient street access just off of Iwaena, and its strategic location adjacent to both the H2 and H3 Freeways ensures excellent commute times. It takes less than 15 minutes to reach Daniel K. Inouye International Airport and downtown, making this warehouse space incredibly accessible. With its 2 warehouse spaces and a mezzanine office space, this property is perfectly suited for owner occupants who also wish to capitalize on the option of renting out a part of the premises. This remarkable opportunity offers a winning combination of prime location, versatile space, and tremendous potential for investors and businesses alike. The ground lease terminates December 31, 2034, and is fixed through December 31, 2029.

PROPERTY FACTS

Price $700,000
Price Per SF $46.29
Sale Type Investment or Owner User
Sale Condition Ground Lease (Leasehold)
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.46 AC
Rentable Building Area 15,123 SF
No. Stories 2
Year Built 1983
Parking Ratio 1.19/1,000 SF
Clear Ceiling Height 32’
No. Drive In / Grade-Level Doors 3
Zoning I-2 - Industrial

AMENITIES

  • Signage
  • Storage Space

UTILITIES

  • Water - County

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-9-9-072-007-0000
Land Assessment
$1,249,000
Improvements Assessment
$1,033,900
Total Assessment
$2,282,900
  • Listing ID: 32723777

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 99-870 Iwaena St, Aiea, HI 96701

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