FEE SIMPLE RETAIL/WAREHOUSE AT 6.1% YEAR 1 CAP RATE AND 8% YEAR 3 CAP RATE (PROFORMA)! Incredible opportunity for an investor or owner-user to acquire a fee simple industrial property in Kalaeloa. The 28,500 SF retail & warehouse spaces are leased to Tamaruas, a successful Hawaii-based grocery, fine wine & liquor store. There is an additional 49,121 SF of paved & fenced yard space which could be leased, developed, or occupied. The existing lease rents are significantly below market providing upside potential. Financial info is proforma. Several developments slated in the new few years in Kalaeloa which are expected to result in a significant increase in the number of residents in the area. The property has easy access to several business and industrial areas as well as the H-1 freeway.
Large Water Meter, Light Electricity
63 - Military & Federal Preserv
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