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Richards Building 707 Richards St 102,140 SF 74% Leased Office Building Honolulu, HI 96813 For Sale
Investment Highlights
- Located in the heart of Honolulu’s CBD, 707 Richards Street offers convenient access to government, financial, legal and downtown business amenities.
- Ongoing office-to-residential and mixed-use conversions are reducing downtown office supply and strengthening the position of remaining office assets.
- A diversified tenant roster provides in-place income with opportunities to increase occupancy, grow rents and reposition suites over time.
- Honolulu’s office market continues its positive momentum, with declining vacancy, tightening supply and steady tenant demand.
- The property offers more than double the average CBD parking ratio which serves as a key competitive advantage.
- A significant remaining ground lease term and available extension offer stability and flexibility for investors.
Executive Summary
Positioned within a tightening office market, and with a history of above market occupancy through 2025, the property stands to benefit from improving market fundamentals and a shrinking competitive inventory resulting from ongoing office-to-residential and mixed-use conversions throughout the urban core. In addition, the property features a best-in-market parking ratio — a significant competitive advantage in Honolulu’s CBD where convenient parking options have become increasingly scarce and highly sought after due to return to office mandates.
The offering is particularly attractive to local and regional investors familiar with the unique dynamics of Honolulu’s office and leasehold markets. With substantial remaining ground lease term and a negotiated extension readily available for a buyer to execute, the asset provides long-term operational flexibility and investment security while positioning ownership to capitalize on future market growth.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Professional, Scientific, and Technical Services
- -
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$9.99
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Lorem Ipsum
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Jan 0000
Alapa & Otake, LLLC is a Hawai`i personal injury law firm, dedicated to helping their clients pursue the justice they deserve. They are located in Honolulu, Hawai`i and serve clients on all islands and the mainland. Their experienced attorneys have a proven track record of success, and are committed to providing high-quality legal representation to our clients. Contact them today for a free consultation.
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- Professional, Scientific, and Technical Services
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$9.99
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Lorem Ipsum
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Jan 0000
Rod Bridgers is Honolulu native who provides fellow Hawaii residents the trusted employment law and personal injury support they need. He felt honored to serve the greater Hawaii Island community with capable legal counsel since 2005. His firm is grounded in the local culture and values, and he's proud to support his neighbors and friends.
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- Construction
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Lorem Ipsum
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Jan 0000
Since 1953, they’ve been perfecting their craft, growing nationwide, and improving the built world by providing predictability in an industry that's anything but predictable. They also joined the STO Building Group in 2019—expanding their reach, resources, and portfolio. Throughout it all, they’ve constructed with integrity.
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- Professional, Scientific, and Technical Services
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Lorem Ipsum
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Jan 0000
Established in 1978, the corporation is a full service, general practice law firm with areas of particular emphasis in real property law and real-estate litigation, condominium law, commercial litigation, commercial collections, banking law, construction law, insurance, surety and fidelity law, family law, personal injury litigation, corporate representation, estate planning and probate law.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Construction | - | - | Lorem Ipsum | Jan 0000 | |
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Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 100
- 2,551 SF
- Office
- Full Build-Out
- Now
- 4th Fl-Ste 405
- 5,975 SF
- Office
- Full Build-Out
- Now
- 5th Fl-Ste 510
- 1,204-2,375 SF
- Office
- Full Build-Out
- Now
- 5th Fl-Ste 517
- 1,171-2,375 SF
- Office
- Full Build-Out
- Now
- 5th Fl-Ste 526
- 1,663-2,807 SF
- Office
- Full Build-Out
- Now
- 5th Fl-Ste 550
- 1,144-2,807 SF
- Office
- Full Build-Out
- Now
- 6th Fl-Ste 650
- 2,737 SF
- Office
- Full Build-Out
- Now
- 7th Fl-Ste 701
- 1,506 SF
- Office
- -
- Now
- Penthouse-Ste PH 4
- 972 SF
- Office
- Full Build-Out
- Now
- Penthouse-Ste PH6
- 2,003 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 2,551 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 405 | 5,975 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 510 | 1,204-2,375 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 517 | 1,171-2,375 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 526 | 1,663-2,807 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 550 | 1,144-2,807 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 650 | 2,737 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 701 | 1,506 SF | Office | - | Now |
| Penthouse-Ste PH 4 | 972 SF | Office | Full Build-Out | Now |
| Penthouse-Ste PH6 | 2,003 SF | Office | - | Now |
1st Fl-Ste 100
| Size |
| 2,551 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 405
| Size |
| 5,975 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 510
| Size |
| 1,204-2,375 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 517
| Size |
| 1,171-2,375 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 526
| Size |
| 1,663-2,807 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 550
| Size |
| 1,144-2,807 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 650
| Size |
| 2,737 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 701
| Size |
| 1,506 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
Penthouse-Ste PH 4
| Size |
| 972 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Penthouse-Ste PH6
| Size |
| 2,003 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
Property Taxes
| Parcel Number | 1-2-1-026-013-0000 | Improvements Assessment | $22,788,935 CAD |
| Land Assessment | $16,064,870 CAD | Total Assessment | $38,853,804 CAD |
Property Taxes
Presented by
Richards Building | 707 Richards St
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