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94-974 Pakela St - Waikele Business Center 3,085 SF Flex Condo Unit Offered at $3,488,000 CAD in Waipahu, HI 96797
INVESTMENT HIGHLIGHTS
- CAP RATE 5.4%
- Units 1 and 2 to be sold together.
- 29,994 Square Feet of Land.
EXECUTIVE SUMMARY
Units 1 and 2 to be sold together. Unit #1 consists of two (2) buildings and two (2) mini storage bunkers and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and is estimated to be 15,052 square feet. Any cost to make additional parking is a Buyer’s expense. Unit #2 consists of Waikele Community Association (“WCA”) office building and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and estimated to be 13,353. Any cost to make parking is at Buyer’s expense. Rented to current tenant Waikele Community Association for 5 years starting July 1, 2024 – June 30, 2029.
PROPERTY FACTS
| Total Building Size | 3,085 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 15,635 SF |
| Property Subtype | Warehouse | Year Built | 1940 |
| Building Class | C | Lot Size | 3.51 AC |
| Zoning | A/63/80 | ||
| Total Building Size | 3,085 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 15,635 SF |
| Year Built | 1940 |
| Lot Size | 3.51 AC |
| Zoning | A/63/80 |
AMENITIES
- Fenced Lot
- Signage
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 UNIT AVAILABLE
Unit 1&2
| Unit Size | 3,085 SF | Sale Type | Investment |
| Price | $3,488,000 CAD | Cap Rate | 5.40% |
| Price Per SF | $1,130.63 CAD | NOI | $188,352.00 CAD |
| Condo Use | Flex | No. Parking Spaces | 8 |
| Unit Size | 3,085 SF |
| Price | $3,488,000 CAD |
| Price Per SF | $1,130.63 CAD |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| NOI | $188,352.00 CAD |
| No. Parking Spaces | 8 |
DESCRIPTION
Units 1 and 2 to be sold together. Unit #1 consists of two (2) buildings and two (2) mini storage bunkers and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and is estimated to be 15,052 square feet. Any cost to make additional parking is a Buyer’s expense. Unit #2 consists of Waikele Community Association (“WCA”) office building and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and estimated to be 13,353. Any cost to make parking is at Buyer’s expense. Rented to current tenant Waikele Community Association for 5 years starting July 1, 2024 – June 30, 2029.
SALE NOTES
CAP RATE 5.4%. Unit 1 & 2 are to be sold together. Easy access to H-1 East or West just minutes away. Unit #1 consists of two (2) buildings and two (2) mini storage sheds and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by survey and is estimated to be 15,052 sf. Unit #2 consists of Waikele Community Association (WCA) office bldg. and some surrounding land which can be used for landscaping and or/parking. Amount of surrounding land was determined by a survey and estimated to be 13,353 sf. Tax assessments are rough estimates. Rented to current tenant, Waikele Community Association for years starting 7/1/2024.
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94-974 Pakela St - Waikele Business Center
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