Liliha Professional Building 1520 Liliha St 40 296 pi² 69% Loué Bureau Immeuble Honolulu, HI 96817 22 200 773 $ CAD (550,94 $ CAD/pi²)

Standard Commercial LLC is pleased to present a rare opportunity to acquire the fee simple interest in the Liliha Professional Building, a multi-tenant medical office property
located in the heart of urban Honolulu, Hawaii. The property totals 40,296 square feet of gross leasable area and is currently 70% leased to seventeen tenants. It offers ample
on-site parking with 194 stalls.
The building recently underwent over $1 million in capital improvements, making it a turnkey opportunity for a new owner. An owner-user can secure one of the few outpatient facilities available in urban Honolulu while generating income from existing tenants. Alternatively, a value-add investor can pursue lease-up, repositioning, or condominium conversion, supported by strong in-place cash flow.
PROPERTY HIGHLIGHTS
•FUNCTIONAL FLOOR PLATES with contiguous vacant spaces and ample infrastructure allow an owner-user to easily take occupancy
• INDIVIDUAL ELECTRIC METERS for each space
• RENOVATED COMMON AREAS | Ground floor lobby was completely redone to accentuate a modern design as well as common area hallways on upper floors which had new paint, carpet, and signage
• BUILT-OUT CLINICAL SPACES | Ample in-place plumbing and functional layouts facilitate leasing to medical tenants
• AMPLE TENANT & CUSTOMER PARKING | Three-story parking garage plus an exterior surface lot provide adequate parking for tenants and visitors
• ADA COMPLIANT RESTROOMS in the common areas
• STABLE EXISTING OCCUPANCY home to thriving businesses and respected long-term medical practitioners
• ELEVATORS have undergone modernization project
• NEW CHILLER installed in 2020
• ON-SITE PHARMACY (WALGREENS) AND LABORATORY (CLINICAL LABS) SERVICES
• IRREPLACEABLE LOCATION in the heart of urban Honolulu with immediate access to the H1 freeway