For additional information, contact Michael Hege Phone: (808) 664-0299
Mobile Phone: (808) 225-3660
Email:  mhhege@aol.comWeb URL:
Property Details for Listing # 201825258
Price: $5,000,000
91-1049 & 1051 Enterprise Avenue
Kapolei, HI 96707
County: Oahu
Sq. Feet: 28500
Type: Commercial, Industrial
    Photo of home for sale at 91-1049 & 1051 Enterprise Avenue, Kapolei HI
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Property Description:
FEE SIMPLE, 100% LEASED GROCERY STORE, WAREHOUSE, AND YARD SPACE AT 5.8% IN-PLACE CAP RATE AND PROFORMA 8% YEAR 3 CAP RATE! The offering represents an incredible value-add opportunity for an investor or owner-user to acquire a 100% leased, fee simple, mixed-use retail and industrial property in Kalaeloa, Kapolei. The 28,500 square foot grocery store and warehouse spaces are leased at below-market rents to Tamura Enterprises, Inc., a successful Hawaii-based grocery, fine wine and liquor store with eight locations throughout Hawaii. The is an additional 49,121 square feet of paved and fenced yard space which is leased to an industrial tenant and also represents an excellent development opportunity. 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.

Property Type:Commercial/Industrial
Listing Status:Active
Construction:Metal Frame
Year Built:1944
Square Feet:28500
Lot Size/Area:165920.00
Property Frontage:Main Street
Parking Features:On Site
Utilities:Large Water Meter, Light Electricity
Listing Price:$5,000,000
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