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 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.

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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Based on information from the Multiple Listing Service of Honolulu Board of REALTORS┬« listings last updated on 12/11/2018 11:38:38 AM.


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