Yacht Harbor Towers Professional Center

PRICE REDUCED!

$7,450,000 – 5.3% CAP RATE

 

INVESTMENT SUMMARY

  • Asking Price: $7,450,000
  • 2018 Budgeted NOI: $395,000
  • 2017 Actual NOI: $362,245
  • CAP Rate: 5.30%
  • Tenure: Fee Simple
  • Size: 10,231 Rentable SF
  • Parking Stalls: 61
  • TMK Number: (1) 2-3-36: 39 CPR 3
  • Zoning: A-2 (Medium Density Apartment)
  • Year Built: 1973

INVESTMENT HIGHLIGHTS

  • Established medical and professional office tenants
  • High-end finishes in offices and common areas will keep medical tenants in place at higher rental rates
  • Unique protected ocean and harbor views • One of a kind private elevator and entrance with signage and abundant accessible parking
  • Private lanai space can be used as an employee and client amenity
  • $550,000 solar investment installed to reduce current and future utility costs
  • 61 fee simple parking stalls added operating net income with strong upside
  • Replacement cost of parking alone is in excess of $3,000,000
  • List price well below replacement cost for a one of a kind investment opportunity

LOCATION SUMMARY

  • Strategic central location next to Waikiki/Ala Moana/Kapiolani corridors and expanding Kaka’ako area – easy access for both residents and visitors
  • Walking distance to future rail station and less than 2 miles from Federal Courts and Downtown.

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