RETAIL PROPERTY FOR SALE...PRESENTED BY James S. Farmer (R) O: 808.542.4749 HI #RB -18575...

PRESENTED BYJames S. Farmer (R)O: 808.542.4749HI #RB [email protected]

R E T A I L P R O P E R T Y

FOR SALE

HONOLULU, HI 96817

1125 NORTH KING STREET

COLDWELL BANKER COMMERCIAL | WWW.CBCWORLDWIDE.COM ©2018 Coldwell Banker Pacific Properties. All Rights Reserved. Coldwell Banker Pacific Properties fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.Owned by a subsidiary of NRT LLC. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

R E T A I L // 2

OFFERING SUMMARYSALE PRICE: $7,850,000

CAP RATE: 3.97%

NOI: $311,699

LOT SIZE: 0.53 Acres

YEAR BUILT: 1970

BUILDING SIZE: 23,119

RENOVATED: 2016

ZONING: BMX-3 CommunityBusiness, IMX-1

Industrial-Mixed Use

PRICE / SF: $339.55

PROPERTY OVERVIEWLarger sized Commercial, 3 building, 3 lot offering, siding 2 major streets; 1125 N King St. (BMX - 3 zoned), 1240 MookaulaSt. (IMX - 1 zoned), and a side street 986 McGregor Lane (IMX - 1 zoned). Combined land area of 35,701 sq. ft. Front Buildingon King St. is a 3-story combination of Retail and Office. Mookaula St building is a 5 bay/ 4 space warehouse in use.McGregor Lane Building is a 3 bay/2 space warehouse/office building. Some 3-phase electric. Excellent room to increasecash flows with recent owner operation move out, or for owner-users. Superb future redevelopment potential for high/maximum density building with large, well dimensioned lot. Present buildings are not maximizing the FAR.

PROPERTY HIGHLIGHTS• Excellent opportunity to increase cash flow with recent owner vacancies

• Located close to CBD, airport, and shipping piers

• Multiple street entrances

• Flexible zoning

• Priced very attractively

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /EXECUTIVE SUMMARY


R E T A I L // 3

PROPERTY OVERVIEWLarger sized Commercial, 3 building, 3 lot offering, siding 2 major streets; 1125 N King St. (BMX - 3 zoned),1240 Mookaula St. (IMX - 1 zoned), and a side street 986 McGregor Lane (IMX - 1 zoned). Combined landarea of 35,701 sq. ft. Front Building on King St. is a 3-story combination of Retail and Office. Mookaula Stbuilding is a 5 bay/ 4 space warehouse in use. McGregor Lane Building is a 3 bay/2 space warehouse/officebuilding. Some 3-phase electric. Excellent room to increase cash flows with recent owner operation moveout, or for owner-users. Superb future redevelopment potential for high/maximum density building withlarge, well dimensioned lot. Present buildings are not maximizing the FAR.

LOCATION OVERVIEWLarger sized Commercial, 3 building, 3 lot offering, siding 2 major streets; 1125 N King St. (BMX - 3 zoned),1240 Mookaula St. (IMX - 1 zoned), and a side street 986 McGregor Lane (IMX - 1 zoned). Combined landarea of 35,701 sq. ft. Front Building on King St. is a 3-story combination of Retail and Office. Mookaula Stbuilding is a 5 bay/ 4 space warehouse in use. McGregor Lane Building is a 3 bay/2 space warehouse/officebuilding. Some 3-phase electric. Excellent room to increase cash flows with recent owner operation moveout, or for owner-users. Superb future redevelopment potential for high/maximum density building withlarge, well dimensioned lot. Present buildings are not maximizing the FAR.

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /PROPERTY DESCRIPTION


R E T A I L // 5

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /REGIONAL MAP


R E T A I L // 6

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /LOCATION MAPS


R E T A I L // 7

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /AERIAL MAP


R E T A I L // 8

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /SITE PLAN


R E T A I L // 9

INVESTMENT OVERVIEW

Price $7,850,000.00

Price per SF $339.55

CAP Rate 3.97%

Cash-on-Cash Return (yr 1) - %

Total Return (yr 1) -

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income $427,571.00

Other Income -

Total Scheduled Income $427,571.00

Vacancy Cost $42,757.00

Gross Income $384,814.00

Operating Expenses $73,115.00

Net Operating Income $311,699.00

Pre-Tax Cash Flow -

FINANCING DATA

Down Payment -

Loan Amount -

Debt Service -

Debt Service Monthly -

Principal Reduction (yr 1) -

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /FINANCIAL SUMMARY


R E T A I L // 10

1 MILE 5 MILES 10 MILES

Total Population 38,998 298,207 553,714

Median Age 40.5 40.5 40.8

Median Age (Male) 37.8 38.5 39.1

Median Age (Female) 43.7 42.6 42.6

Total Households 11,014 113,644 193,489

Total Persons Per HH 3.5 2.6 2.9

Average HH Income $62,637 $70,187 $82,662

Average House Value $450,844 $527,096 $608,676

* Demographic data derived from 2010 US Census

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /DEMOGRAPHICS REPORT


R E T A I L // 11

POPULATION 1 MILE 5 MILES 10 MILES

Total Population 38,998 298,207 553,714

Median Age 40.5 40.5 40.8

Median Age (Male) 37.8 38.5 39.1

Median Age (Female) 43.7 42.6 42.6

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total Households 11,014 113,644 193,489

# Of Persons Per HH 3.5 2.6 2.9

Average HH Income $62,637 $70,187 $82,662

Average House Value $450,844 $527,096 $608,676

* Demographic data derived from 2010 US Census

JULY 26, 2018

CONFIDENTIAL OFFERING MEMORANDUM / /DEMOGRAPHICS MAP

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RETAIL PROPERTY FOR SALE...PRESENTED BY James S. Farmer (R) O: 808.542.4749 HI #RB -18575...

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