For Sale: Sold

36 Oneawa St
Kailua, HI 96734

$3,160,000 (FS)
Sold Price
$3,250,000 (FS)
List Price
Property Type:
Commercial/Industrial
Bedrooms:
--
Full Baths:
--
Half Baths:
--
Land Area (sf):
17,396
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
-- - On Site
MLS #:
202011814
TMK:
1-4-3-055-023-0000
List Date:
Island:
Oahu
Region:
Kailua
Neighborhood:
KAILUA TOWN

REMARKS:

OFFERS DUE 7/2/2020. FEE INTEREST FOR SALE! IN-PLACE 3.2% CAP RATE WITH HUGE UPSIDE POTENTIAL WHEN RENT RESETS IN 2026! The offering represents an extremely rare opportunity to acquire the fee interest in a trophy property which has a long-term ground lease with an excellent tenant, Zippy’s, Inc. The property is located in a prime location on Oneawa Street, a main thoroughfare in Kailua. The ground lease provides for a passive investment structure with tremendous upside potential when the ground rent adjusts to fair market in 2026. A portion of the retail improvements are situated on the property with the balance situated on the adjacent parcel which is not included in the offering.

PROPERTY INFORMATION:

Zoning:
33 - BMX-3 Community Business M
Furnished:
--
Year Built:
1986
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$2,487,600
Assd. Val. Imprv:
$0
Assd. Val. Total:
$2,487,600
Tax Year:
2019
Monthly Taxes:
$2,373
Home Exempt.:
--

SCHOOLS:

Elementary School:
--
Middle School:
--
High School:
--

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, April 27, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Standard Management LLC