Brand New Warehouse

1062 Mikole Street

HONOLULU, HI

The Offering

Property Summary

ASKING PRICE $1,350,000
ADDRESS 1062 Mikole Street
Honolulu, HI 96819
TAX MAP KEY (1) 1-5-4-41: 301
TENURE Leasehold
GROUND LESSOR State of Hawaii – Department of Land & Natural Resources
GROUND LEASE EXPIRATION June 30, 2047
GROUND RENT $3,901.19/Month
ASSESSMENT $526.05/Month
LAND AREA 10,521 SF
BUILDING SIZE 4,158.33 SF
YEAR BUILT 2024
ZONING I-2

Overview

Cushman & Wakefield ChaneyBrooks is pleased to present a brand new 4,158 square foot warehouse for sale. The building was designed to allow flexibility for a buyer to occupy the entire property, or add a demising wall down the center and lease out the remaining portion to offset ownership costs.

Investment Highlights

BRAND NEW WAREHOUSE This rarely available, brand new industrial building is equipped with all new water and electrical utilities. The building has never been occupied before.

FLEXIBLE OWNER-USER OPPORTUNITY The building was constructed to allow the owner the flexibility to occupy the entire property or easily demise the building in half and lease out the remaining portion while offsetting ownership costs.

BUILDING FEATURES The building is equipped with two (2) 14-foot roll-up doors, ceiling heights ranging from 19 to 25 feet clearance, and two (2) restrooms.

GATED ENTRY The asset has a gated entry, with open parking and a yard area.

HIGH BARRIERS TO ENTRY The Honolulu industrial market has a lack of supply with a continuous record low vacancy rate of less than 1%. There is little to no new industrial inventory being built.

CONVENIENT SAND ISLAND LOCATION The site is in the Sand Island Industrial Park, about three miles from the Daniel K. Inouye International Airport and less than two miles from the Harbor depots. The location provides easy access to freely transport containers.