1781 Wili Pa Loop
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1781 Wili Pa Loop
5,958 SF Industrial Building Wailuku, HI 96793 £1,066,513 (£179/SF) 5.21% Net Initial Yield
Investment Highlights
- Turnkey office/warehouse building
- Excellent location in Mill Yard
- Credit tenant net lease
- Ample parking on site
Executive Summary
PRICE IMPROVEMENT! Priced at 5.21% Cap Rate! Excellent investment opportunity consisting of single tenant net lease to credit tenant. Tenant occupies the entire building with lease extending through December 31, 2032. This tenant is credit with long-standing operations in Hawaii and has been a staple in the community for many years.
The building consists of a three spaces; 2 warehouse bays and 1 corporate office. The corporate office consists of multiple window-lined offices, conference room, multiple restrooms and second floor office and storage. Both warehouses include private restrooms, roll-up door and personal door and fully paved concrete parking lot.
The building is located in Millyard Industrial Park in Wailuku, Maui. Kahului Airport is a short 5.7 miles and 15 minute drive and Kahului Harbor is a short 2.1 miles and 7 minute drive. Nearby attractions include Sam Sato’s Restaurant, Tamura’s Market and Tasty Crust Restaurant to name a few. Don’t miss out on this excellent investment opportunity with long term steady cash flow.
The building consists of a three spaces; 2 warehouse bays and 1 corporate office. The corporate office consists of multiple window-lined offices, conference room, multiple restrooms and second floor office and storage. Both warehouses include private restrooms, roll-up door and personal door and fully paved concrete parking lot.
The building is located in Millyard Industrial Park in Wailuku, Maui. Kahului Airport is a short 5.7 miles and 15 minute drive and Kahului Harbor is a short 2.1 miles and 7 minute drive. Nearby attractions include Sam Sato’s Restaurant, Tamura’s Market and Tasty Crust Restaurant to name a few. Don’t miss out on this excellent investment opportunity with long term steady cash flow.
Property Facts
| Price | £1,066,513 | Rentable Building Area | 5,958 SF |
| Price Per SF | £179 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 1989 |
| Net Initial Yield | 5.21% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.34/1,000 SF |
| Property Subtype | Warehouse | Level Access Doors | 2 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.27 AC |
| Price | £1,066,513 |
| Price Per SF | £179 |
| Sale Type | Investment |
| Net Initial Yield | 5.21% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 5,958 SF |
| Number of Floors | 1 |
| Year Built | 1989 |
| Tenancy | Single |
| Parking Ratio | 1.34/1,000 SF |
| Level Access Doors | 2 |
| Opportunity Zone |
Yes |
Amenities
- Signage
1 of 1
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2-3-4-020-030-0000 | Improvements Assessment | £410,805 |
| Land Assessment | £349,184 | Total Assessment | £759,990 |
PROPERTY TAXES
Parcel Number
2-3-4-020-030-0000
Land Assessment
£349,184
Improvements Assessment
£410,805
Total Assessment
£759,990
zoning
| Zoning Code | M-1 |
| M-1 |
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