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94-974 Pakela St - Waikele Business Center

3,085 SF Light Industrial Unit Offered at £1,961,025 in Waipahu, HI 96797

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Investment Highlights

CAP RATE 5.4%
Units 1 and 2 to be sold together.

29,994 Square Feet of Land.

Executive Summary

Units 1 and 2 to be sold together. Unit #1 consists of two (2) buildings and two (2) mini storage bunkers and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and is estimated to be 15,052 square feet. Any cost to make additional parking is a Buyer’s expense. Unit #2 consists of Waikele Community Association (“WCA”) office building and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by a survey and estimated to be 13,353. Any cost to make parking is at Buyer’s expense. Rented to current tenant Waikele Community Association for 5 years starting July 1, 2024 – June 30, 2029.

Property Facts

Price	£1,961,025	Building Class	C
Unit Size	3,085 SF	Number of Floors	1
No. Units	1	Typical Floor Size	3,085 SF
Total Building Size	3,085 SF	Year Built	1940
Property Type	Industrial (Unit)	Tenancy	Single
Property Subtype	Warehouse	Lot Size	0.64 AC
Sale Type	Investment	Parking Ratio	2.59/1,000 SF

Price	£1,961,025
Unit Size	3,085 SF
No. Units	1
Total Building Size	3,085 SF
Property Type	Industrial (Unit)
Property Subtype	Warehouse
Sale Type	Investment
Building Class	C
Number of Floors	1
Typical Floor Size	3,085 SF
Year Built	1940
Tenancy	Single
Lot Size	0.64 AC
Parking Ratio	2.59/1,000 SF

1 Unit Available

Unit 1&2

Unit Size	3,085 SF	Sale Type	Investment
Price	£1,961,025	Net Initial Yield	5.40%
Price Per SF	£635.66	NOI	£105,895.35
Unit Use	Light Industrial	No. Parking Spaces	8

Unit Size	3,085 SF
Price	£1,961,025
Price Per SF	£635.66
Unit Use	Light Industrial
Sale Type	Investment
Net Initial Yield	5.40%
NOI	£105,895.35
No. Parking Spaces	8

Description

Sale Notes

CAP RATE 5.4%. Unit 1 & 2 are to be sold together. Easy access to H-1 East or West just minutes away. Unit #1 consists of two (2) buildings and two (2) mini storage sheds and some surrounding land which can be used for landscaping and/or parking. Amount of surrounding land was determined by survey and is estimated to be 15,052 sf. Unit #2 consists of Waikele Community Association (WCA) office bldg. and some surrounding land which can be used for landscaping and or/parking. Amount of surrounding land was determined by a survey and estimated to be 13,353 sf. Tax assessments are rough estimates. Rented to current tenant, Waikele Community Association for years starting 7/1/2024.

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