Commercial Asset Advisors

Office unit at Queen's Court is now available for sale in downtown Honolulu

Downtown Honolulu Commercial Real Estate for Sale – Hawaii Commercial Real Estate | Commercial Asset Advisors Fee Simple (FS) office condo in Queen’s Court. Conveniently located in downtown Honolulu, at the corner of Nimitz Highway and Bethel Street. The building is occupied by a mix of medical and professional businesses, as well as a childcare operator on the ground floor. Suite 403 is a 1,277 square fo...

Notable transactions recently closed in the City and County of Honolulu:

Kaimuki
3555 Harding Ave- $5,600,000 - 8,088sf office property purchased by Theodore Rachlin for nearly $700/sf

McCully
1210 Artesian St. - $2,800,000 – 7,621sf of land with 2 story office - Purchased by Chris Perry et al. for $550/sf. Great owner/user property.

Pearl City
98-316 Kamehameha Hwy - $3,999,999 – Leased fee interest sale of 13,888sf, B-2 zoned land with 2,436sf of improvements currently leased to 7-11 Hawaii.

SOLD! Former Koga Theater -
66-929 Kaukonahua St. · Waialua

One notable transaction recently closed in the City and County of Honolulu

Kapolei - 91-118 Kaomi Loop – A&B recently purchased this 1.86 acre industrial property from Pacific Allied Products for $9,475,000 ($338/sf on warehouse area). Interesting Note: approximately 40% is held in a single purpose entity ABP KAOMI INDUSTRIAL LLC and 60% is held in ABP KAOMI REVERSE INDUSTRIAL LLC.

Now available for lease at Kapolei Spectrum! https://www.caahawaii.com/2110-lauwiliwili-street/

Two deals recently closed in the City and County of Honolulu:

Ala Moana
704 Sheridan St - $3,500,000 – Tucked behind Walmart this property was purchased by Keith Chan for $795/sf on improved area.

Kapolei
91-509 Kapolei Kai St - $9,027,810 – Thomas Sorenson of Inspiration Furniture purchased this 4.14 acre of industrial land for $50/sf.

Four deals recently closed in the City and County of Honolulu:

Kakaako
1127 Hopaka St ∙ $8,150,000 – Multi-tenant industrial block in Kakaako; marketed as a redevelopment but will likely remain as-is.

Lower Kalihi
810 Bannister St ∙ $3,900,000 – Sam Hugh of Ham Produce and Seafood purchased for $410/sf.

Lower Manoa
2234 & 2220 S King St ∙ $6,374,690 – Recorded 10yr 4mo lease to parent company of Value Village Stores, TVI Inc. located at the Ross Store across from Old Stadium mall.

Waipahu
94-416 Ukee St ∙ $4,000,000 – Sold to owner users, We Painting, Inc. for $278/sf on improved area.

One recent transaction closed in the City and County of Honolulu:

Waianae McDonald's 85-770 Farrington Hwy -

Waianae Amusement Company LTD, sold the leased fee interest to McDonald's USA, the longstanding leasehold Tenant for $2,000,000.

Multi-family Sales Update Q1 2023

✔️ One notable commercial transaction closed last week in the City and County of Honolulu:
Kalihi - 2028 DILLINGHAM BLVD $2,800,000 – BMX-3 zoned retail strip center sold to DH Auto for $592/sf.

One notable commercial transaction closed last week in the City and County of Honolulu:
Waipahu - 94-350 Ukee St. - $4,900,000 – Warehouse purchased by the International Brotherhood of Electrical Workers, Local Union 1260 ($557/sf).