Standard Commercial LLC

🏨 FOR SALE 🏨
Manago Hotel
82-6151 Hawaii Belt Rd
Hotel Captain Cook, HI 96704

64 Room Hotel
$7,500,000 USD ($117,188 USD/Per Room)
13.17% Cap Rate

INVESTMENT HIGHLIGHTS
▪️Unbranded hotel with flexible management options
▪️ Multiple underutilized spaces provide opportunities for conversion
▪️ Opportunities to boost revenue through strategic partnerships
▪️ Significant potential to elevate Average Daily Rate (ADR)
▪️ Potential to expand the commercial laundry area
▪️ Untapped potential in utilizing abundant vacant land

Listed exclusively with Standard Commercial by Ian P. Clagstone (B) and Matthew J. Raff (S)

For more information, please visit www.managohotelsale.com

Ian P. Clagstone (B)
✉️ [email protected]
📞 808-208-8101

Matthew J. Raff (S)
✉️ [email protected]
📞 808-208-8102

🏙️ ! JUST LISTED ! 🏙️

Standard Commercial is pleased to offer a prime owner-user opportunity at 1079 - 1085 South Beretania Street. This fee simple property includes 12,860 square feet of warehouse, office, and retail space across two buildings, situated on 10,926 square feet of BMX-3 zoned land in Honolulu. Currently fully leased to Goodwill Industries of Hawaii Inc., the tenant plans to vacate by December 2024, or potentially sooner. The property features renovated office space, functional warehouse space with three roll-up doors, ample retail exposure on Beretania Street, and on-site parking. Address also known as 1049 Wong Ho Lane. Ideal for an owner-user seeking a mixed-use investment in urban Honolulu.

Listed By:

Ian P. Clagstone (B)
📩 [email protected]
📲 808-208-8101

Shelby Kihara (B)
📩 [email protected]
📲 808-208-8110

🏢 Another apartment SOLD! 🏢Excellent work on your recent multifamily sale,

Need multifamily advising services in Hawaii? Reach out to multifamily expert Matt Raff below 👇
📞 808-208-8102
📩 [email protected]

🌟 JUST LISTED! 🌟 The offering presents a unique opportunity to acquire the interest in a significant portion of Agricultural-1 (AG-1) zoned land at Kunia Loa Ridge Farmlands. This property, spanning 435,600 square feet, boasts an advantageous site, considerable size, and a prime location, making it highly appealing for farmers in the community.

✅ Offered for $2,900,000

Listed by:
Shelby Kihara (B)
✉️ [email protected]
📞 808-208-8110

Ian P. Clagstone (B)
✉️ [email protected]
📞 808-208-8101

For more information, please reach out to Shelby Kihara (B) - [email protected] / 808-208-8110 or Ian P. Clagstone (B) - [email protected] / 808-208-8101

SOLD! ⛽️⛽️⛽️ Excellent work by Ian on selling 1950 Kalihi Street! This was an incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long-term absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, Inc. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare.

Sold by Ian P. Clagstone (B) of Standard Commercial.

Congratulations to and for being recognized in Pacific Business News - Book of Lists! 🎉 The Book of Lists is the most comprehensive data of the largest and most influential commercial real estate players defining Hawaii’s local economy. Ian and Matt had not only one, but THREE rankings for biggest commercial real estate transactions of last year! Making both the top 20 and top 10 of all transactions in the state. Excellent and great work, guys! 👏

Congratulations to our client for signing Marr Jones & Wang, a prominent local law firm devoted exclusively to labor and employment law matters.  Standard Commercial’s Kathleen Okubo and Sarah Ikioka represented the landlord, and SC’s Linda Gee represented the tenant.

✨ NEW MULTIFAMILY LISTING ✨

20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate. Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!

Listed at $8,350,000
MLS # 202403457
Listed by Ian P. Clagstone (B) and Matthew J. Raff (S) of Standard Commercial

For more information, call 808-208-8100.

🎉NEW LISTING 🎉

Discover the potential of 18 one-bedroom units near Ala Moana, each with 29 parking stalls! Proforma 5.6% cap rate at market rents. Current average rents are $1,183, below market, all month-to-month. Units are 491 SF, in original condition, allowing value addition through renovations. Features private lanai, some with a sink, and mauka views. Covered parking garage, secure laundry room, and landlord storage on-site. Separate metering for electricity, mature landscaping. Walking distance to Walmart and Ala Moana Shopping Center. Ideal for investors seeking immediate returns and future growth.

Listed by Matt Raff of Standard Commercial.

For more information, email [email protected] or call 808-208-8102.

Starting off the new year… CELEBRATING 10 YEARS! 🎇Standard Commercial is proud to be providing commercial real estate services in Hawaii successfully for a decade! Mahalo to our local, national, and global clientele. Here’s to the next ten years of setting the standard in Hawaii commercial real estate! 🎉

#10

Introducing our president, Ian Clagstone.

An active investment sales broker, Ian has a significant portfolio of multifamily, industrial, and office building transactions totaling $400 million in recent years.

Additionally, Ian has acted as a principal and lead in joint venture acquisitions and dispositions totaling over $40 million in the past 6 years.

Ian was recognized by the national publication, Globe St., as one of its Fifty Under 40 influential figures in the commercial real estate sector for 2023, and was named as one of the Forty Under 40 business leaders in Hawaii by Pacific Business News in their 2014 class.

Raised in Honolulu, Ian was educated at Punahou School and received a Bachelor of Business Administration degree in Finance and Marketing from the University of Hawaii Shidler College of Business.

JUST CLOSED! Thrilled to announce the successful sale of this apartment building in Makiki. Congratulations, Ian and Matt! 🌆🔑

Introducing our Executive Vice President - Linda Gee 👏👏👏

In 2013, Linda cofounded Standard Commercial to focus on providing advisory services in all aspects of commercial real estate to local, national and international institutional clients and private investors. Standard Commercial has ranked among the top 10 commercial real estate firms in Hawaii since its formation.
Linda has been designated a Certified Property Manager (CPM) by the Institute of Real Estate Management and is an affiliate Certified Commercial Investment Member, a past President of IREM’s Hawaii Chapter, and a licensed Hawaii real estate broker. She is also a member of the Lambda Alpha International Society for the Advancement of Land Economics, is a long-time supporter of Palama Settlement, having served on its Board of Trustees, and is a member of the YMCA of Honolulu Board of Directors.

Standard in the News 🗞️ Thank you to Pacific Business News for the great coverage on our recent sales! Congratulations again to Matt and Ian. 👏

Congratulations to Ian Clagstone and Matt Raff on the successful sale of 421 & 425 Seaside Avenue! 🙌🎉

Looking to sell your apartment building? Contact Matt Raff or Ian Clagstone at 808-208-8100.

Congratulations to Ian and Matt 🎉🏆

We are thrilled to announce that Matt and Ian have been recognized as the winners of the prestigious CoStar Power Broker Quarterly Deals award! 🏅🌟 Their hard work, dedication, and exceptional skills have earned them this well-deserved recognition.

Great job guys! 🎉

🌠 Meet Sarah - a rising star in our Leasing Division! 🌠

🏢 Prior to joining brokerage, Sarah excelled in property management, providing operational support in vendor oversight, construction management, property accounting, monthly reporting, and residential property leasing. She worked collaboratively with our commercial property leasing agents, showcasing her exceptional teamwork skills.

🌺 Born and raised in Wailuku, Maui, Sarah's journey has taken her from Kamehameha Schools to the University of Redlands in California, and finally to Hawaii Pacific University, where she earned her BS in Business Administration with an emphasis in Accounting. 🎓 Along the way, she was a four-year scholar-athlete and a key player on both universities' nationally ranked women's tennis teams, earning the prestigious All-America designation. 🎾

💼 Sarah is not only a licensed Hawaii real estate salesperson but also a current Certified Commercial Investment Member (CCIM) candidate. She's actively pursuing her CCIM designation, further solidifying her expertise in the field.

🙌 Join us in celebrating Sarah and her commitment to excellence!

If you own a business or a commercial building and are looking for leasing representation, reach out to Sarah by:
📞808-208-8105
📩 [email protected].

🌟 Introducing Michael Okamoto, Senior VP of Standard Management! 🌟

✅ With extensive experience and knowledge, Mike brings unparalleled expertise and leadership to our property management team.

📍Previously, Mike served as the Senior VP for Sofos Realty Corporation, overseeing property management operations and directly managing a portfolio of properties. He was also the VP of Asset Management for Avalon Commercial, responsible for all asset management activities and commercial brokerage oversight.

📍Mike began his career at Trinity Property Consultants/Red Tail Acquisitions, advancing from Property Coordinator to Real Estate Manager and Area Manager. He oversaw property management, leasing, and construction management for a diverse portfolio.

📍A graduate of Punahou School and the University of Colorado at Boulder, Mike holds a real estate broker's license in Hawaii and is a Certified Commercial Investment Member (CCIM) designee. He has been recognized as one of Pacific Business News' Top Forty Under 40 for 2020.

Looking for an experienced property management team? Contact Mike at:
📲 808.208.8107
💻 [email protected]

Meet our Vice President, Kathleen Okubo! As a lead leasing agent for our landlord representation portfolio, Kathleen plays a pivotal role in shaping our leasing division’s success and ensuring client’s satisfaction.

▪️ Kathleen represents national and international tenants in the leasing of their Honolulu retail and office locations.

▪️ Current and past clients include The Boeing Company, TonyMoly, and NTT DoCoMo, to name a few.

▪️ Fluent in Korean, Kathleen has also served as a real estate advisor to numerous Korean companies and individuals in their acquisition, disposition, and leasing of commercial real estate in Hawaii.

▪️ Kathleen is active in Hawaii’s political and business community, which has allowed her to establish relationships with various community leaders and governmental regulators.  

▪️ She is a current Certified Commercial Investment Member (CCIM) candidate and is pursuing a CCIM designation.

If your looking for landlord or tenant leasing representation, contact Kathleen at (808) 208-8104.

🔑 NEW LISTING 🔑

to on his newest apartment building listing! 👏

🏢 This 100% occupied, turnkey property consists of 11 units in 3 buildings and underwent major interior and exterior renovations in 2022.

🏢 Significant upgrades to all utilities, new roof and gutter systems, all new stainless steel appliances, new cabinets, vanities, faucets and fixtures, newly tiled walk-in showers, installation of LVT flooring throughout, newly paved and lined asphalt parking lot, new vinyl fencing around the perimeter with a steel rolling gate on the side and a steel security gate at the entrance, upgraded steel railings, new entry, interior, and security screen doors, new landscaping, upgraded signage, as well as interior and exterior paint.

🏢The four 2-bedroom units in the 2-story back building which is concrete on bottom and wood on top were upgraded with all new dual-pane glass vinyl windows, new fan systems, insulation in the ceilings and demising walls, and each unit boasts individual stacked Samsung washer-dryers located on either the balconies or large fenced back patios.

🏢The six 1-bedroom units in the 2-story concrete front building include upgraded louver systems with window AC units in the bedrooms and living rooms.

🔅Listed at $4,295,000🔅

Call Matt for more information, 808-208-8102 📞

Besides being the apartment building broker in Hawaii, Matt Raff is also our Senior Vice President! 🚀

💫 In recognition of successfully completing several of the largest and most complex transactions in the Hawaii market, Matt has received CoStar’s Power Broker Award for being among the top agents in Hawaii several times.

💫 Matt’s expertise was further acknowledged upon his being asked to share his outlook on the Honolulu market as a main speaker at the annual CCIM/IREM Commercial Real Estate Forecast, and his being named to Pacific Business News’ 2017 Class of Forty Under 40.

💫 Matt was one of the youngest people in Hawaii to earn the distinctive Certified Commercial Investment Member (CCIM) designation and has served on the Board of Directors of the CCIM Hawaii Chapter as the Candidate Guidance member.

💫 Raised in Hawaii, Matt holds a Bachelor of Business Administration degree with a concentration in commercial real estate from Colorado State University’s Everitt Real Estate Center. Matt currently serves on the Board of Trustees of Montessori Community School.

💫 If you are looking for an apartment building to buy or sell, contact Matt at 808-208-8100 or email [email protected]

🚨NEW LISTING! 🚨
Incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long- term absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, LLC (“Par Hawaii”). Par Hawaii operates over 90 retail locations in Hawaii under the Hele, 76, and nomnom brands, in addition to an oil refinery which provides fuel to the islands. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare. There is a clean environmental report as well.

Offered for $2,030,000

Listed by Ian P. Clagstone of Standard Commercial.

Call 808-208-8100 for more information.

Congratulations to on being recognized as one of Globe St’s Fifty Under 40 in Commercial Real Estate! GlobeSt.com is a national commercial real estate publication and Ian was selected as one of the top professionals nationwide! 🏆🏆🏆

NEW LISTING 📣📣📣

Congratulations to Matt Raff on his newest apartment building listing! The offering presents an exceptional opportunity for an investor to purchase an all concrete 16-unit apartment building in Waikiki.

For more information, contact Matt at 808-208-8102.

🛍️🍔🛒 Meet our leasing team for Waimalu Shopping Center. Centrally located retail and office multi-tenant complex that offers a premier shopping and dining destination for residents and visitors alike. Conveniently situated on Kamehameha Highway, Waimalu Shopping Center is home to many well-known local vendors such as Shiro’s Saimin, Kabuki Restaurant, Kapiolani Coffee Shop and Palama Supermarket.

PROPERTY HIGHLIGHTS:
- Ample customer and tenant parking
- EV charging stations
- Great dining options
- 24/7 On-site security
- Excellent Kam Highway visibility with bus stop right in front
- Multiple entrances from Hekaha and Kanuka Streets

For more information and suite availability, contact Linda A. Gee at 808-208-8108 or Sarah Ikioka at 808-208-8105.

🏢 Exciting new co-listing of Kulana Hale! The offering presents a rare opportunity to own a 190-unit affordable housing community for seniors.

For more information, contact 808-201-8100. Listed by Brandon Grisham and Adam Tomberg of Berkadia. Co-listed by Ian P. Clagstone of Standard Commercial.

Introducing our newest team members, Regina and Gaylen! Regina and Gaylen will be joining our property management division as Property Manager and Property Coordinator, respectively.

We are excited to welcome you to Standard Commercial, Regina and Gaylen!

If you are a commercial or multifamily property owner and are looking for property management services, please contact our office 808-208-8100.

Meet our leasing team for Finance Factors Center! Kathleen Okubo and Sarah Ikioka are actively working with businesses to accommodate their space needs at this iconic downtown building.

If you are looking for office or retail space in Honolulu, reach out to Kathleen at 808-208-8104 or Sarah at 808-208-8105.

and in the news!!! 📣📣📣 Mahalo !