LIST PRICE:
$14,588,000

CAP RATE (YEAR 1):
8.50%

TOTAL BUILDING AREA:
±52,037 SF

OWNERSHIP TYPE:
Leasehold
FEATURED LISTING:
MAUNAKEA MARKETPLACE
1120 Maunakea Street, Honolulu, HI
INITIAL BIDS DUE THURSDAY, JUNE 14TH
 
INVESTMENT HIGHLIGHTS
 
• Pride of Ownership Investment – Maunakea Marketplace is a 52,037 SF retail investment located in the heart of Honolulu’s robust Chinatown with tremendous notoriety and day time visibility along Maunakea St. with nearly 20,000 pedestrians passing the property per day
 
• Improving Returns – Due to lease up of vacant space (6,293 SF) and embedded rental increases, the Net Operating Income is projected to increase more than $685,800 (55%) over 10-years, enhancing returns and providing a strong hedge against inflation
 
• Point of Destination Location – Roughly 15 minutes west of Waikiki, Oahu’s most popular collection of tourist destinations and hotels including The Modern Honolulu, Duke’s, Sheraton Hotel, Hilton Hotel, Marriott Resort & Spa, Hyatt Place, Hale Koa Hotel, Moana Surfrider, Outrigger Beach Resort, The Royal Hawaiian, Embassy Suites, Halekulani Hotel, Alohilani Resort, Trump International Hotel, Aston Beach Hotel, Louis Vuitton, Christian Dior, Saint Laurent, Tiffany & Co, Chanel, Gucci, Michael Kors and many more
 
»
 		 More than 28,400 hotel rooms within 3.5 miles of The Maunakea Marketplace catering to some of the most affluent travelers in the US and from abroad
 
• High Tourist Destination – Oahu is the most-visited island in Hawaii with 5.6 million visitors/year (1.4 million from Japan) with tourist expenditures exceeding $7.3 billion
 
• Significant Discount to Replacement Cost – At the anticipated pricing, Maunakea Marketplace will trade well below its estimated replacement cost of approximately $500 PSF (improvements only)
 
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
FOR MORE
INFORMATION
PLEASE CONTACT:
 
+1 808 791 5722
 
*MATTHEW G. BITTICK (B), SIOR, CCIM
HI Lic: RB-19143
1003 Bishop Street, Ste 1800
Honolulu, HI 96813		*This listing will be sold through the Hawaii licensed real estate agent/broker. All questions, comments or other communications should be directed to Matthew G. Bittick.
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