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1520 Liliha St
Honolulu, HI 96817 Kalihi-Palama

$16,100,000 USD

Medical For Sale  •  40,296 SF

Property Details

  • Property Type Medical
  • Total Building Size 40,296 SF
  • Lot Size 1.23 AC
  • Building Class B
  • Year Built 1979
  • Tenancy Multiple
  • Zoning R-5
74 Transit Score
91 Walk Score

Highlights

ONE OF ONLY EIGHT MEDICAL OFFICE BUILDINGS in Honolulu which aren’t attached to a hospital campus
STABLE HISTORICAL OCCUPANCY | The Property previously averaged 94% occupancy for several yrs & consists of primarily long-term medical office tenants
VALUE-ADD OPPORTUNITY with upside through increasing rents and occupancy
RECENTLY REMEASURED TO CURRENT BOMA STANDARDS with the rentable area of the property now reflecting a 17.35% load factor
SUBSTANTIAL DISCOUNT TO REPLACEMENT COST based on a projected replacement cost of $600 per sf for new medical office buildings in Honolulu
FINANCEABLE ACQUISITION | Existing in-place cash flow allows an investor to obtain favorable financing terms

Property Flyers

Amenities

  • Bus Line
  • Reception
  • Partitioned Offices
  • Drop Ceiling
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Daniel K Inouye International 10 min - 5.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Ian Clagstone 808-208-8101 Standard Commercial LLC
Ian Clagstone 808-208-8101 Standard Commercial LLC