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Storefront Retail Office For Sale • 30,503 SF
| Marquee location with unmatched visability from Queen Ka'ahumanu Highway (State Hwy. 11) over 50,000 passing per day. |
| Planet Fitness with over 7 years remaning with 12% rent increses every four years and 3, 5-yr extensions is one of the tip franchisees in the chain. |
| High quality building provides Class A office space unmatched in the Kailua-Kona market. Some offices feature sweeping coastline and ocean views. |
| Recent renewals of leases by tenants shows considerable commitment to the property. |
| Ground lease has 34 years remainng with 14 years known rent and increases based on 7.5% of appraised land value three remaining lease periods. |
| Cap Rate: | 10.02 % |
| Total Expenses: | $590,688 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Anderson's Wealth Planning | 2,454 SF | 6/30/2028 |
| Burrill CPA | 1,875 SF | 5/31/2026 |
| Fidelity National Title | 1,673 SF | 6/14/2030 |
| Haitsuka Degele LLP | 1,208 SF | 10/31/2027 |
| Hawaii Island Sober Living | 652 SF | 10/31/2026 |
| Hawaiian Affairs Office | 1,001 SF | 9/15/2025 |
| Impact Wealth of Hawaii | 1,126 SF | 6/30/2026 |
| Office of the Public Defender | 2,532 SF | 5/15/2026 |
| Planet Fitness | 15,648 SF | 12/3/2028 |
| ProService Hawaii | 2,332 SF | 6/30/2029 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Ellison Onizuka Kona International at Keahole | 18 min | - | 8.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 72 |
| Type: | Surface |
| Included in Rent: | Yes |
Joel LaPinta
Joel K. LaPinta, CCIM
Joel LaPinta
Joel K. LaPinta, CCIM
