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Description

Standard Commercial is pleased to present the rare opportunity to acquire the fee simple interest in the Liliha Professional Building , a multi-tenant medical office building in a prime location in urban Honolulu, Hawaii. The Property consists of 36,603 square feet of gross leasable area which is currently 66% leased by seventeen tenants, and features ample parking with a total of 194 stalls. The offering presents a value-add investor with a great opportunity to acquire one of the few outpatient medical office buildings in urban Honolulu, with stable in-place cash flow and exception upside from increasing occupancy or completing a condominium conversion to fee simple medical office condos. Alternatively, an owner-user could occupy the vacant spaces and collect income from the tenants.

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© 2021 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Island Life Homes.

Licensed in the State of Hawaii, USA.
www.islandlifehm.com/homes/118431469
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1520 Liliha Street Honolulu, HI 96817

  • Price: $11,500,000
  • Status: Active
  • Updated: 79 min ago
  • MLS #: 202115778
0
Beds
0
Baths
0
½ Baths
1.23
Acres
1979
Built
Neighborhood:
Liliha
County:
Oahu
Area:
Metro
Elementary School:
Kauluwela
Middle School:
Kawananakoa
High School:
Farrington
Property Description
Standard Commercial is pleased to present the rare opportunity to acquire the fee simple interest in the Liliha Professional Building , a multi-tenant medical office building in a prime location in urban Honolulu, Hawaii. The Property consists of 36,603 square feet of gross leasable area which is currently 66% leased by seventeen tenants, and features ample parking with a total of 194 stalls. The offering presents a value-add investor with a great opportunity to acquire one of the few outpatient medical office buildings in urban Honolulu, with stable in-place cash flow and exception upside from increasing occupancy or completing a condominium conversion to fee simple medical office condos. Alternatively, an owner-user could occupy the vacant spaces and collect income from the tenants.
Exterior Features

Construction Materials Concrete BlockReinforced Concrete Loading Loading AreaPassenger Elevator Parking On SiteUnassigned Parking Total 99 Property Frontage Main Street Roof Other Stories 4-7

Interior Features

Cooling Central Ac Floors Concrete Sq Ft Other 1000 Sq Ft Total 37603

Property Features

Amenities Ada AccessibleAda CompliantSecurity Assessed Value Improvements 5216500.00 Assessed Value Land 9396700.00 Assessed Value Total 14613200.00 Building Name N/A Business Name Standard Commercial Llc Business Type Mixed UseOffice Disclosures Call ListorNon Resident Owner Documents Building PlansLease DocumentsOtherP&LSurveyTitle Search Easements DrivewaySewerUtility Expenses Source Owner Flood Zone Zone X Foreclosure YN No Income Source OtherOwner Land Recorded Regular System Land Tenure Fs - Fee Simple Lease Type CashExchange Listing Financing Triple Net Management Company Standard Commercial Llc Net Operating Income 582361.00 Property Condition Above Average Property Type 96817 Sewer Connected Special Sale Conditions None Tax Amount 15173.36 Tax Paid By Seller No Tax Year 2021 Tenant Pays Common Area MaintenanceElectricityExcise TaxFire InsJanitorial/Trash RemovalLiability InsReal Estate Taxes Utilities Available Light Electricity Year Established 1979 Zoning 32 - B-2 Community Business Dis

Listings provided courtesy of Standard Management Llc.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-08-05T21:58:48.65. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.


© 2021 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Island Life Homes.

Licensed in the State of Hawaii, USA.
 
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Island Life Homes
2243 Kauhana Street
Honolulu HI, 96816