Cushman & Wakefield ChaneyBrooks is pleased to announce the SALE of 2184 Kalākaua Avenue, Honolulu, HI 96815. a premier single-tenant retail property located at the corner of Kalakaua Avenue and Lewers Street in Waikiki. The transaction, which closed on September 30, 2025, was represented by Steve Sombrero, President & Owner, and Senior Vice President Kohei Hakamada on behalf of the seller, Shoei Global, Inc.
At 2,910 square feet, the property achieved an exceptional $13,750 per-square-foot sale price, reaffirming Kalakaua Avenue’s status as one of the world’s most valuable retail corridors. The same property, also represented by CWCB, sold to Shoei in 2018 for $30 million – a $10 million increase in value over seven years.
Leased to Chrome Hearts, a leading American luxury brand, the property offers 209 feet of prime frontage and unmatched visibility in Waikiki’s high-traffic retail district. The off-market sale was completed directly with the tenant, timed to align with favorable currency exchange conditions and strong investor demand for Hawaii assets.
“This transaction reflects the continued strength of Hawaii’s retail investment market,” said Steve Sombrero, President and Owner of CWCB. “It demonstrates how strategic insight and trusted relationships create enduring value for clients and for Hawaii’s economy.”
To learn more about Cushman & Wakefield ChaneyBrooks and our Hawaii investment services, visit chaneybrooks.com.
