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1010 Kaili Street

$ 7,150,000.00

INVESTMENT HIGHLIGHTS
Stable Cash Flow from Long Term Ground Lease: The property is backed by a long-term ground lease through April 30, 2052, with Daisy Global Trading Co.

Easy-To-Manage NNN Investment: This NNN opportunity requires minimal oversight, as the ground lessee is responsible for most property expenses, including property taxes, insurance, and maintenance.

Property Improvements: The site is improved with (i) a 10,688-square-foot supermarket building with warehouse, (ii) a 3,500-square-foot retail building, and (iii) a 1,924-square-foot apartment building.

Signalized Corner Lot with Multiple Frontages & Access Points: This 24,760-square-foot corner site features street frontages along N. King, Kaili, and Hani Streets and multiple ingress/egress points from N. King, Kaili, and Hani Streets, facilitating convenient access and visibility.

Transit-Oriented Development (TOD) Zone: Situated within the Kalihi Transit-Oriented Development plan area, the property benefits from initiatives aimed at enhancing urban living through improved public transportation, increased walkability, and mixed-use developments.

Convenient Access Near Customer Base: The site offers easy access to the H-1 Freeway, ensuring seamless connectivity across Honolulu. Additionally, its proximity to established residential neighborhoods enhances customer traffic and workforce accessibility.

Basic Facts

Status: Type: Purchase Type: Fee Simple Area: 17753 sq ft
Lot size: 24760 sq ft Year built: 1963 Zoning: BMX-3

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Additional Resources

  • Fact Sheet
    • External Link: Property Website

    Anthony Provenzano

    • Executive Vice President

    Anthony Provenzano is an Executive Vice President with Cushman & Wakefield ChaneyBrooks, the oldest commercial real estate firm in Hawaii. Anthony is a top producer in the commercial real estate broker-age community and has earned several accolades for his success. Since Anthony joined Cushman & Wakefield ChaneyBrooks, he has consistently been the recipient of the Company’s #1 Broker of the Year award. With over 17 years of experience, he specializes in acquisitions and dispositions of commercial properties throughout the State of Hawaii. His in-depth knowledge of the Hawaii market has lead his clients to successfully complete transactions with a high level of certainty and confidence. Anthony has been successful in formulating strong relationships with owners, investors, developers and buyers of commercial real estate. His distinct expertise combined with his ability to clearly articulate market demands has lead him to represent a wide range of clients on an institutional, national and local level. Raised on Oahu, Anthony studied Finance with a focus on Real Estate at the University of Hawaii at Manoa Shidler College of Business. During his studies, Mr. Provenzano served on the Financial Management Association Board and continues his involvement as a mentor. Anthony holds a Hawaii Real Estate Broker’s license, as well as the Certified Commercial Investment Member (CCIM) designation where he previously served as Board President. He also recently was awarded his Society of Indus-trial And Office REALTORS® (SIOR) designation, a professional symbol of the highest level of knowledge, production and ethics in the real estate industry.

    • Licensed Real Estate Broker - State of Hawaii: RB-22101
    • Certified Commercial Investment Member (CCIM): Board Member, Past President (2017)
    • Society of Industrial and Office Realtors (SIOR): Member
    This listing is located in Honolulu, and is currently offered by Cushman & Wakefield ChaneyBrooks.