1126 12th Avenue
1126 12th Avenue is a three-story, mixed-use retail and office building in the heart of Honolulu’s Kaimuki neighborhood. The property boasts 9,523 square feet of leasable area and a high occupancy rate of 96%. The site does not offer any on-site parking, however the rear of the building has direct access to a municipal parking lot, a common setup in this bustling area.
The asset is located in the charming Kaimuki neighborhood, an area known for its vibrant, local atmosphere and a mix of eateries, boutiques, coffee shops, and small businesses. Kaimuki is a popular spot among residents and visitors for its proximity to Waikiki and downtown Honolulu, while offering a quieter, community-centric experience.
INVESTMENT HIGHLIGHTS
OWNER-USER OR MAJOR TENANT OPPORTUNITY WITH BUILDING NAMING RIGHTS – This property offers a unique owner-user or major tenant occupancy opportunity, allowing for significant operational control and customization of the space. Additionally, the future owner has the option to secure building naming rights, enhancing brand visibility in the high-traffic Kaimuki neighborhood.
VALUE-ADD OPPORTUNITY WITH UPSIDE POTENTIAL – With strong occupancy, below-market rents, and potential for GLA expansion, this is a rare investment opportunity in a prime location.
HIGH DEMAND, LIMITED SUPPLY IN KAIMUKI – Kaimuki’s thriving retail and office market is marked by high demand and limited supply, making available space a rare find. This strong demand, coupled with the neighborhood’s limited commercial inventory, positions 1126 12th Avenue as a valuable investment opportunity with significant potential for rent growth and occupancy stability.
PRIME LOCATION IN HIGHLY DESIRABLE KAIMUKI NEIGHBORHOOD – Situated in the sought-after Kaimuki neighborhood, this property offers prime positioning just off Waialae Avenue on 12th Avenue. Known for its renowned local chefs, popular eateries, and unique boutique shops, Kaimuki is a vibrant area with strong community appeal, making this an ideal location for retail and office tenants alike.
RARE OPPORTUNITY – FIRST TIME ON MARKET IN OVER 50 YEARS – This property is being offered for sale for the first time in over 50 years, presenting a unique opportunity to acquire a legacy asset in Honolulu’s desirable Kaimuki neighborhood.
CONVENIENT ACCESS TO PUBLIC PARKING – The property benefits from direct access to an adjacent public parking lot, providing convenient parking options for tenants and customers. This feature is particularly valuable in Kaimuki, where parking is limited, enhancing the appeal and accessibility of the building for both retail and office tenants.
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- Senior Real Estate Advisor
Mr. Fasi is a Senior Real Estate Advisor with Cushman & Wakefield ChaneyBrooks specializing in real estate investments and multifamily sales. He advises his clients (local, national, foreign-owned corporations and private investment trusts) on the acquisition and disposition of real property throughout Hawai‘i involving Hotel, Land, Multi-family, Retail, and Office. Utilizing his network of property owners, attorneys, and outside brokers, he finds off-market opportunities for his clients - matching qualified buyers with motivated sellers, resulting in quick and efficient sales transactions. Mr. Fasi’s also specializes in retail brokerage representing both Landlords and Tenants. He consults with his clients on all aspects of the leasing process including site selection, tenant-mix analysis, lease valuations, lease negotiations, lease renewals and assignment of leases. A true believer in the team approach, Mr. Fasi partners with other agents in his office on most leasing and sales assignments to better service his clients’ needs.
- Licensed Real Estate Salesperson, State of Hawaii: RB-17369
- (808) 544-1600
- sfasi@chaneybrooks.com
