1160 N. King Street

$ 4,745,000.00

Cushman and Wakefield Chaney Brooks is pleased to present the Salem Media Center for sale as a fee-simple, sale-leaseback opportunity. Salem Media, founded in 1974, is publicly traded on the NASDAQ and will sign a ten-year lease providing an investor with a long-term stable cashflow projection. This two-story office/retail building is conveniently located adjacent to the Kalihi properties of major landowner, Kamehameha Schools, which has plans for a major, master-planned development to compliment the future light rail station.

Basic Facts

Type: Purchase Type: Fee Simple Area: 17926 sq ft Lot size: 11331 sq ft
Year built: 1931, Renovation 2006 Zoning: BMX-3

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  • Senior Vice President

Ryan Sakaguchi is a Senior Vice President of Cushman & Wakefield ChaneyBrooks, specializing in sales and strategic re-positioning of commercial real estate investments in Hawaii. Mr. Sakaguchi began his professional career in public accounting. After acquiring his CPA license in 1996, he worked in the private sector in various managerial roles. Through an extraordinary opportunity to start up a real estate investment company in Tokyo, Mr. Sakaguchi launched his career in commercial real estate. Over the past 20 years, Mr. Sakaguchi completed more than 159 investment and lease transactions with a deal consideration topping $1 billion. Through these experiences, Mr. Sakaguchi has developed an in-depth knowledge in all commercial sectors of real estate including retail, industrial, multifamily, office and land categories while representing private investors, family partnerships, owner-users and institutional buyers. Some of his major Transactions are: • Maile Skycourt | Hotel | Disposition • Loves Bakery | Industrial | Acquisition • Maui Lani Village Center | Industrial | Project Sales • R&C Tours | Office | Disposition • Kapolei Lofts | Multifamily/Retail | Leasing & Disposition • Hilo Medical Office | Medical | Disposition • Dole Foods | Land | Disposition • Lex Brodies | Retail | Leasing • Isenberg Portfolio | Mixed Use Family Portfolio | Consultation & Disposition • Mariners Alley | High Street Retail Center | Acquisition • Palms of Kilani | Multifamily | Disposition • Burger King Lihue | STNL Retail | Disposition • CICO Warehouse | Industrial | Condo Conversion & Disposition

  • Licensed Real Estate Broker, State of Hawaii: RB-20653
  • Licensed Real Estate Salesperson, State of Hawaii: RS-64677
  • Certified Public Accountant: CPA-3370
  • (808) 544-1829
  • rsakaguchi@chaneybrooks.com
This listing is located in Honolulu, and is currently offered by Cushman & Wakefield ChaneyBrooks.