Like Like Plaza

The Offering
Cushman & Wakefield ChaneyBrooks is proud to present for sale Like Like Plaza, a 21,303 square foot retail center located within the Ala Moana area in urban Honolulu. The U-shaped building is a mix of single and 2-stories surrounded by a large parking lot with vehicular ingress/egress access points from three different streets.
This offering is an exceptional opportunity for an owner-user to occupy the restaurant space as the new anchor for the center or a developer to redevelop the 1.08 acre site into a mixed-use or pure residential project. Due to its close proximity to the future Ala Moana Rail Station, the Property falls within the Ala Moana Neighborhood TOD Plan which proposed an increased density of 5.0 FAR and a 350-foot height limit.
The Plaza is centrally located on Oahu just 2 blocks from Ala Moana Center, the world’s largest open-air shopping center with 2.4 million square feet of retail space. Like Like Plaza enjoys a mixed blend of local and tourist demographics and has over 180 linear feet of street frontage along major thoroughfare, Keeaumoku Street, with over 33,000 cars passing by the Property daily. The Property sits centrally within the Ala Moana Area/Kapiolani Corridor which is at its height of gentrification with four current redevelopments and ten planned redevelopments of properties into high-rise condominium towers and hotels.

Basic Facts

Status: Type: Purchase Type: Fee Simple Area: 21303 sq ft
Lot size: 1.08 acres Year built: 1961/1963 & 1994 Zoning: BMX-3

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Additional Resources

  • Fact Sheet
  • External Link: Property Website
    • 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.