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West Hawaii Today Building

$ 6,500,000.00

Cushman & Wakefield ChaneyBrooks is pleased to offer for sale the leased fee interest in the West Hawaii Today building, located at 75-5580 Kuakini Highway, Kailua-Kona, on the island and State of Hawaii. The 2.54-acre corner site has street frontage along the major thoroughfare, Kuakini Highway and Kona Bay Drive. The single-story building is approximately 24,676 square feet of gross building area and is currently used as a publishing office and industrial printing facility for West Hawaii Today, a daily broadsheet newspaper and the main source of local news to the West Hawaii community. The surface parking lot contains 66 parking stalls, including 2 ADA stalls.

INVESTMENT HIGHLIGHTS
STABLE CASH FLOW FROM STRONG CREDIT TENANT
The Property is ground leased to Oahu Publications Inc., a subsidiary of Black Press, the Canadian publishing company. The site is home to West Hawaii Today, the main source of local news to the West Hawaii community, also providing national and international coverage.

SINGLE TENANT NNN LEASE
This investment is a highly coveted single tenant, net leased opportunity thereby minimizing the owner’s management and oversight. The asset is leased through October 2036.

CONVENIENT CORNER LOCATION ON HIGHLY TRAVELED ROAD
The West Hawaii Today building is located on the corner of Kuakini Highway and Kona Bay Drive, among the residential and densely populated resort trade areas with high income demographics. The property is located just outside of Downtown Kona, across the street from the new Kona Brewing development.

Basic Facts

Status: Purchase Type: Leasehold Area: 24676 sq ft Lot size: 2.54 acres
Year built: 1992 Zoning: CV-10, Village Commercial

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Additional Resources

External Link: Property Website

Anthony Provenzano

  • Senior Vice President

Anthony Provenzano is a Senior 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 con-sistently been the recipient of the Company’s #1 Broker of the Year award. With over 15 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 cer-tainty 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. Born and 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 Kailua-Kona, and is currently offered by Cushman & Wakefield ChaneyBrooks.