94-144 Leeole Street
94-144 Leeole Street Waipahu, Hawaii 96797
- 55,000 Square Feet
- For Sale For Lease
Opportunity to purchase a 55,000 square foot warehouse with loading docks on over two acres. This leasehold property has a near 40-year ground lease with a complete fixed ground rent schedule. Building has one national credit tenant with built out offices and individual loading docks whose lease expires 4/30/19, and one distribution tenant who just signed a 7 year lease at $1.15 psf NNN with annual increases. Perfect for an investor or an owner-user who wishes to enjoy rental income while they transition into a portion or all of the building.
Located just off Farrington Highway in Waipahu Industrial Area, only two blocks to the under construction West Loch Station.
Building Size: 55000 Square Feet
Area Available: 55,000 Square Feet
1-9-4-48-38 and 39
- Large warehouse unit with yard space
- Loading docks
- Fixed ground rent for nearly 40 years.
- Significant upside with current under-market rent
- Current NOI: $327,028