94-144 Leeole Street

94-144 Leeole Street Waipahu, Hawaii 96797

  • 55,000 Square Feet
  • Industrial
  • For Sale For Lease

Summary Description

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

Zoning

I-2

TMK

1-9-4-48-38 and 39

Features:

  • 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

Property Experts

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