For Sale or Lease > Industrial Property

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. 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. 25,000 square feet of warehouse space is available now for occupancy.

Located just off Farrington Highway in Waipahu Industrial Area, only two blocks to the under construction West Loch Station.

Building Size: 55,000 Square Feet

Area Available: 55,000 Square Feet

Features:

• Large warehouse space on over 2 acres with yard space.
• Fixed ground rent for 40 years. Perfect for owner-user or investor
• Loading docks.
• 8% net present value using $1.10 PSF proforma rents with 2.5% increases at 5.85m using 6% V and C