445 Seaside Ave, Honolulu, HI 96815

Andy Kazama

PRO

HI RS-68575

Nathan Fong

HI RB-18123

Alika Cosner (S), SIOR

HI 69441

Listed by Colliers - Honolulu, Hawaii

Unpriced

1018 days on market

Updated 80 days ago

445 Seaside Avenue

Details

APN

1-2-6-21-26-2 1-2-6-21-26-3 1-2-6-21-26-5

Property Type

Retail, Multifamily (+1)

Sub Type

Apartment Building, Commercial

Units

Stories

Zoning

Apartment

Parking Spaces

291 spaces

Ownership

Fee Simple

Retail

Marketing description

The Island Colony Condominium project features a towering forty-three (43) story building designed with both functionality and elegance in mind. The ground floor welcomes residents and visitors with a spacious lobby, flanked by adjacent commercial apartments and select limited common elements. Above, three floors are dedicated to parking, providing approximately 291 parking stalls that include regular, compact, and tandem options.

Rising above the parking levels, a vibrant recreation and sun deck offers a retreat for relaxation and leisure. The residential section spans thirty-seven floors, each containing twenty meticulously designed apartments, making up a total of 740 residential units. Additionally, the complex includes five commercial apartments, enhancing the community with a blend of residential and commercial spaces.

Investment highlights

Commercial Unit #1 (SOLD) This apartment is on the first floor and consists of approximately 2009 square feet. The apartment consists of a hotel front desk, offices, and employees’ restrooms. Commercial Apartment 1 at all times shall include a clerk’s desk or counter with 24-hour clerk service and facilities for registration and keeping of records relating to hotel guests. The apartment is located in the Northern or Mauka-Ewa corner of the Project. The space is currently leased to Island Colony Partners.
Commercial Unit #2 This commercial unit sits in the center of the project and its intended use is to serve as a kitchen and restaurant or commercial facility. The single limited common element to this Commercial Unit is a large exhaust vent or smoke towers which extends from the second through sixth floors. Currently the space is vacant.
Commercial Unit #3 This commercial unit sits adjacent to commercial unit 2 in the entry way at Nohonani Street. With 3,000 sf of leasable area, the unit is separated into 3 commercial units which all have in place leases with Suite Dreamz Tattoo (3A), Keoni Jewelry (3B), HI Smart Car Rental (3C).
Commercial Unit #4 (SOLD) This commercial unit sits in the center of the project on the 6th floor and its intended use is to serve as a an cocktail bar and coffee shop or other commercial facility. Currently the commercial unit comprises of 4,113sf of leasable area and is separated into 2 commercial units which have in place leases with Island Colony Mini Mart and AOAO offices and meeting area.
Commercial Unit #5 This commercial unit is located on the third, fourth and fifth floors of the Island Colony and serves as the buildings parking area. The commercial unit comprises of 93,227 square feet of area with 291 parking stalls and is currently operated under a lease agreement with Elite Parking Services LLC.