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31097988
31097987

75-5580 Kuakini Hwy, Kailua-Kona, HI 96740 For Sale

Colliers - Honolulu, Hawaii
Listed by Colliers - Honolulu, Hawaii
$7,600,000
123 days on market
Updated 123 days ago
Opportunity zone

West Hawaii Today Building

Details
APN (3) 7-5-5: Parcel 90
Property Type Retail, Land
Sub Type Commercial
Square Footage 24,676
Cap Rate 6.19%
Lease Type NNN
Lease Expiration 03/30/2028
Year Built 1992 / 1993
Stories 1
Acreage 2.540
Zoning CV-10
Parking Spaces 66 spaces
Parking per 1,000 SqFt 2.67
Lease Commencement 10/31/2017
Rent Commencement 10/31/2026
Ownership Fee Simple

Retail | 6.19% CAP | 24,676 SqFt

Marketing description

Colliers International is pleased to offer the fee simple interest in the land, and a reversionary interest to the building currently occupied by Oahu Publications, Inc., Hawaii’s largest media and print service company. The subject property houses the headquarters and publication plant for West Hawaii Today and provides the main source of local news to businesses and the community residing in West Hawaii. In addition, the facility accommodates various other print and digital media functions to the business community at large. The property is situated at the corner of Kuakini Highway and Kona Bay Drive in the heart of downtown Kailua-Kona, just minutes away from shopping, dining and entertainment. The property consists of 110,642 square feet of fee simple land leased on a long term basis to West Hawaii Today’s parent company, Oahu Publications, Inc.

The single story main facility was constructed in 1992 and consists of a 24,676 square foot multi-purpose office and production plant constructed of masonry and wood-framing and contains abundant parking and loading on a landscaped surface lot surrounding the main facility.

Investment highlights

  • Single Tenant Net Lease
  • Leased Fee Interest
  • Located in the heart of Kailua-Kona
  • Renowned Tourist Destination
  • Excellent Redevelopment Opportunity
  • Minimal Oversight and Management

Listing Contacts

Colliers - Honolulu, Hawaii
Listed by Colliers - Honolulu, Hawaii

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