374 Kalaimoku St, Honolulu, HI 96815

This offering represents a rare opportunity to acquire a modernized, fee simple, two-level 201-stall parking condominium plus an additional 35 potential valet spaces, located within the newly redeveloped Marriott Vacation Club Waikiki on world-renowned Kalakaua Avenue. The parking condominium is accessed via a single, controlled vehicle ingress/egress point from Kalaimoku Street, providing efficient circulation and operational control. Situated in the heart of Waikiki, one of Hawaii’s most supply-constrained and high-demand submarkets, the Property benefits from exceptional visibility and built-in demand generated by surrounding hotels, luxury retail, restaurants, beaches, and high-density residential development.

The Property generates approximately $1 million in annual net operating income, delivering stable in-place cash flow with clear upside potential through rate optimization, monthly contract parking expansion, valet growth, and demand-based pricing strategies. Parking assets of this scale are exceptionally rare in Waikiki, particularly those available for individual fee simple ownership. Supported by strong tourism fundamentals, high barriers to new development, and sustained commercial activity, this offering presents an ideal opportunity for private capital, family offices, or 1031 exchange buyers seeking a resilient, low-management asset in one of the most proven hospitality-driven markets in the United States.