Listed by Colliers - Honolulu, Hawaii
$8,900,000
888 Kalanianaole Street
Details
APN (3) 2-1-10-33
Property Type Industrial
Sub Type Warehouse
Square Footage 31,344
NOI $511,682
Occupancy 100%
Tenancy Vacant
Lease Expiration 11/08/2065
Lease Options State law allows for extensions for an additional lease term up to 40 years
Acreage 3.710
Zoning MG-1A
Investment Type Owner/User
Ground Lease Yes
Ownership Leasehold
888 Kalanianaole Street, Hilo, HI 96720
Marketing description
Discover one of Hawaii's most compelling large-scale industrial leasehold opportunity in Hilo's established commercial corridor. This rare 3.71-acre property combines substantial built infrastructure with unmatched logistical advantages, delivering both immediate cash flow on an industrial leasehold opportunity with 40 years of known ground rent.
Investment highlights
- 161,433 square feet of prime industrial land (3.71 acres)
- 31,344 square feet of existing improvements
- Warehouse, office, and specialized support facilities
- Expansive secure yard for container operations and outdoor storage
- Unrivaled Connectivity: Positioned at the crossroads of Hawaii’s transportation network, the property provides seamless access to both Hilo International Airport and Hilo Harbor—the Big Island’s primary commercial gateway. This dual-access advantage creates exceptional value for logistics, distribution, and manufacturing operations requiring efficient inter-island and international cargo movement.
- Flexible MG-1A Zoning: General Industrial zoning accommodates diverse commercial applications including:
- Logistics and distribution centers
- Manufacturing and assembly operations
- Storage and warehousing facilities
- Specialty industrial service
- Immediate Income Stream: Established tenant base provides reliable cash flow from day one, with credited lessees ensuring payment security and operational continuity.
- Operational Versatility: The combination of covered facilities and expansive yard space supports multiple revenue streams—from traditional leasing to specialized container laydown services commanding premium rates in Hawaii’s constrained industrial market.
- Market Position: Located in Hilo’s primary industrial district with limited competing inventory, this property benefits from Hawaii’s importdependent economy and the Big Island’s expanding population and tourism sectors.
Listing Contacts
Listed by Colliers - Honolulu, Hawaii
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$511,682.00
$42,640.17/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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