Great American Storage - Hilo, HI MSA Development Site
HILO, HI MSA Development Site
Marketing description
FOR MORE INFO / VIEW OFFERING MEMORANDUM: https://selfstorageadvisory.com/properties/great-american-storage-development-site/
CBRE's Self Storage Advisory Group is retained as the exclusive listing advisor for Great American Storage - Hilo, a self-storage development that will consist of 704 units distributed across 85,225 net rentable square feet of ground level drive-up and interior climate-controlled storage space. The development is located in Kea'au, (a suburb of Hilo) and situated on Kea'au-Pahoa Bypass Road (24,330 VPD traffic count) in an area that has strong income with a household income average of $107,955 within a 5-mile radius.
Keaʻau, Hawaiʻi is a fast-growing community in Puna on the Island of Hawaiʻi that is increasingly positioned as an affordable residential and workforce hub supporting East Hawaiʻi’s expanding economy. The local economic base is driven primarily by construction, agriculture, retail and personal services, and proximity to Hilo, the island’s main commercial and employment center. Nearby University of Hawaiʻi at Hilo, located roughly 10 miles away, enrolls approximately 2,800 students and serves as a key regional employer and innovation anchor for East Hawaiʻi. Looking ahead, Keaʻau’s growth outlook is supported by continued residential development, infrastructure investment, and regional port improvements, positioning the community to capture population growth, construction-related employment, and spillover demand from Hilo’s healthcare, education, and logistics sectors as East Hawaiʻi continues to expand.
Investment highlights
- Strategic Puna Location: Situated in Kea'au, One of East Hawai'i's Fastest-Growing Residential Areas, Providing Exposure to Steady Population Growth and Housing Development
- Proximity to Hilo: Located Approximately 10 Miles from Downtown Hilo, the Island's Primaru Commercial, Healthcare, and Employment Hub, Supporting Consistent Economic Linkage and Commuter Demand
- High Barriers to Entry: Hawai'i's Zoning Regulations, Environmental Constraints, and Availability of Land Sites Restrict New Supply, Enhancing Asset Defensibility
- Favorable Long-Term Demographic Trends: East Hawai'i continues to see Net In-Migration from Residents Priced Out of More Expensive Island Submarkets
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?



