Cushman & Wakefield ChaneyBrooks is pleased to present a rare opportunity to acquire two (2) contiguous industrial buildings, currently leased to two national credit tenants, in the James Campbell Industrial Park (collectively, the “Property”). 91-130 Kalaeloa Boulevard is placed on a strategically desirable corner lot along the main thoroughfare, Kalaeloa Boulevard. It is improved with a 30,530 SF enclosed building on 2.51 acres of land and leased to Ryder Vehicle Sales, LLC. Next door, 91-252 Kuhela Street is leased to ABC Supply Co., Inc., who occupies a 17,600 SF partially enclosed warehouse on 2.42 acres of land. The two parcels are being offered together for sale.
Unique features about the Property include the lack of inventory in the market, combination of warehouse and yard/parking area, wider streets to accommodate trucking, and ease of ingress/egress. This offering allows for an excellent opportunity for an owner to occupy Kalaeloa when the Ryder lease expires. In addition, they may be able to expand into Kuhela when the ABC lease expires, or continue to lease out Kuhela and collect income to offset occupancy costs.
An investor can maximize income by increasing the significantly low lease rents to market rates and converting leases to true NNN leases as they expire.
www.WestOahuIndustrialPortfolio.com
- Asking Price: $13,350,000
- Total Building Size: 48,130 SF
- Land Area: 4.93 Acres
OFFERS DUE JULY 26 2PM HST