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    36 Oneawa Street

    Kailua, HI 96734
    • $3,250,000
    • STATUS: Active Under Contract
    • ON SITE: 155 days
    • MLS #: 202011814
    Under Contract
    UPDATED: 47 min ago
    $3,250,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:
    Area:

    School Ratings & Info

    Description

    OFFERS DUE 7/2/2020. FEE INTEREST FOR SALE! IN-PLACE 3.2% CAP RATE WITH HUGE UPSIDE POTENTIAL WHEN RENT RESETS IN 2026! The offering represents an extremely rare opportunity to acquire the fee interest in a trophy property which has a long-term ground lease with an excellent tenant, Zippys, Inc. The property is located in a prime location on Oneawa Street, a main thoroughfare in Kailua. The ground lease provides for a passive investment structure with tremendous upside potential when the ground rent adjusts to fair market in 2026. A portion of the retail improvements are situated on the property with the balance situated on the adjacent parcel which is not included in the offering.

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    © 2020 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Pacific Properties.

    Licensed in the State of Hawaii, USA.
    oahu.corcoranpacific.com/homes/106303845
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    36 Oneawa Street Kailua, HI 96734

    • Price: $3,250,000
    • Status: Active Under Contract
    • Updated: 47 min ago
    • MLS #: 202011814
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    1986
    Built
    Neighborhood:
    Kailua Town
    County:
    Oahu
    Area:
    Kailua
    Property Description
    OFFERS DUE 7/2/2020. FEE INTEREST FOR SALE! IN-PLACE 3.2% CAP RATE WITH HUGE UPSIDE POTENTIAL WHEN RENT RESETS IN 2026! The offering represents an extremely rare opportunity to acquire the fee interest in a trophy property which has a long-term ground lease with an excellent tenant, Zippys, Inc. The property is located in a prime location on Oneawa Street, a main thoroughfare in Kailua. The ground lease provides for a passive investment structure with tremendous upside potential when the ground rent adjusts to fair market in 2026. A portion of the retail improvements are situated on the property with the balance situated on the adjacent parcel which is not included in the offering.
    Exterior Features

    Construction Materials Concrete Block Loading None Parking On Site Property Frontage Main Street Roof Other Stories One

    Interior Features

    Cooling Individual Floors Other Sq Ft Other 0 Sq Ft Total 0

    Property Features

    Amenities None Annual Expenses 0.00 Assessed Value Improvements 0.00 Assessed Value Land 2487600.00 Assessed Value Total 2487600.00 Building Name N/A Business Name Zippy'sInc. Business Type Free StandingRestaurant Commercial Space No Disclosures None Documents Lease Documents Easements None Expenses Source Owner Flood Zone Zone X Foreclosure YN No Gross Income 105576.00 Income Source Other Land Recorded Land Court Land Tenure Fs - Fee Simple Lease Type Net Lease Listing Financing CashOther Net Operating Income 105576.00 Property Condition Excellent Property Type Commercial/Industrial Sewer Connected Special Sale Conditions None Tax Amount 2373.00 Tax Paid By Seller Yes Tax Year 2019 Tenant Pays Ac MaintenanceCommon Area MaintenanceElectricityExcise TaxFire InsGasJanitorial/Trash RemovalLease RentLiability InsOtherReal Estate TaxesWater Total Actual Rent 8798.00 Utilities Available GasLarge Water MeterLight Electricity Zoning 33 - Bmx-3 Community Business M

    Listings provided courtesy of Standard Management Llc.
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2020-10-31T07:58:44.023. Information is deemed reliable but not guaranteed. Copyright: 2020 by HiCentral MLS, Ltd.


    © 2020 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Pacific Properties.

    Licensed in the State of Hawaii, USA.
     
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    Corcoran Pacific Properties
    4211 Waialae Ave. Suite 106
    Honolulu HI, 96816