FEE SIMPLE PARCELS HIGH DENSITY URBAN LOCATION...real estate outsourcing services for a property...
Transcript of FEE SIMPLE PARCELS HIGH DENSITY URBAN LOCATION...real estate outsourcing services for a property...
HIGH DENSITY URBAN LOCATION
FEE SIMPLE PARCELS
HONOLULUHAWAI’I
Offering Highlights
Rare fee simple opportunity within the Honolulu Urban Core
12 residential & commercial zoned parcels
In close proximity to the University of Hawaii at Manoa
Excellent access to H-1 Freeway and close to public transportation
Mo'ili'ili, Honolulu
JLL is pleased to present this rare opportunity for the acquisition of several parcels within the Honolulu Urban Core, named the Mo’ili’ili Collection. The Mo’ili’ili Collection is a cluster of 12 residential- and commercial-zoned parcels located within the Honolulu Urban Core which includes a well-known local
restaurant and surrounded by the heavily traveled arterial roads of South King Street, University Avenue, Date Street and Isenberg Street.
Two of the boarding streets are South King Street and University Avenue. South King Street travels east to west across the greater Honolulu area and serves as the main artery and thoroughfare for this trade
area used by commuters going in and out of Honolulu. University Avenue travels north to south through the greater Honolulu area that also leads directly to the University of Hawaii.
Date Street ADT (2016) – 10,939 VehiclesUniversity Avenue ADT (2016) – 26,554 Vehicles
South King Street (2016) – 31,702 VehiclesIsenberg Street (2016) – 7,222 Vehicles
For more Information
Wendell F. Brooks, III (S) Senior Vice President, Retail Brokerage Lead
+1 808 203 5715 [email protected]
James “Kimo” L. Greenwell (S) Vice President, Retail Brokerage
+1 808 203 5702 [email protected]
1585 Kapiolani Boulevard, Suite 1750 | Honolulu, Hawaii 96814 | T. 808.203.5700 | F. 808.203.5709
STRATEGIC LOCATION
The Mo’ili’ili neighborhood is located within the Urban Core of Honolulu and is surrounded by a vibrant community which is home to a large base of single-family and multi-family residences and an eclectic mix of commercial developments and community resources. Additionally, the Mo’ili’ili Collection is located adjacent to the state’s largest university, The University of Hawaii at Manoa (home to over 20,000 students and faculty). This campus not only serves the majority of students seeking a higher education, it also serves as a major anchor to this busy district.
There are over 70,000 residents within a one-mile radius of the Mo’ili’ili Collection, which quickly increases to 224,716 residents when viewed from a 3-mile radius. The median age of residents within this area is from 42 to 45 years of age with an average household income from $72,312 to $95,642 per year.
Considered by many to be a highly convenient residential location and an emerging trade area, Mo’ili’ili has captured the attention of many residents and business operators alike.
Kauai Oahu
MauiHawaiiState of Hawaii
URBAN HONOLULU
AIRPORT
Oahu
KAPIOLANI BLVD
BERETANIA
MAKIKI
MOILIILI
UH LAB SCHOOL
PUNAHOUSCHOOL
MARYKNOLLSCHOOL
WAIKIKI
“Nothing replaces density”
MANOAUN
IVER
SITY
AVE
KAPIOLANI BLVD
BERETANIA
UNIVERSITYOF
HAWAII20,000 +
STUDENTS
ST. LOUIS HEIGHTS
MOILIILI
KAPAHULU
PALOLO
KAIMUKI H.S.
ST. LOUIS H.S.
CHAMINADE UNIVERSITY
IOLANI SCHOOL
UH LAB SCHOOL
MID PACIFIC INSTITUTE
KUHIOELEMENTARY
LUTHERAN SCHOOL
ST. FRANCIS SCHOOL
KING STREET
2018HOUSEHOLDS
2023HOUSEHOLDS
2018HOUSEHOLD
INCOME
2018POPULATION
2023POPULATION
2023HOUSEHOLD
INCOME
2018MEDIAN
AGE
DEMOGRAPHICS
70,141 72,473 41.9 32,846 33,816 $72,312 $85,078
224,716 232,066 45.2 97,627 100,414 $90,580 $95,642
319,347 328,680 44.4 123,276 126,458 $95,642 $111,543
source: ESRI 2018
HLII-36
HLII-37
HL-27
HL-25
HL-22
HL-26
HL-21
HL-24
HLII-39
HLII-38HLII-20
HL-23
HLII-37GDK, Inc. dba Willows Restaurant817 Hausten StreetWillows Restaurant1-2-7-10: 84,8000B-260N/AN/A$-
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HLII-38GDK, Inc. dba Willows Restaurant822 Hausten Street-Makai Willows Restaurant, Parking1-2-7-9: 144,800N/AA-2150Mo. to Mo.N/A$2,766,000.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HLII-39GDK, Inc. dba Willows Restaurant828 Hausten Street-MaukaWillows Restaurant, Parking1-2-7-9: 139,600N/AA-2150Mo. to Mo.N/A$-
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-20818 Hausten Street818 Hausten StreetApartment Building1-2-7-9: 154,8002,035A-215030-Sep-19$47,235.02$1,050,000.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-21Vacant910 Kapaakea LaneVacant - Parking1-2-7-10: 354,847N/AA-2150N/A$- $865,200.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-22Vacant909 Hausten StreetVacant - Parking1-2-7-10: 114,800N/AA-2150N/A$19,164.00$901,200.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-23Vacant803 Hausten StreetVacant - Parking1-2-7-10: 75,222N/AA-2150N/A$-$970,800.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-24904 Kapaakea Lane904 Kapaakea LaneApartment Building1-2-7-10: 34,3981,794A-2150Mo. to Mo.$31,000.00 $1,020,000.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-25Vacant911 Hausten StreetVacant - Parking1-2-7-10: 124,800N/AA-2150N/A$-$901,200.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-26917-D Hausten Street917-D Hausten StreetApartment Building1-2-7-10: 27,5951,720A-2150Mo. to Mo.$23,900.00$1,302,000.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HL-27917 Hausten Street917 Hausten StreetApartment Building (Pink)1-2-7-10: 136,0002,388A-2150Mo. to Mo.$47,000.00$1,105,200.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
HLII-36GDK, Inc. dba Willows Restaurant 821 Hausten Street Willows Restaurant 1-2-7-10: 9 29,955 16,618 B-2 60 Mo. to Mo. $362,362.25 $8,196,000.00
TENANT
ADDRESS
DESCRIPTION
TMK
LAND (SF)
BUILDING (SF)
ZONING
HEIGHT LIMIT
LEASE EXP.
2018 REV.
SALES PRICE
1585 Kapiolani Boulevard, Suite 1750 Honolulu, Hawaii 96814T. 808.203.5700 F. 808.203.5709
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved. 10/28/18
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.
On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
www.jll.com/hawaii
Wendell F. Brooks, III (S) Senior Vice President, Retail Brokerage Lead T. 808.203.5715 F. 808.203.5709 [email protected]
James “Kimo” L. Greenwell (S)Vice President, Retail BrokerageT. 808.203.5702 F. [email protected]
Located within one of Oahu’s most densely populated areas
Centrally located and in close proximity to Waikiki, Honolulu’s Central Business District,
and the expanding Kapiolani corridor.
Excellent vehicular access to main thorough-fares and freeway systems.
Exceptionally unique opportunity for a poten-tial re-development in Honolulu’s urban core
Highly desirable residential location