KING KALAKAUA DENTAL CENTER CONDO UNIT 001...Within the Center, a spacious office is shared by 2...

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PROPERTY DESCRIPTION Available for sale is one of the four Commercial Condo units in this well-established dental center which was developed and constructed in 1978 by four dentists who have maintained and operated their separate dental practices successfully over the past years. They are now transitioning their respective practices to younger successors by providing them finished operatories, space for their hygienist, their own sterilization areas, and their own reception desks with files and work area. Within the Center, a spacious office is shared by 2 dentists. Other areas are shared among the four dentists (the four condo unit owners) such as the staff lounge, consultation room, men and women staff restrooms, the reception area and visitor restrooms. These four owners were conceptually ahead of their time in providing individual and shared space areas for their dental business practices. Property is 11,556 sq. ft. of fee simple land. Building area is 4,445 sq. ft. and parking area is striped for fourteen (14) parking stalls. A newly established 934 Punahou Street AOUO has been established to assist the four unit owners with building maintenance, reserve funds, and sharing of the common area expenses. FOR SALE www.cbre.us/hawaii CONTACT US FRANCES N. OKAZAKI Executive Vice President +1 808 541 5111 [email protected] Lic. RB-10178 SHAWLEA K. AONA Senior Associate +1 808 541 5142 [email protected] Lic. RS-73197 KING KALAKAUA DENTAL CENTER CONDO UNIT 001 934 PUNAHOU STREET HONOLULU, HI 96826 LIC. RB-20142

Transcript of KING KALAKAUA DENTAL CENTER CONDO UNIT 001...Within the Center, a spacious office is shared by 2...

Page 1: KING KALAKAUA DENTAL CENTER CONDO UNIT 001...Within the Center, a spacious office is shared by 2 dentists. Other areas are shared among the four dentists (the four condo unit owners)

PROPERTY DESCRIPTION

Available for sale is one of the four Commercial Condo units in this well-established dental center which was developed and constructed in 1978 by four dentists who have maintained and operated their separate dental practices successfully over the past years. They are now transitioning their respective practices to younger successors by providing them finished operatories, space for their hygienist, their own sterilization areas, and their own reception desks with files and work area.

Within the Center, a spacious office is shared by 2 dentists. Other areas are shared among the four dentists (the four condo unit owners) such as the staff lounge, consultation room, men and women staff restrooms, the reception area and visitor restrooms. These four owners were conceptually ahead of their time in providing individual and shared space areas for their dental business practices.

Property is 11,556 sq. ft. of fee simple land. Building area is 4,445 sq. ft. and parking area is striped for fourteen (14) parking stalls. A newly established 934 Punahou Street AOUO has been established to assist the four unit owners with building maintenance, reserve funds, and sharing of the common area expenses.

FOR SALE

www.cbre.us/hawaii

CONTACT US

FRANCES N. OKAZAKI Executive Vice President+1 808 541 [email protected]. RB-10178

SHAWLEA K. AONA Senior Associate+1 808 541 [email protected]. RS-73197

KING KALAKAUA DENTAL CENTERCONDO UNIT 001934 PUNAHOU STREETHONOLULU, HI 96826

LIC. RB-20142

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AVAILABLE SPACE

AVAILABLE FOR SALE IS ONE OF THE FOUR-COMMERCIAL CONDO UNITS AT THIS PROPERTY:

FOR SALEKING KALAKAUA DENTAL CENTER

934PUNAHOU STREET

Honolulu, HI 96826

www.cbre.us/hawaiiLIC. RB-20142

Tax Map Key: 1st 2-3-25-7 CPR 001

Address: 934 Punahou Street, Honolulu, HI 96826

Condo Unit Total Area (SF): Apt. 001 = 1,111 SF

Purchase Price: $750,000 (Approximately $675/SF)

Assessed Value: $876,100

Land: $765,000

Building: $110,500

Real Property Taxes: 02/20/2019 $5,431.82

AOUO Maintenance Fee: Approximately $2,240.00 per month

AOUO Managed by Associa Hawaii: As of 9/1/2018; Budget detail available

Utilities - Electricity, Water, Sewer: Included in maintenance fee

Common Parking Area for Visitors: Fourteen (14) Parking Stalls -- Free for Patients and Visitors

Note: Condo unit is currently leased with a 60-day Notice to Vacate clause

FLOOR PLAN

Condo Area

Limited Common Area (shared)

Common Area

A

B C F E

D

H G

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SPACE PHOTOS

FOR SALEKING KALAKAUA DENTAL CENTER

934PUNAHOU STREET

Honolulu, HI 96826

www.cbre.us/hawaiiLIC. RB-20142

A

G H

F E

D C

B

(Some furniture and equipment shown in E, F, G and H belong to Tenant)

Page 4: KING KALAKAUA DENTAL CENTER CONDO UNIT 001...Within the Center, a spacious office is shared by 2 dentists. Other areas are shared among the four dentists (the four condo unit owners)

FOR SALEKING KALAKAUA DENTAL CENTER

934PUNAHOU STREET

Honolulu, HI 96826

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. FO:JS_KingKalakauaDentalCenter_02.26.19

www.cbre.us/hawaiiLIC. RB-20142

AERIAL VIEW

934PUNAHOU ST