Fourth Quarter 2009 – Top 3 Commercial Properties in Hawaii

My top 3 picks for Commercial property in Hawaii:

The video includes more detail and a clip of the third property listed below.

1. Boutique Hotel on a large piece of Fee Simple land in a triple A location. There’s an opportunity to re-brand the  hotel and the owner is looking to restructure capital stack, both equity and debt.

2. Small neighborhood shopping center on Kauai. Located near the harbor, the property is just over 90% occupied, with reasonable rents. What caught our eye was the Owner’s contract to buy the fee simple interest under the property, making it a great long term investment.

3. Warehouse in Campbell industrial park, currently occupied by Oceanic companies.  Located on just over 17,000 SF of land, this 9,200 SF property includes parking, a yard area, and interior space for both warehouse and office. Currently, the property offers a 9.5% return on income from the existing tenant for 2000.

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2 Responses to “Fourth Quarter 2009 – Top 3 Commercial Properties in Hawaii”

  1. Dee Ryse says:

    Do you beleive these are good structural engineers to evaluate an addition proposal to the Illiki Condos and HAWAIIAN PROPERTY ADJACENT BUILDING???

    Farr, Jonathan Senior Associate Denver (303) 914-4300 jfarr
    Farrell, Lee Associate Principal/Manager of Safety Northbrook (303) 914-4300 lfarrell
    Fehrenbacher, Noah Associate III Northbrook (847) 272-7400 nfehrenbacher
    Felleti, David Specialist Northbrook (847) 272-7400 dfelleti
    Finley, David Associate II Cleveland (216) 642-2300 dfinley
    Fraczek, John Senior Principal Northbrook (847) 272-7400 jfraczek
    Francis, Emma Associate III Boston (617) 225-9080 efrancis
    Francis, Kathryn Associate III Northbrook (847) 272-7400 kfrancis
    Freedland, Joshua Senior Associate Chicago (312) 372-0555 jfreedland
    Fried, Cortney Senior Associate Washington, D.C. (703) 641-4601 cfried
    Fuhr, Dale Associate Principal Houston (832) 467-2177 dfuhr

  2. Dee Ryse says:

    1. What do you believe a good offer would be for the IBM Building off of ALoMoana,BLVD???

    2.Do you believe these are good structural engineers to evaluate an addition proposal to the Illiki Condos and HAWAIIAN PROPERTY ADJACENT BUILDING???

    Farr, Jonathan Senior Associate Denver (303) 914-4300 jfarr
    Farrell, Lee Associate Principal/Manager of Safety Northbrook (303) 914-4300 lfarrell
    Fehrenbacher, Noah Associate III Northbrook (847) 272-7400 nfehrenbacher
    Felleti, David Specialist Northbrook (847) 272-7400 dfelleti
    Finley, David Associate II Cleveland (216) 642-2300 dfinley
    Fraczek, John Senior Principal Northbrook (847) 272-7400 jfraczek
    Francis, Emma Associate III Boston (617) 225-9080 efrancis
    Francis, Kathryn Associate III Northbrook (847) 272-7400 kfrancis
    Freedland, Joshua Senior Associate Chicago (312) 372-0555 jfreedland
    Fried, Cortney Senior Associate Washington, D.C. (703) 641-4601 cfried
    Fuhr, Dale Associate Principal Houston (832) 467-2177 dfuhr

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