Archive for the ‘Off Market Properties’ Category

A new way to buy Commercial Real Estate in Hawaii

There is a new way to buy commercial real estate in Hawaii. One of the major trends we’re seeing here in Hawaii, and in investment real estate, is off-market transactions. It is important to watch the market carefully, look for signs of various types of properties that may be for sale in your neighborhood and look for motivated sellers. We’ve recently seen two major transactions occur on properties that had been lingering on the market for years. They were taken off the market about 18 months ago, and the buyers of these properties contacted the sellers and were able to make the right deal at the right time, paying cash for these properties.

Our advice is to watch the market carefully, hunt after the properties that you’re really interested in, and make offers aggressively when you see something you want that you can close quickly and efficiently.

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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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