lender's document service building...year built: 2007 building sf: 14,752 sf price psf $155.91...
TRANSCRIPT
PROPERTY HIGHLIGHTS
Managing [email protected] #rb-16053
GREGORY G. OGIN, CCIM, CPM, HI #RB-16053 Fantastic Location
Well-Constructed Wood Frame Office Building
Plenty of On-site Parking
Fee Simple
Ease of Access off of Kuakini Highway
PRESENTED BY:
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for itscorrectness.
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
FOR SALE | OFFICE
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
LENDER'S DOCUMENT SERVICE BUILDING77-6403 Nalani Street | Kailua Kona, HI 96740
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
DISCLAIMER
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
TABLE OF CONTENTS
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1. 4PROPERTY INFORMATIONExecutive Summary 5
Complete Highlights 6
Property Overview 7
Additional Photos 8
2. 9LOCATION INFORMATIONLocation Maps 10
Satellite Map 11
Retailer Map 12
First Floor Plan 13
Second Floor Leasing Plan 14
Third Floor Leasing Plan 15
3. 16SALE COMPARABLESSale Comps Summary 17
Sale Comps 18
Sale Comps Map 20
Demographics Map 21
Advisor Bio & Contact 22
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
1 PROPERTY INFORMATION
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
SALE OVERVIEW PROPERTY DESCRIPTION
This 12,882 square foot wood frame office building is located on 30,787square feet of fee simple land. The Property is 84% occupied and houses anumber of strong tenants including the State of Hawaii Attorney General'soffice and the State of Hawaii Children's Justice Center. Plenty of onsiteparking -- over 50 parking stalls. 14 units in total contained in twowell-maintained boutique office buildings.
Located just five minutes from the heart of Kailua-Kona, on Nalani Street offof Kuakini Highway. Ease of access and minutes away from the business,retail and visitor centers of Kailua-Kona. The Lender's Building isconveniently located about halfway between Kailua-Kona and the Keauhouresort area. The Property is situated in a residential/commercial area, justfifteen minutes away from Kona International Airport, NELHA and the KalokoLight Industrial district.
SALE PRICE: $1,750,000
LOT SIZE: 30,787 SF
BUILDING SIZE: 12,822 SF
BUILDING CLASS: B
YEAR BUILT: 1962
RENOVATED: 1990
ZONING: CN-10
MARKET: Hawaii Island
SUB MARKET: West Hawaii
CROSS STREETS: Kuakini Highway AndNalani Street
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 1 | PROPERTY INFORMATION
FOR SALE -- Executive Summary
5All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
6All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
PROPERTY HIGHLIGHTS
• Fantastic Location
• Well-Constructed Wood Frame Office Building
• Plenty of On-site Parking
• Fee Simple
• Ease of Access off of Kuakini Highway
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 1 | PROPERTY INFORMATION
Complete Highlights
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 1 | PROPERTY INFORMATION
Property Overview
Physical Description
Property Name: Lenders Document Service Building
Type of Ownership: Fee Simple
Property Type: Office
APN: 3-7-7-9-56
Lot Size: 30,787 SF
Building Size: 12,822 SF
Rentable SF: SF
Building Class: B
Zoning: CN-10
Parking Spaces: 50
Parking Ratio: 3.9 / 1,000 SF
Building Frontage: Kuakini Highway
Cross Streets: Kuakini Highway and Nalani Street
Construction
Year Built: 1976
Construction Type: Wood Frame
Number of Stories: 32
Average Floor Size: 3,000 SF
Foundation: Concrete
Parking Type: Exterior Concrete Lot
Number of Units: 12
Roof: Corrugated Iron
7All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
8All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 1 | PROPERTY INFORMATION
Additional Photos
2 LOCATION INFORMATION
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
10All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 2 | LOCATION INFORMATION
Location Maps
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 2 | LOCATION INFORMATION
Satellite Map
11All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
12All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 2 | LOCATION INFORMATION
Retailer Map
859 SQ FT
F-1
F-3
F-4
1,131 SQ FT
1,159 SQ FT
LENDER’S DOCUMENT BUILDING
FIRST FLOOR
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 2 | LOCATION INFORMATION
First Floor Leasing Plan
13All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
LENDER’S DOCUMENT BUILDING
SECOND FLOOR
3A-F
5,078 SQ FT
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 2 | LOCATION INFORMATION
Second Floor Leasing Plan
14All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
LENDER’S DOCUMENT BUILDING
621 SQ FT
G
3,889 SQ FT
449
THIRD FLOOR
W/H
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 2 | LOCATION INFORMATION
Third Floor Leasing Plan
15All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
3 SALE COMPARABLES
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
17All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP
Lenders Document Service Building77-6403 Nalani StreetKailua Kona, HI 96740
$1,750,000 12,822 SF $136.48 -
SALE COMPS PRICE BLDG SF PRICE/SF CAP CLOSE
1HRA Sunset Drive - SOLD77-311 Sunset DriveKailua-Kona, HI 96740
$1,150,000 4,481 SF $256.64 N/A 10/22/2013
2Kona Professional Building - SOLD75-169 Hualalai RoadKailua-Kona, HI 96740
$2,300,000 14,752 SF $155.91 8.4% 06/03/2016
3
Crossroads Professional Center -SOLD75-1029 Henry StreetKailua-Kona, HI 96740
$4,545,233 17,744 SF $256.16 6.0% 08/25/0016
4Selwyn Plaza - SOLD86-8627 Mamalahoa HighwayKealakekua, HI 96750
$970,000 4,000 SF $242.50 6.5% 11/13/2015
5Lunapule Plaza - FOR SALE75-127 Lunapule RoadKailua-Kona, HI 96740
$3,499,000 15,600 SF $224.29 N/A On Market
6
1000 Henry Street Building - FORSALE75-1000 Henry StreetKailua-Kona, HI 96740
$3,000,000 38,321 SF $78.29 N/A On Market
7Atrium Court - FOR SALE75-167 Kalani StreetKailua-Kona, HI 96740
$1,550,000 7,456 SF $207.89 7.1% On Market
PRICE BLDG SF PRICE/SF CAP
TOTALS/AVERAGES $2,430,605 14,622 SF $166.23 7.0%
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 3 | SALE COMPARABLES
Sale Comps Summary
18All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 3 | SALE COMPARABLES
Sale Comps
SUBJECT PROPERTY
77-6403 Nalani Street | Kailua Kona, HI 96740
$1,750,000Sale Price: 0.71 ACLot Size:
1976Year Built: 12,822 SFBuilding SF:
$136.48Price PSF:
HRA SUNSET DRIVE - SOLD77-311 Sunset Drive | Kailua-Kona, HI 96740
$1,150,000Sale Price: 0.37 ACLot Size:
1990Year Built: 4,481 SFBuilding SF:
$256.64Price PSF 10/22/2013Closed:
1
1
Office Medical Building, conveniently located in Kailua-Kona, off of Queen Kaahumanu Highway. Well-maintained,plenty of onsite parking. Well-known building. 330 days on the market.
KONA PROFESSIONAL BUILDING - SOLD75-169 Hualalai Road | Kailua-Kona, HI 96740
$2,300,000Sale Price: 0.34 ACLot Size:
2007Year Built: 14,752 SFBuilding SF:
$155.91Price PSF 8.4%CAP:
06/03/2016Closed: 100%Occupancy:
2
2
Full Occupancy. $169.13 per Square foot. Conveniently located in walking distance to retail/visitors/business centers.Newer construction, well-maintained with amenities. As of 2/16/16, property has been on the market for 88 days.
CROSSROADS PROFESSIONAL CENTER - SOLD75-1029 Henry Street | Kailua-Kona, HI 96740
$4,545,233Sale Price: 0.9559 ACLot Size:
17,744 SFBuilding SF: $256.16Price PSF
6%CAP: 08/25/0016Closed:
98%Occupancy:
3
3
Class A Office Building located in the heart of Kailua-Kona with easy street access. Centrally located on a main corridorwith proximity to businesses/shopping/residences.
19All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 3 | SALE COMPARABLES
Sale Comps
SELWYN PLAZA - SOLD86-8627 Mamalahoa Highway | Kealakekua, HI 96750
$970,000Sale Price: 1989Year Built:
4,000 SFBuilding SF: $242.50Price PSF
6.5%CAP: 11/13/2015Closed:
4
4
Office Building, well-located off of Mamalahoa Highway. Good visibility, landmark building. 13 surface parking spaces,wood frame construction. Multi-tenancy. 156 days on the market.
LUNAPULE PLAZA - FOR SALE75-127 Lunapule Road | Kailua-Kona, HI 96740
$3,499,000Sale Price: 0.73 ACLot Size:
1991Year Built: 15,600 SFBuilding SF:
$224.29Price PSF 100%Occupancy:
5
5
Well-designed office building with ample parking. In very close proximity and walking distance to the retail/visitor/business centersof Kailua-Kona. Huge price reduction! 2 story building, approved 24 condo units, building is in great shape, landscaped throughout,great tenants, High street recognition. As of 2/16/16, property has been on the market for 3,333 days.
1000 HENRY STREET BUILDING - FOR SALE75-1000 Henry Street | Kailua-Kona, HI 96740
$3,000,000Sale Price: 1.49 ACLot Size:
1997Year Built: 38,321 SFBuilding SF:
$78.29Price PSF 50%Occupancy:
6
6
Office/Retail Building located on the highest trafficked intersection in Kailua-Kona. Retail Storefront unit formerly occupied byBorder's Books. Located adjacent to WalMart, Lowes and Safeway. As of 11/28/16, building has been on the market for 4 1/2 years.Leasehold.
ATRIUM COURT - FOR SALE75-167 Kalani Street | Kailua-Kona, HI 96740
$1,550,000Sale Price: 0.35 ACLot Size:
1990Year Built: 7,456 SFBuilding SF:
$207.89Price PSF 7.1%CAP:
77%Occupancy:
7
7
Conveniently located in the center of town adjacent to highly trafficked Kuakini Highway. In walking distance to thebusiness/visitor/retail centers of Kailua-Kona. As of 2/16/16, on the market for 869 days. Fee Simple.
20All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
77-6403 Nalani Street | Kailua Kona, HI 96740SUBJECT PROPERTY
1 77-311 Sunset DriveKailua-Kona, HI 96740
HRA SUNSET DRIVE - SOLD 275-169 Hualalai RoadKailua-Kona, HI 96740
KONA PROFESSIONAL BUILDING -SOLD
375-1029 Henry StreetKailua-Kona, HI 96740
CROSSROADS PROFESSIONALCENTER - SOLD
4 86-8627 Mamalahoa HighwayKealakekua, HI 96750
SELWYN PLAZA - SOLD 5 75-127 Lunapule RoadKailua-Kona, HI 96740
LUNAPULE PLAZA - FOR SALE 675-1000 Henry StreetKailua-Kona, HI 96740
1000 HENRY STREET BUILDING -FOR SALE
7 75-167 Kalani StreetKailua-Kona, HI 96740
ATRIUM COURT - FOR SALE
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 3 | SALE COMPARABLES
Sale Comps Map
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 3 | SALE COMPARABLES
Demographics Map
21All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 4,644 11,770 17,681
MEDIAN AGE 43.8 45.2 45.2
MEDIAN AGE (MALE) 43.3 44.5 44.4
MEDIAN AGE (FEMALE) 44.9 46.1 45.7
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 1,736 4,519 6,785
# OF PERSONS PER HH 2.7 2.6 2.6
AVERAGE HH INCOME $80,138 $76,392 $75,635
AVERAGE HOUSE VALUE $618,181 $590,094 $575,783
LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI
SECTION 3 | SALE COMPARABLES
Advisor Bio & Contact
22All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Gregory G. Ogin, CCIM, CPMManaging DirectorSVN | Clark Commercial Group
EXPERIENCE PRESIDENT CLARK COMMERCIAL GROUP1996 - PRESENTBrought the division from three buildings in Kailua-Kona to over700,000 square feet on the island of Hawaii.
OWNER KONA KOHALA COMMERCIAL1992 - 1996Small independent commercial real estate firm. Started as a divisionof Gerry Rott and Associates.
DEPUTY MANAGING DIRECTOR COUNTY OF HAWAII1990 - 1992Appointed by the mayor to be in charge of County operations in WestHawaii.GROUP MANAGER LIBERTY HOUSE OF HAWAII ISLAND OF HAWAII1981 - 1990Supervised and managed five resort stores plus one 10,000 squarefoot resort department store.
EDUCATIONUNIVERSITY OF HAWAII, ISLAND OF OAHU, HINORTH HENNEPIN COMMUNITY COLLEGE, BROOKLYN PARK, MN
LEADERSHIPChair, Kona Community Development PlanChair, Hokulia Parks and Cultural Services AssociationBoard Member, Lai Opua 2020Past President, Kauai Road RunnersMarch of Dimes Director, Island of Kauai, HIJaycees, Island of Kauai, HIPresident, Amfac Community CouncilPresident, Rotary Club, Kailua-Kona, HIPresident, Kona Kohala Chamber of CommerceChair, Kailua Village Improvement PlanBoard Member and past Chair, Kona Family YMCABoard Member, Hawaii Disciplinary Board (Hawaii BAR)Board Member, Hawaii Island United WayFounding President, Children’s Advocacy Center
Phone: 808.329.6446
Email: [email protected]
Memberships & Affiliations
CCIM, CPM
HI #RB-16053
Fax: 808.329.6446
Cell: 808.987.6446
Address: 75-5722 Kuakini Highway
Suite 214
Kailua Kona, HI 96740