for sale | office territorial centre · closed: 06/03/2016 occupancy: 100.0% 6 full occupancy....

Managing [email protected] #RB-16053

Gregory G. Ogin, CCIM, CPM

PROPERTY HIGHLIGHTSFantastic location with great traffic flows

Landmark Building in the heart of Kailua-Kona

Cross streets are Kuakini Highway and Hualalai Road

High Visibility

Highly Trafficked - 20,000+ Vehicles/Day

Stable local tenants

PRESENTED BY:

FOR SALE | OFFICE

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.

TERRITORIAL CENTRE75-5753 Kuakini Highway | Kailua Kona, HI 96740

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.

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TERRITORIAL CENTER | 15,888 SF | KAILUA KONA, HI

All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

DISCLAIMER

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used forany other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of theSVN® Advisor or Property Owner, or used for 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 in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving thesematerials does not choose to 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 or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, andthere can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations orwarranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made availableto the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed anddelivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any oftheir officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochureare advised and encouraged to conduct their 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 expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochureor making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable toOwner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to releasethe Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaserproceeds at its own risk.


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All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 3

PROPERTY OVERVIEW

An attractive prime office building, well located at the intersection of Kuakini Highway and Hualalai Roadin the center of Kailua-Kona, Hawaii. The subject property offers healthy cash flows and stable tenantswith significant upside potential due to the below market leases currently in place. In easy walkingdistance to the retail, visitor and business centers of Kailua-Kona, the State public library, the KailuaVillage Open Market, various popular restaurants, and the Pacific Ocean.

Conveniently located in the center of Kailua-Kona town. Kuakini Highway frontage and ease of access. Inwalking distance to the visitor, business and retail centers of Kailua-Kona, popular restaurants, andcommunity attractions. Highly Trafficked - 20,000+ Vehicles/Day. High visibility and street presence.

PROPERTY HIGHLIGHTS

• Fantastic location with great traffic flows

• Landmark Building in the center of Kailua-Kona

• Cross streets are Kuakini Highway and Hualalai Road

• High Visibility

• Highly Trafficked - 20,000+ Vehicles/Day

• Stable local tenants

TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI

EXECUTIVE SUMMARY

Executive Summary

PROPERTY SUMMARY

SALE PRICE: $4,500,000

LOT SIZE: 0.76 Acres

BUILDING SIZE: 15,888 SF

BUILDING CLASS: B

YEAR BUILT: 1984

RENOVATED: 2010

ZONING: CV-7.5

MARKET: North Kona

SUB MARKET: Kailua-Kona

CROSS STREETS: Kuakini Highway And HualalaiStreet


PROPERTY OVERVIEW

Property OverviewHI #RB-16614

All 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.

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Construction

Year Built: 1984Construction Type: Wood FrameNumber of Stories: 2Average Floor Size: 7,795

Foundation: Concrete SlabParking Surface: AsphaltNumber of Units: 24

Roof: Flat

Physical Description

Property Name: Territorial CentreType of Ownership: Fee Simple

Property Type: OfficeAPN: 3-7-5-22-1

Lot Size: 0.76 ACRentable SF: 15,888

Building Class: BZoning: CV-7.5

Parking Spaces: Covered and Open ParkingParking Ratio:

Building Frontage: Kuakini HighwayCross Streets: Kuakini Highway and Hualalai Street

Interior Finish

Walls: Drywall over metal studCeilings: Dropped acoustic tile

Floor Coverings: Tile, carpet (per suite)Restrooms: ADA-compliant (per suite)


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LOCATION MAPS

Located On The Big Island Of Hawaii


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RETAILER MAP

In The Heart Of Kailua-Kona


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RETAILER MAP

At The Intersection Of Kuakini & Hualalai


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SECTION 4 | ADDITIONAL INFORMATION

Centrally Located, High Visibility

75-5753 Kuakini Highway | Kailua Kona, HI 96740

TERRITORIAL CENTREFOR SALE | OFFICE


1 SALES COMPARABLES


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SECTION 1 | SALES COMPARABLES

Sale CompsSUBJECT PROPERTY


$4,500,000Sale Price:

0.76 ACLot Size:

1984Year Built:

15,888 SFBuilding SF:

$283.23Price PSF:

1000 HENRY STREET BUILDING - SOLD75-1000 Henry Street | Kailua-Kona, HI 96740


1.49 ACLot Size:

1997Year Built:


$101.62Price PSF:

03/09/2018Closed:

50.0%Occupancy:

1

Office/Retail Building located on the highest trafficked intersection in Kailua-Kona. Retail Storefront unitformerly occupied by Border's Books. Located adjacent to WalMart, Lowes and Safeway. Leasehold.Property remained on the market for 732 days.

ATRIUM COURT - FOR SALE75-167 Kalani Street | Kailua-Kona, HI 96740


0.35 ACLot Size:

1990Year Built:


$207.89Price PSF:

7.1%CAP:

77.0%Occupancy:

2

Conveniently located in the center of town adjacent to highly trafficked Kuakini Highway. In walkingdistance to the business/visitor/retail centers of Kailua-Kona. As of 04/06/18, on the market for 1,649days. Fee Simple.

BALI KAI BUSINESS CENTER - SOLD76-6241 Alii Drive | Kailua-Kona, HI 96740

$400,000Sale Price:

0.18 ACLot Size:

1983Year Built:


$170.07Price PSF:

02/15/2014Closed:

3

Smaller 2-story Office/Retail Building, conveniently located off of Alii Drive across from the ocean. Greatstreet recognition, on heavily trafficked roadway. Sold within 46 days of going on the market.


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Sale CompsCROSSROADS PROFESSIONAL CENTER - SOLD75-1029 Henry Street | Kailua-Kona, HI 96740


0.956 ACLot Size:


$256.16Price PSF:

6%CAP:

08/25/0016Closed:

98.0%Occupancy:

4

Class A Office Building located in the heart of Kailua-Kona with easy street access. Centrally located on amain corridor with proximity to businesses/shopping/residences. This Property remained on the marketfor 119 days.

HRA SUNSET DRIVE - SOLD77-311 Sunset Drive | Kailua-Kona, HI 96740


0.37 ACLot Size:

1990Year Built:


$256.64Price PSF:

10/22/2013Closed:

5

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


0.34 ACLot Size:

2007Year Built:


$155.91Price PSF:

8.4%CAP:

06/03/2016Closed:

100.0%Occupancy:

6

Full Occupancy. $169.13 per Square foot. Conveniently located in walking distance to retail/visitors/business centers. Newer construction, well-maintained with amenities. This property remained on themarket for 193 days.

LENDER'S DOCUMENT BUILDING - SOLD77-6403 Nalani Street | Kailua-Kona, HI 96740


0.71 ACLot Size:

1976Year Built:


$171.58Price PSF:

8.93%CAP:

02/05/2014Closed:

7

Conveniently located, well-maintained Office/Retail Building minutes away from Kailua-Kona's retail/visitor/business centers, with plenty of on-site parking. Ocean views, with ease of access off of QueenKaahumanu Highway. Property sold in 112 days of going on the market.


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Sale CompsLUNAPULE PLAZA - FOR SALE75-127 Lunapule Road | Kailua-Kona, HI 96740


0.73 ACLot Size:

1991Year Built:


$224.29Price PSF:

100.0%Occupancy:

8

Well-designed office building with ample parking. In very close proximity and walking distance to the retail/visitor/business centers of Kailua-Kona. Huge price reduction! 2 story building, approved 24 condo units, building is in greatshape, landscaped throughout, great tenants, High street recognition. As of 04/06/18, property has been on the marketfor 4,013 days.

SELWYN PLAZA - SOLD86-8627 Mamalahoa Highway | Kealakekua, HI 96750

$970,000Sale Price:

1989Year Built:


$242.50Price PSF:

6.5%CAP:

11/13/2015Closed:

9

Office Building, well-located off of Mamalahoa Highway. Good visibility, landmark building. 13surface parking spaces, wood frame construction. Multi-tenancy. 156 days on the market.


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Sale Comps Map

75-5753 Kuakini Highway | Kailua Kona, HI 96740SUBJECT PROPERTY

1

75-1000 Henry StreetKailua-Kona, HI 96740

1000 HENRY STREET BUILDING - SOLD

2

75-167 Kalani StreetKailua-Kona, HI 96740

ATRIUM COURT - FOR SALE

3

76-6241 Alii DriveKailua-Kona, HI 96740

BALI KAI BUSINESS CENTER - SOLD

4

75-1029 Henry StreetKailua-Kona, HI 96740

CROSSROADS PROFESSIONAL CENTER - SOLD

5

77-311 Sunset DriveKailua-Kona, HI 96740

HRA SUNSET DRIVE - SOLD

6

75-169 Hualalai RoadKailua-Kona, HI 96740

KONA PROFESSIONAL BUILDING - SOLD

7

77-6403 Nalani StreetKailua-Kona, HI 96740

LENDER'S DOCUMENT BUILDING - SOLD

8

75-127 Lunapule RoadKailua-Kona, HI 96740

LUNAPULE PLAZA - FOR SALE

9

86-8627 Mamalahoa HighwayKealakekua, HI 96750

SELWYN PLAZA - SOLD


TERRITORIAL CENTERFOR SALE | OFFICE


2 ABOUT SVN®


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TERRITORIAL CENTER | 15,888 SF | KAILUA KONA, HI

SECTION 2 | ABOUT SVN®

Core Covenants

A company’s core values provide clarity on what is truly important for organizational success,personal and professional conduct and what to expect from each other. At SVN® our CoreCovenants personify our values and culture and differentiate us from the competition.

As members of the SVN Shared Value Network℠, we each commit to do the following:

CREATE AMAZING VALUE WITH MY CLIENTS, COLLEAGUES AND COMMUNITY.1

COOPERATE PROACTIVELY AND PLACE MY CLIENTS’ BEST INTERESTSABOVE MY OWN.

2

INCLUDE, RESPECT AND SUPPORT ALL MEMBERS OF COMMERCIAL REALESTATE INDUSTRY3

HONOR MY COMMITMENTS.4

PERSONIFY AND UPHOLD THE SVN® BRAND.5

RESOLVE CONFLICTS QUICKLY, POSITIVELY AND EFFECTIVELY.6

TAKE PERSONAL RESPONSIBILITY FOR ACHIEVING MY OWN POTENTIAL.7

EXCEL IN MY MARKET AREA AND SPECIALTY.8

FOCUS ON THE POSITIVE AND THE POSSIBLE.9NURTURE MY CAREER WHILE VALUING THE IMPORTANCE OF FAMILY,HEALTH AND COMMUNITY.

10


SECTION 2 | ABOUT SVN®

Advisor Bio & Contact 1HI #RB-16614

All 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.

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Gregory G. Ogin, CCIM, CPMManaging DirectorSVN | Clark Commercial Group

EXPERIENCE PRESIDENT CLARK COMMERCIAL GROUP1996 - PRESENTBrought the division from three buildings in Kailua-Kona to over 700,000 square feet on the island of Hawaii.

OWNER KONA KOHALA COMMERCIAL1992 - 1996Small independent commercial real estate firm. Started as a division of Gerry Rott and Associates.

DEPUTY MANAGING DIRECTOR COUNTY OF HAWAII1990 - 1992Appointed by the mayor to be in charge of County operations in West Hawaii.GROUP MANAGER LIBERTY HOUSE OF HAWAII ISLAND OF HAWAII1981 - 1990Supervised and managed five resort stores plus one 10,000 square foot resort department store.

EDUCATION UNIVERSITY OF HAWAII, ISLAND OF OAHU, HI NORTH HENNEPIN COMMUNITY COLLEGE,BROOKLYN PARK, MN LEADERSHIP Chair, 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 Board 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: 808.329.8102

Cell: 808.987.6446

Address: 75-5722 Kuakini HighwaySuite 214Kailua Kona, HI 96740

for sale | office territorial centre · closed: 06/03/2016 occupancy: 100.0% 6 full occupancy....

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