lender's document service building...year built: 2007 building sf: 14,752 sf price psf $155.91...

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.

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LENDER'S DOCUMENT SERVICE BUILDING77-6403 Nalani Street | Kailua Kona, HI 96740

LENDER'S DOCUMENT SERVICE BUILDING | 12,822 SF | KAILUA KONA, HI

DISCLAIMER


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.


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TABLE OF CONTENTS


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


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1 PROPERTY INFORMATION



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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


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.


PROPERTY HIGHLIGHTS

• Fantastic Location

• Well-Constructed Wood Frame Office Building

• Plenty of On-site Parking

• Fee Simple

• Ease of Access off of Kuakini Highway



Complete Highlights



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





Additional Photos

2 LOCATION INFORMATION



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SECTION 2 | LOCATION INFORMATION

Location Maps



Satellite Map





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



First Floor Leasing Plan



SECOND FLOOR

3A-F

5,078 SQ FT



Second Floor Leasing Plan



621 SQ FT

G

3,889 SQ FT

449

THIRD FLOOR

W/H



Third Floor Leasing Plan


3 SALE COMPARABLES



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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%


SECTION 3 | SALE COMPARABLES

Sale Comps Summary




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



$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



$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


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.




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



$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



$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



$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.


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



Sale Comps Map



Demographics Map


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



Advisor Bio & Contact


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

lender's document service building...year built: 2007 building sf: 14,752 sf price psf $155.91...

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