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1136 Union Mall

Honolulu, HI 96813
  • $7,800,000
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: 202203148
UPDATED: 10 min ago
$7,800,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Description

Existing NOI is $245K, with potential to raise to $700K. Asking price is just $82.51 PER SQUARE FOOT, when using $350 per sf for land value. Upgrades to the lobby and common areas have been undertaken in 2020. Entire 4th floor (7,200sf) is converted to popular new flex-offices which are being leased at premium rates. Next door office building is being converted into a 500+ apartment.

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© 2022 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Novita | eXp Realty.

Licensed in the State of Hawaii, USA.
www.homesbynovita.com/homes/125898166
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1136 Union Mall Honolulu, HI 96813

  • Price: $7,800,000
  • Status: Active
  • On Site: 140 Days
  • Updated: 10 min ago
  • MLS #: 202203148
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1966
Built
Neighborhood:
Downtown
County:
Oahu
Area:
Metro
Property Description
Existing NOI is $245K, with potential to raise to $700K. Asking price is just $82.51 PER SQUARE FOOT, when using $350 per sf for land value. Upgrades to the lobby and common areas have been undertaken in 2020. Entire 4th floor (7,200sf) is converted to popular new flex-offices which are being leased at premium rates. Next door office building is being converted into a 500+ apartment.
Exterior Features

Construction Materials Reinforced Concrete Loading Loading Area Parking None Roof Other Stories 8-14

Interior Features

Cooling Central Ac Floors Concrete Sq Ft Other 0 Sq Ft Total 62115

Property Features

Amenities Ada Accessible Assessed Value Improvements 3074200.00 Assessed Value Land 3024200.00 Assessed Value Total 6098400.00 Building Name None Business Type Free Standing Disclosures None Documents Lease DocumentsOtherP&L Easements Driveway Expenses Source Owner Flood Zone Zone X Foreclosure YN No Income Source Owner Land Recorded Regular System Land Tenure Fs - Fee Simple Lease Type A/SCashExchangeOpenOther Listing Financing See Remarks Net Operating Income 245000.00 Property Condition Average Property Type 96813 Sewer Connected Special Sale Conditions None Tax Amount 6302.00 Tax Paid By Seller No Tax Year 2021 Tenant Pays Ac MaintenanceCommon Area MaintenanceElectricityElevator MaintenanceExcise TaxFire InsGlass InsJanitorial/Trash RemovalLease RentLiability InsReal Estate TaxesWater Utilities Available GasLight Electricity Zoning 34 - Bmx-4 Central Business Mix

Listings provided courtesy of Agency Rentals.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2022-07-07T08:59:25.57. Information is deemed reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd.


© 2022 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Novita | eXp Realty.

Licensed in the State of Hawaii, USA.
 
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Honolulu HI, 96813