The property consists of 11,417 square feet of prime retail space on Kalakaua Avenue, one of the most exclusive and vibrant Retail Streets in the world. The property is 100% leased to First Hawaiian Bank, which has occupied the premises for over 60 years, and is leased at $14.83 psf/mo. in an area that averages $35.00+ psf/mo. This provides an unparalleled opportunity to increase the rent to market level upon lease expiration. The site is located within Waikiki’s Luxury Row which features over 111,000 square feet of high end international retailers (Chanel, Gucci, Coach, Tiffany & Co., Bottega Veneta, etc.) Waikiki is the top Tourist destination in O’ahu, which served 5.46 million visitors in 2016, which is an increase of over 35% since 2009. The property is steps away from iconic landmarks such as the Royal Hawaiian Hotel, the International Marketplace and Waikiki Beach Walk.

NOI: $2,031,814
Price: Best Offer

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