$2,550,000
$2,550,000
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0.69 Acres Lot
SOLD DATE : 08/01/2024
Key Details
Sold Price $2,550,000
Property Type Commercial
Sub Type Commercial-For Sale
Listing Status Sold
Purchase Type For Sale
Subdivision Kahului
MLS Listing ID 401990
Sold Date 08/01/24
HOA Y/N No
Lot Size 0.689 Acres
Acres 0.6887
Property Description
An opportunity to purchase a single tenant absolute triple net (NNN) leased asset with a corporate backed lease in Kahului, Maui, Hawaii. The tenant, Airgas USA, is a leading U.S. supplier of industrial, medical and specialty gases, as well as hard goods and related products. PROPERTY HIGHLIGHTS: M-2 Heavy Industrial zoning allows multiple categories of use (heavy industrial, light industrial, office, retail, business) / Single tenant NNN lease with stable cash flows for another six years remaining on the lease. / Current rent is below market, offering an investor the opportunity to move to market rents in 6 years. / Excess land area / Prime location near the harbor, airport, major service areas. / Building Area - 7,200 SF warehouse + 2,100 SF shed.
Location
State HI
County Us
Area Kahului
Zoning M-2
Exterior
Waterfront Description None
View Y/N Yes
View Mountain(s)
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