Office•Office Building•For Sale

Lenders Document Service Building

77-6403 Nalani Street, Kailua Kona, Hawaii 96740

Sale Price $1,750,000
Sale Type Investment
Zoning CN-10
Bldg Type Multi-Tenant
Class B
Year Built 1976
Year Renovated 1990
Stories 32
Vacancy 86%
Gross Bldg 12,822 SqFt
Land Area .71 Acres
Market Hawaii Island
Sub-Market West Hawaii
This 12,882 square foot wood frame office building is located on 30,787 square feet of fee simple land. The Property is currently 84% occupied and houses a number of strong tenants including the State of Hawaii Attorney General's office and the State of Hawaii Children's Justice Center. Plenty of onsite parking is available -- with over 50 parking stalls. There are fourteen rental units in total, contained in two well-maintained boutique Office Buildings. Located just five minutes from the heart of Kailua-Kona, on Nalani Street off of Kuakini Highway. Ease of access and minutes away from the business, retail and visitor centers of Kailua-Kona. The Lender's Document Service Building is conveniently located about halfway between Kailua-Kona and the Keauhou resort area. The Property is situated in a residential/commercial area, immediately adjacent to popular French restaurant La Bourgogne, and just fifteen minutes away from Kona International Airport, NELHA and the Kaloko Light Industrial district.
  • Fantastic Location
  • Well-Constructed Wood Frame Office Buildings
  • Plenty of On-site Parking
  • Current NOI: $112,186 / year
  • Cap Rate: 5.7%
  • Ease of Access off of Kuakini Highway
9/30/2019 4:44:42 PM 1/17/2020 9:44:31 PM
Gregory G. Ogin, CCIM, CPM
Principal & Managing Director
SVN | GO Commercial
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