1628 Democrat St
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1628 Democrat St
4,400 SF Industrial Building Honolulu, HI 96819 $3,401,808 CAD ($773 CAD/SF) 3.26% Cap Rate
Executive Summary
This is a rare opportunity to acquire a fee simple, stand-alone, high-cube concrete warehouse with turnkey 2nd floor offices and secured, gated parking. The high-cube portion of the warehouse features 24-foot high ceilings, a 12’ x 12’ roll-up door, with its own restroom, and is fully outfitted with a fire sprinkler system. The heavy-duty 2nd floor mezzanine features 4 offices, a conference room, a kitchenette, 2 restrooms (one with a shower), a laundry room, and a large open workspace/reception area. The property is Tenant Occupied until Oct. 1, 2027. Conveniently situated in Kalihi-kai, the property offers easy access to Nimitz Highway and the H-1 Freeway, and is just minutes from Downtown Honolulu, Daniel K. Inouye Airport, and Honolulu Harbor. Don’t miss out on this prime fee simple opportunity! Actual Square Footage is larger than what's noted on Loopnet (approx. 6,712sf).
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$110,987
|
$25.22
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $110,987 |
| Annual Per SF | $25.22 |
Property Facts
| Price | $3,401,808 CAD | Rentable Building Area | 4,400 SF |
| Price Per SF | $773 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1975 |
| Cap Rate | 3.26% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.36/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24 ft |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.11 AC | Opportunity Zone |
Yes
|
| Price | $3,401,808 CAD |
| Price Per SF | $773 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.26% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.11 AC |
| Rentable Building Area | 4,400 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 1.36/1,000 SF |
| Clear Ceiling Height | 24 ft |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Utilities
- Water - City
- Sewer - City
1 of 1
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 1-1-2-004-065-0000 | Improvements Assessment | $551,571 CAD |
| Land Assessment | $1,874,888 CAD | Total Assessment | $2,426,459 CAD |
PROPERTY TAXES
Parcel Number
1-1-2-004-065-0000
Land Assessment
$1,874,888 CAD
Improvements Assessment
$551,571 CAD
Total Assessment
$2,426,459 CAD
zoning
| Zoning Code | I-2 (Intensive Industrial Area.) |
| I-2 (Intensive Industrial Area.) |
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1628 Democrat St
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