238 Sand Island Access Rd, Honolulu, HI 96819Show

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238 Sand Island Access Rd, Honolulu, HI 96819Show

Honolulu, HI | 80266 sq. ft. | Est $ 7,650,152.46/mo

Space Available:	80266 sq. ft.
Type:	Industrial - Warehouse
Est. Rent:	$105.90/SF/Month $1,270.80/SF/Year

EXCELLENT INVESTMENT OPPORTUNITYWith the rising interest rate environment and Hawaii cap rates averaging above 4% to 5.5%, a 12% return on this offering is 700 basis points above market.ANCHORED BY FORTUNE 500 COMPANYThe leading global healthcare company and the largest distributor of medical drugs in the world, AmerisourceBergen Corporation (#4 on Forbes Fortune 500 list), occupies over 70% of the building. The space is temperature controlled with clear height and loading docks fronting Sand Island Access Road.STABLE CASH FLOW FROM CREDIT TENANTS & HISTORICALLY HIGH OCCUPANCYThe property benefits from a strong stable cash flow and historically high occupancy from international, national, and local credit tenants.IN-PLACE RENTS BELOW MARKET WITH UPSIDE POTENTIALThere is potential for additional income by increasing rents to market rates as leases expire.CONVENIENT SAND ISLAND LOCATIONThe site is located on Sand Island Access Road, approximately three miles from the Daniel K. Inouye International Airport and less than two miles from the Harbor depots. The location provides easy access to freely transport containers.DESIRABLE; EFFICIENT BUILDING FOOTPRINTThe two-level, concrete tilt-up building was constructed with high ceiling heights, multiple bays, six (6) loading docks, interior columns, air conditioning and secured with an exterior chain link fence. The second level has drive-up capability and is accessible through a security gate.FACADE REFRESH BY MGA ARCHITECTSFull building repaint project in 2022 (complete by year-end 2022).

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Warehouse Property Information

238 Sand Island Access Rd provides tenants 80266 square feet of warehouse space for rent in Honolulu, HI.

This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.

For more details about 238 Sand Island Access Rd or any other warehouses in Honolulu, HI request a complimentary property report.

Our free comprehensive warehouse availability report provides the amount of loading docks/drive-in doors, clear height, AMPS, office square footage, detailed floor plans, infrastructure, and other important details about 238 Sand Island Access Rd, Honolulu, HI.

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Honolulu Local Warehouse Experts

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