81 Makawao Avenue Makawao, HI 96768

Listing agency Coldwell Banker Property Management - Commercial Division

Listed by Chris Millen · License #RB-21385

Source Crexi

Added: Apr 11 Updated: Jul 22 at 8:32PM Checked: Jul 22 at 8:32PM

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Investment Insights

Based on property information with market context.

Pukalani Square is a fee simple shopping center offered for sale. The property is described as being in very good condition with little to no deferred maintenance required, and it includes ample parking and ocean views. Current tenants include Diagnostic Laboratories, a State Farm Insurance Agency, Kojima’s Japanese Restaurant, medical and real estate offices, and a commercial kitchen.

The center is located at 81 Makawao Avenue in Makawao, Hawaii. The property also has a residential unit behind the center, which may support additional rental income or an on-site manager, depending on how it is handled.

As presented, the tenant mix and on-site facilities provide a practical, income-oriented commercial setup within a multi-tenant retail and office environment.

Key Highlights

• Fee simple income property (Pukalani Square) with projected 2019 NOI at a 5.2% cap rate
• Very good condition with little to no deferred maintenance required
• Ample parking available for tenants and customers

Property Analytics

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FAQs

What type of property is this?

Shopping center - Fee simple shopping center in very good condition with ample parking and ocean views, plus multiple current tenants.

Where is this shopping center located?

The property is located at 81 Makawao Avenue Makawao, HI.

What are key features of this property?

This property features: Fee simple income property (Pukalani Square) with projected 2019 NOI at a 5.2% cap rate; Very good condition with little to no deferred maintenance required; Ample parking available for tenants and customers