87-64 Farrington Hwy, Waianae, HI 96792
Premier shopping center on Waianae coastline, investment opportunity.
- Added:
- Sep 12, 2024
- Days on Market:
- 644
- Last Refresh:
- May 12 at 10:49 pm
Property Features for 87-64 Farrington Hwy
General Information
- Standard status
- Active
- Size
- 8,304 SF
- Property subtype
- Retail
Listing agent Kelly Vea License #Hawaii
Listing office CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
Listing date Sep 12, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
HighLights
- Premier shopping center on the Waianae coastline.
- Prime location directly across from Maili Beach.
- Breathtaking ocean views.
- Stable, income‑producing asset with significant upside potential.
- Diverse and established tenant base.
- Three‑story, multi‑tenant property.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.8k | $39.72 |
| − Vacancy | −$15.8k | −$1.91 |
| EGI | $314.0k | $37.81 |
| − OpEx | −$94.2k | −$11.34 |
| NOI | $219.8k | $26.47 |
Alternative Uses
Current Use by Public Records
Map
- City
- Waianae
- County
- Honolulu
- State
- Hawaii
- Longitude
- -158.175023
- Latitude
- 21.430115
