1365 Nuuanu Ave Honolulu, HI 96817

Nuuanu Square is a mixed-use asset located near Honolulu’s Central Business District and Chinatown. The property includes an 8,245 square foot retail building and a 6,747 square foot office building, situated on 20,125 square feet of land. The two-story retail building hosts tenants such as a pizza restaurant, a cycling and triathlon shop, and a bubble tea shop. The three-story office building offers secure entry access to the second and third floors, with 15 reserved covered parking stalls and 6 reserved uncovered parking stalls on the ground floor. The property also features 24 customer parking spaces in front of the retail building. There is potential to lower operating expenses by enhancing energy efficiencies, such as a photovoltaic system and conversion to LED lighting. There is potential to attract more customers by adding a new anchor tenant or upgrading the tenant mix of the center. There is potential to redevelop the site with a residential component. There is upside potential by filling vacancies, increasing below market rents and monitoring of gross sales. There is potential to generate more vehicle and foot traffic by modernizing the aesthetic appeal of the common areas and developing a master signage plan. The property is within a half-mile of the future Chinatown Rail Station.