Institutional Property Advisors (“IPA”) is pleased to present for sale Puna Kai Shopping Center - the rare opportunity to acquire a new construction, fully leased grocery anchored center on fee simple land on the Big Island of Hawaii. Puna Kai Shopping Center is a 100% leased 113,425 SF Malama Market (Sullivan Family Of Companies) grocery anchored center, situated on approximately 9.93 acres of fee simple land in the Puna district of Hawaii on the windward (east) side of the Big Island, which is the fastest growing area of the Big Island, enjoying 37% population growth over the last 10 years and 86% over the last 20.
Offering Price: $68,000,000
GLA: 113,425 SF
Anchor: Malama Market (Sullivan Family Of Companies)
Assumable Financing: $38,000,000, 4.12% fixed, 30-year Amort, 6/2030 Maturity (may be delivered without debt as well)
BROKER OF RECORD
Commercial Asset Advisors, LLC
HI License No.RB-20869