deal image
711 Kapiolani BlvdHonolulu, HI 96813
Pacific Park Plaza
Asset ClassOffice
93% Leased Class A Office Investment Opportunity
overview of deal

Overview

Cushman & Wakefield’s National Office Advisory Group is pleased to present the opportunity to acquire the 100% leasehold interest in Pacific Park Plaza (the “Property” or “Buildings”), two recently renovated, Class A office buildings situated on an entire city block in downtown Honolulu, Hawaii. The Property totals 254,658 rentable square feet and includes a 5-level parking structure on an adjacent lot that provides ample parking. Considered one of the premier office properties in Hawaii, Pacific Park Plaza is 93% leased to a diverse tenant base anchored by Kaiser Permanente and Hilton Hotels. The Property benefits from its strong rent roll with 55% credit tenancy and 43% of its tenants having been at the property for more than 15 years.

Access the Data Room

Investment Highlights

  • Premier, Class A Honolulu Office Property with Full City Block Identity
  • Desirable Kaka'ako Location in the Heart of Honolulu, between Downtown & Ala Moana
  • ±$8.4M Capital Investment in Building Systems, Interior & Exterior Improvements
  • Exceptionally Strong & Stable Rent Roll
  • Favorable Ground Lease Terms with Fixed Rent Increases Offering Predictability
  • Rich Amenity Base (93 Walk Score) and Convenient Local + Highway Access

PROPERTY OVERVIEW

Pacific Park Plaza
Address
711 Kapiolani Boulevard, Honolulu, Hawaii
Profile
Two office buildings and one parking structure
Total RSF
254,658
Stories
High-rise: 15, Low-rise: 2
Occupancy
93%
WALT
5.3 Years
Ground Lease Expiration
December 31, 2089
711 Kapiolani BlvdHonolulu, HI 96813

Inquire

Listing provided by LightBox Revere