91-262 Oihana Street, Kapolei, Hawaii
• 162,923 sf warehouse in Honolulu County Kapolei, HI, one of Oahu’s strongest industrial submarkets
• Kapolei submarket has 2.2% availability with minimal supply expected in the near term
• Property’s large floor plates, 24ft clear heights, and container capacity are rare for the Kapolei industrial market
• Purchased at approximately 66% of replacement cost through a Sale/Leaseback to Macy’s for 10 years on 52% of the square footage
• Business plan is to collect credit protected cash flows and increase rents to market upon expiration