1022 Bethel St - Office FOR SALE


Honolulu, HI 96813
$8,000,000 USD
808-208-8101
1022 Bethel St, Honolulu, HI for Sale
$8,000,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

1022 Bethel St
Honolulu, HI 96813


HIGHLIGHTS

  • PRIME LOCATION at the corner of Bethel and South King Streets across from the previous Walmart location on Fort Street Mall
  • IDEAL FOR AN OWNER-USER who intends to occupy part of, or the entire building, with its business
  • EXCELLENT CONDITION of interior spaces and common areas
  • SECURED ACCESS off of Bethel Street
  • ABILITY TO HAVE NAMING RIGHTS for the Property by a new owner
  • TWO ELEVATORS providing convenient access throughout the building

OVERVIEW

Standard Commercial LLC is pleased to present a rare opportunity for an owner-user or investor to acquire the fee simple interest in the office property located at 1022 Bethel Street. This property, serviced by an elevator, has been meticulously maintained with “Class A” finishes by its current tenant, Island Insurance. The tenant will be vacating at the end of 2024, making the property available for immediate occupancy. The property features approximately 49,574 square feet of building area, including first-floor retail spaces with high visibility fronting South King and Bethel Streets. Situated in the heart of Honolulu’s downtown renaissance, it is adjacent to several significant redevelopments, including residential condominiums and retail spaces. This is an exceptional opportunity for a business to establish a strong presence and legacy in downtown Honolulu, benefiting from the ongoing revitalization and growth of the area.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Island Insurance Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,115 SF

ZONING

BXM-4

APN/PARCEL ID

1-2-1-002-040-0000

ASK ABOUT THIS PROPERTY

Ian ClagstoneStandard Commercial LLCMore Info
808-208-8101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ian ClagstoneStandard Commercial LLCMore Info
808-208-8101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.