750 Palani Ave - Medical FOR SALE


Honolulu, HI 96816
$6,200,000 USD
808-521-1200
750 Palani Ave, Honolulu, HI for Sale
$6,200,000 USD
Medical - FOR SALE
1/8
null | 7.03% Cap Rate

750 Palani Ave
Honolulu, HI 96816


HIGHLIGHTS

  • A fee simple single tenant absolute net lease medical outpatient and specialty dialysis treatment center in Honolulu, Hawaii
  • Established mission critical business, U.S. Renal Care has 16-locations throughout the State of Hawaii
  • Exceptional credit and owned by global private equity firm, Bain Capital Private Equity
  • Stable, absolute triple net lease structure that includes 3% annual rent increases
  • Low-to-no maintenance investment opportunity ideal for a 1031 Exchange
  • Tenant has invested substantial money into its FF&E and has improved the premises to meet required safety & quality standards

OVERVIEW

CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in a single tenant absolute net lease at 750 Palani Avenue (“the Property”) located on Oahu in the urban Kapiolani Submarket, Hawaii. The Property consists of approximately .25 acres of B-2 zoned land and a two-story elevator served concrete tilt up building that is 100% leased to USRC Kapahulu LLC and guaranteed by U.S. Renal Care Inc, its parent company. U.S. Renal Care (“Company”) serves more than 26,000 patients across 32 States and in more than 400 facilities providing in-center and home dialysis. In 2015 DSI Renal, the third largest company in this space, merged with the Company. In 2019 the Company developed a partnership with an investor group including Bain Capital Private Equity, Summit Partners and Revelstoke Capital Partners. Currently the Company has 16-locations throughout the State of Hawaii.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$574 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B-2 Commercial

APN/PARCEL ID

1-2-7-034-022-0000

ASK ABOUT THIS PROPERTY

Matthew BittickCBRE, Inc.More Info
808-521-1200

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Matthew BittickCBRE, Inc.More Info
808-521-1200

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