Hot Property: Say ‘aloha’ to Hawaiian MOB for sale

The two-building, 51,545 square foot Kapolei Medical Park in the city of Kapolei, 20 miles west of downtown Honolulu, is offered for sale by James Campbell Co. (Photo courtesy of Sofos Realty Corp.)

The two-building, 51,545 square foot Kapolei Medical Park in the city of Kapolei, 20 miles west of downtown Honolulu, is offered for sale by James Campbell Co. (Photo courtesy of Sofos Realty Corp.)

Facility in Kapolei, west of Honolulu, is 97% leased with Kaiser as major tenant

Name: Kapolei Medical Park
Address: 599 Farrington Highway
City: Kapolei, Hawaii
Number of buildings: 2
Square footage: 51,545
Lot size: 3.47 acres
Occupancy: 97%
Seller: James Campbell Co.
Largest tenant: Kaiser Permanente (30%)
Buildings completed: 1999
First year NOI: $1.1427 million
Parking ratio: 6.13 / 1,000 SF
Brokers: Craig L. Neher, S. Steven Sofos
Brokerage firms: Sofos Realty Corp. and Cushman & Wakefield

KAPOLEI, Hawaii – We’d be very “hau’oli” if we’d traveled to Hawaii to track down information and get a look at this month’s Hot Property, but sadly that just wasn’t the case. If interested, you’re going to have to check it out yourself, most likely flying into Honolulu International Airport and hopping in a car for the 15-mile drive west, passing Pearl Harbor along the way.

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