Building Size: 81 ,569 SF
CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Sonic Healthcare’s facility at 99-193 Aiea Heights (the “Property”), located in Aiea, Hawaii. Lee Asher and Chris Bodnar partnered with Matthew Bittick from CBRE’s Hawaii Capital Markets Team, Will Pike from CBRE’s Net Lease Property Group, and Bruce Francis from CBRE’s Debt & Structured Finance to act as the seller’s exclusive advisors.
The sale was a fee simple single tenant NNN sale and long-term lease back from Sonic Healthcare Limited’s (ASX: “SHL”) Hawaii subsidiary, Clinical Laboratories of Hawaii (“CLH”). The property is an approximate 81,569 square foot, 4-story building that was completely refurbished in 2017 and situated on +/- 2.755 acres which CLH calls their main hub and named “The Heights”. It is the home to their core testing laboratory critical to their operations throughout the State of Hawaii. The lease is guaranteed by SLH, the world’s third largest pathology/laboratory medicine company with operations in eight countries and currently one of Australias top 50 Companies.
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