COMMERCIAL INVESTMENT STRATEGIES · 2018. 5. 17. · COMMERCIAL INVESTMENT STRATEGIES 125 Ohai...
4
COMMERCIAL INVESTMENT STRATEGIES The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or repre- sentation about it. Buyer to confirm and consult with their tax, financial, legal advisors, architect, engineers, environmental consultants, zoning consultants, and other professionals and conduct its independent due diligence studies. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Pictures are conceptual and not to scale and proportion. Commercial Investment Strategies represents Owner only. Christina Low Dwight RB-20978 Principal Broker Mobile: 808.429.1098 Office: 808.596.2066 E-mail: [email protected] www.CommercialInvestmentStrategies.com 126 Queen St. #301, Honolulu, HI 96813 125 Ohai Street Wahiawa, HI 96786 $3,800,000 Fee Simple MLS: 201725387 TMK: 1-7-3-002-017 AVAILABLE! 18 Units 6 Two-Bedrooms 12 One-Bedrooms 18 Parking Spaces 10,136 SF A-2 Zoned Land Existing cap rate is 5.6% on asking price! Where else are you going to find that kind of return on any Hawaii real estate? Turn Key building with all units upgraded and shiny new exterior. Below market rents in a growing market with proximity to Wheeler Air Force Base and Schofield Army base. Close to boutiques, eateries, and directly behind Walgreens and Teddy’s Bigger Burger. Plus, world- class surfing on the North Shore of Oahu is just a 20 minute drive away! Huge lot with great parking 60 foot height limit for future development.
Transcript of COMMERCIAL INVESTMENT STRATEGIES · 2018. 5. 17. · COMMERCIAL INVESTMENT STRATEGIES 125 Ohai...
COMMERCIAL INVESTMENT STRATEGIES
The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or repre-sentation about it. Buyer to confirm and consult with their tax, financial, legal advisors, architect, engineers, environmental consultants, zoning consultants, and other professionals and conduct its independent due diligence studies. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Pictures are conceptual and not to scale and proportion. Commercial Investment Strategies represents Owner only.
Christina Low Dwight RB-20978Principal BrokerMobile: 808.429.1098Office: 808.596.2066E-mail: [email protected]
www.CommercialInvestmentStrategies.com
126 Queen St. #301, Honolulu, HI 96813
125 Ohai StreetWahiawa, HI 96786$3,800,000 Fee Simple MLS: 201725387TMK: 1-7-3-002-017
AVAILABLE!18 Units6 Two-Bedrooms12 One-Bedrooms18 Parking Spaces10,136 SFA-2 Zoned Land
Existing cap rate is 5.6% on asking price! Where else are you going to find that kind of return on any Hawaii real estate? Turn Key building with all units upgraded and shiny new exterior. Below market rents in a growing market with proximity to Wheeler Air Force Base and Schofield Army base. Close to boutiques, eateries, and directly behind Walgreens and Teddy’s Bigger Burger. Plus, world-class surfing on the North Shore of Oahu is just a 20 minute drive away! Huge lot with great parking 60 foot height limit for future development.
COMMERCIAL INVESTMENT STRATEGIES
125 Ohai Street, Wahiawa, HI 96786
Property Type Amount Rental Rate
One-bedrooms 12 $1,100
Two-bedrooms 6 $1,300
Parking 18 no charge
Incomes Rental Income $252,000
Gross Rental Income $252,000.00
Late Fees/ Insf Funds $2,000.00 average over 3 years
Laundry ($450/mo) $4,860.00 average over 3 years
Gross Annual Income $258,860.00
Expenses $252,000
General Excise Tax $11,648.70
Real Property Taxes $5,961.00
Repairs & Maintenance $3,000.00
Common Area Electric $4,000.00 each unit is sepa-rately metered
Water $15,000.00
Trash $3,000.00
Insurance $4,859.00
Gross Expenses $47,468.70
Net Operating Income $211,391.30
Price $3,800,000.00
Cap Rate on Asking Price 5.6%
The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or repre-sentation about it. Buyer to confirm and consult with their tax, financial, legal advisors, architect, engineers, environmental consultants, zoning consultants, and other professionals and conduct its independent due diligence studies. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Pictures are conceptual and not to scale and proportion. Commercial Investment Strategies represents Owner only.
Income/ Expenses Pro Forma Income/ Expenses
Property Type Amount Rental Rate
One-bedrooms 12 $1,166.67
Two-bedrooms 6 $1,416.67
Parking 18 no charge
Incomes Rental Income $252,000
Gross Rental Income $270,000.00
Late Fees/ Insf Funds $2,000.00 average over 3 years
Laundry ($650/mo) $7,800.00 average over 3 years
Gross Annual Income $279,800.00
Expenses $252,000
General Excise Tax $12,591.00
Real Property Taxes $5,961.00
Repairs & Maintenance $3,000.00
Common Area Electric $4,000.00 each unit is sepa-rately metered
Water $15,000.00
Trash $3,000.00
Gross Expenses $43,552.00
Net Operating Income $236,248.00
Price $3,800,000.00
Cap Rate on Asking Price 6.22%
COMMERCIAL INVESTMENT STRATEGIES
125 Ohai Street, Wahiawa, HI 96786
Rental Comps
Address Type Rent
176 Ohai 1 bedroom $1,050.00
55 Walker 1 bedroom $1,250.00
225 Ohai 1 bedroom $1,200.00
AVERAGE $1,166.67
Address Type Rent
237 Ohai 2 bedroom $1,450.00
58 Kukui 2 bedroom $1,350.00
225 Ohai 2 bedroom $1,450.00
AVERAGE $1,416.67
The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or repre-sentation about it. Buyer to confirm and consult with their tax, financial, legal advisors, architect, engineers, environmental consultants, zoning consultants, and other professionals and conduct its independent due diligence studies. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Pictures are conceptual and not to scale and proportion. Commercial Investment Strategies represents Owner only.
COMMERCIAL INVESTMENT STRATEGIES
125 Ohai Street, Wahiawa, HI 96786
The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or repre-sentation about it. Buyer to confirm and consult with their tax, financial, legal advisors, architect, engineers, environmental consultants, zoning consultants, and other professionals and conduct its independent due diligence studies. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Pictures are conceptual and not to scale and proportion. Commercial Investment Strategies represents Owner only.
Rent Roll
Unit Type Rent Deposit Term Term Began Notes
101 two-bedroom $1,300 $1,300 MTM 12/1/15
102 one-bedroom $1,000 $975.00 MTM 11/1/15
103 one-bedroom $1,100 $1,100 MTM 6/22/16 section 8
104 one-bedroom 1100 $1,100 12/27/17 4/26/16
105 one-bedroom $1,025 $975.00 MTM 11/1/15 section 8
106 VACANT vacant on the market
201 two-bedroom $1,325 $1,250 MTM 12/1/15
202 one-bedroom $1,000 $1,000 MTM 5/1/16
203 one-bedroom $1,100 $1,100 3/31/18 3/1/17
204 one-bedroom $1,250 $1,250 4/30/18 4/27/17 section 8
205 two-bedroom $1,100 $1,100 MTM 11/14/16
206 two-bedroom $1,300 $1,300 MTM 9/11/15 section 8
301 two-bedroom $1,325.00 $1,300.00 MTM 5/1/17
302 one-bedroom $1,050.00 $1,050.00 MTM 1/1/16
303 one-bedroom $1,100.00 $1,100.00 MTM 7/5/17
304 one-bedroom $1,100.00 $1,100.00 MTM 10/17/16 "section 8- notice to vacate provided on 11/30/17"
305 one-bedroom $0.00 $1,075.00 MTM 11/1/15 section 8
306 VACANT under renovation
TOTAL $12,600.00 $12,450.00
