Scoop USA best property company

Scoop USA best property company

Scoop USA best property company

Scoop USA best property company

Home | Union Plaza

Property Listing Details

1136 Union Mall, Honolulu, HI, Hawaii, Honolulu

Price : $ 9,300,000

Show Price in YEN:

Space (SF) : 62,115SF

Property Type : Others

Year Built : 1966

Description

Rare Opportunity To Own A 62,000 Square Foot Office Building In Downtown Honolulu. The Union Plaza Building Is Located On The Upper End Of The Central Business District In Honolulu, Situated Next To 1132 Bishop Place, A 500,000 Sq Ft Office Building Which Will Be Converted Into 500 Workforce Rental Apartment.

This Property Is Being Currently Used As An Office Building, But Can Also Be Re-purposed For Other Uses Including Residential And Hotel. The Current BMX-4 Zoning Provides The Most Flexibility Of All Zoning In Honolulu.

A New Co-Working Office Is Completing Construction Work On The 4th Floor And Will Open In March 2020. Other Ongoing Renovation Work Include Updating The 1st Floor Lobby Area, And Improving The Exterior Facade Of The Building.

Current NOI Is $540,000 With Opportunity To Grow Income Through Leasing The Remaining Spaces (25% Vacancy). Property Does Not Have On Site Parking But There Are Many Paid Parking And Street Parking Opportunities Nearby.

Property Highlights

  • Property Name : Union Plaza
  • Space (SF) : 62115SF
  • Price : $9,300,000

Map

eNewsletter Sign Up