Skip to main content Skip to footer
  • For sale
Kalihi Business Center Fee Simple For Sale 2130 N King Street - #1
Kalihi Business Center Fee Simple For Sale 2130 N King Street - #2
Kalihi Business Center Fee Simple For Sale 2130 N King Street - #3

For Sale

$5,980,000 USD

The Kalihi Business Center is a highly visible property located in the heart of Kalihi on North King Street. The multi-tenant retail property is fee simple and is home to numerous longstanding local-serving retailers.  The property is 100% leased with 9 tenants and has been well-maintained with capital improvements invested in recent years that will minimize immediate investment requirements.


This asset will well serve 1031 exchange buyers by offering a “going-in” cap rate of 5.2% with reduced risk due to the multi-tenant nature of the property, as well as offering value enhancement opportunities through:



  • Revising all leases to be NNN to maximize expense reimbursements, as several leases are modified gross.

  • Adjust below-market rents upon renewal.

  • Invest additional dollars to reposition property and further increase rents.


In addition to the stabilized nature of the asset, the property is well positioned for redevelopment, with highlights that include:



  • BMX zoning that could allow for residential and mixed-use.

  • Height limit of 200 ft height can allow for tower residential development.

  • Floor Area Ratio (FAR) of 2.5 could allow “by right” 62,500 square feet of building area. Allowed uses include retail, food & beverage, office, warehouse, apartments, residential condominiums.