Bought with Tre Kronor Private Client Svcs
$1,500,000
$2,000,000
25.0%For more information regarding the value of a property, please contact us for a free consultation.
1950 Kalihi ST Honolulu, HI 96819
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Kalihi-Upper
MLS Listing ID 202209168
Sold Date 09/16/22
Construction Status Excellent
HOA Y/N No
Year Built 1961
Annual Tax Amount $24,000
Property Sub-Type Industrial
Property Description
Kalihi neighborhood service station with longtime tenant (Hele/Tesoro Gas) for sale. Location is conveniently right off Likelike Highway and School Street. Tenant is currently under 1 of 4 extension options of 5-years each. Tenant also invested $300,000 into the property with new fuel tanks, pumps, pump canopy and convenience store in 2015-16. Current lease rent is guaranteed for $5892 a month till end of 2022 then increases to $6482 per month 2023-2024. Each lease extension from end of 2024 increases 10% every five years.
Location
State HI
County Oahu
Area Metro
Interior
Interior Features Handicap Access
Cooling Central Air
Flooring Concrete
Fireplace No
Exterior
Parking Features On Site
Utilities Available Electricity Available
Building
Story 1
Entry Level One
Sewer Other
Level or Stories One
Construction Status Excellent
Others
Tax ID 1-1-3-028-055-0000
Financing Other
Special Listing Condition None
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