345 Royal Hawaiian Ave.
Top

Sambazis Retail Group

Leaders in Retail Investment Sales

345 Royal Hawaiian Ave.

Offerings

345 Royal Hawaiian Ave.

345 Royal Hawaiian Ave.

Honolulu, HI

Price:
$12,995,000
Rentable SQFT:
5,864 SF
Year Built:
1958/2000
Lot Size:
0.0826 +/- Acres
Status:
Available
Investment Highlights
  • Extremely Rare Opportunity to Acquire Fee-Simple Ownership of Prime Land in Downtown Waikiki
  • Supply-Constrained Market with High-Barriers to Entry and Strengthening Market Fundamentals
  • High Replacement Costs, Appreciating Land Values, Generational Landowners, and Lack of Development Sites Provides Tremendous Growth Opportunities for Existing Buildings as an Investment
  • Infill Location with Over 286,000 Residents in Immediate Trade Area
  • Surrounded by Affluent Communities, Average Household Income Exceeds $103,000 within 3 Miles and $108,000 within 5 Miles
  • Just Off Kalakaua Avenue, One of the Top Retail Streets in the Nation Behind New York’s Fifth Avenue, Beverly Hills’ Rodeo Drive and San Francisco’s Union Square for Both Rents and Prestige
  • Across from Waikiki Galleria Tower, Recently Sold for $270 Million with Plans to be Redeveloped
  • Walking Distance to Waikiki Beach, a Globally Recognized Icon of Hawaii and the State’s Largest Tourist Destination
  • Waikiki Generates Approximately 42% of the State’s Visitor Industry Revenue and is Responsible for $5 Billion of the Gross State Product
  • Close Proximity to Sheraton Waikiki, Royal Hawaiian Hotel, Royal Hawaiian Center, Ala Moana Regional Park, and Diamond Head
  • More Than 30,000 Hotel Rooms Nearby and Down the Street from the Award-Winning 1.1 Million SF Hawaii Convention Center
  • 2 Miles to Interstate H-1 with 175,000 Cars/Day and Direct Access to Downtown Honolulu, the Busiest Highway in the State
  • Minutes to the University of Hawaii at Manoa with 19,000 Students
  • Strong Daytime Population, Over 227,000 Employees within a 5-Mile Radius
Not Registered?

In order to view the Marketing Package and join our distribution list, please complete the fields below.

  • Your email address will be your username for future login.
  • Enter a password that will be used for future login. Keep record of this.

  • Confidentiality and Disclaimer

    The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sambazis Retail Group and should not be made available to any other person or entity without the written consent of Sambazis Retail Group. This Marketing Package has been prepared to provide a summary to prospective purchasers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Sambazis Retail Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Sambazis Retail Group has not verified, and will not verify, any of the information contained herein, nor has Sambazis Retail Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All prospective buyers must take appropriate measures to verify all of the information set forth herein.

    By accepting the terms of this Disclaimer you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

  • This field is for validation purposes and should be left unchanged.
For more information, please contact:

Phil Sambazis

Executive Managing Director

(858) 373-3174

Email & Bio »

Avalon Commercial LLC

Broker of Record

Liencse: RB-18967