Coast Properties Ltd - Big Island Real Estate

3 Commercial Bays across from Costco!

Property Property Property Property Property Property Property Property Property Property Property Property
73-5617 MAIAU ST
#1, 2, & 3
Kailua-Kona, HI 96740


  • Features
  • Interior
  • Exterior
  • Community
* Super High visibility with this corner location. Incredible drive-by traffic volume; across from Costco, and in the circulation pattern to Home Depot and many popular stores & businesses!!!

**This is a very GREEN building, incorporating renewable solar energy for all electric power needs. Extra insulation was built into the ceiling and walls, and all windows are tinted to minimize the need for airconditioning!

* Seller's half million dollar private 66 KW Photo Voltaic system (450 panels on the roof) generates more than enough electricty year round to supply the 3 bays with all their electricity!!

* Located in the Kaloko Business Park - 3 contiguous Condo Bays for Sale, very rare, and sold together, with owner to leaseback for a number of years at premium rates, or sell outright at Buyers option!

* Offering is based upon an 7.75% NET cap rate on purchase price!! That is VERY hard to find in Hawaii! Seller will lease back all three bays at premium rates NNN. If Buyer desires Seller to leaseback (Bay 1 until April 2018 @ $1.30/sq.ft + C.A.M.; and Bays 2 & 3 until April 2016 @ $1.10/sq.ft + C.A.M.), then Seller is willing to enter into an exclusive power purchase agreement to pay Buyer $2,000/month for the all the PV power produced. Total Annual income under the above terms is approximately $101,212!!

  • Neighborhood: Kaloko Business Park
  • Type: Commercial for Sale
  • Square Feet: 5,091
  • Year Built: 2004
  • Appliances
  • Central Air
  • Den/Office
  • Landscaping
  • View
  • Parking Lot
  • Pets Allowed

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Stathie J. Prattas (R) PB  GREEN, RSPS, ZPro
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