Spa Hawaii · cloaked address Honolulu HI 96815 · Neighborhood: Ala Moana · Region: Metro · MLS: 2712775 · TMK: 1-2-3-036-039-0001 & History 

Show all 7 photos. Updated 7/6/2007 5:10:46 PM
Inactive. Last Sold for 250,000 LH on 12/24/2007
Location
Prop Type: Business
Bus Type: Day Spa
SIC:
Region: Metro
Neigh: Ala Moana
Name: Spa Hawaii
1600 Ala Moana
Unit #Suite 100
Honolulu HI 96815
Area
Lot size sf3,400
Lot size acres0.078
Floor #1
Financials
Annual
Gross Income:625,000
Operating Exp:1
Net Op Inc:65,000
Price Info
List Price:250,000 LH
List Price orig:250,000 LH
Fee Purchase:
Sales Price:250,000 LH
Concessions:0
Net SP:250,000 LH
Remarks
Seller:Beautiful day spa located in prime area near Ala Moana & Waikiki Hotels. Highly upgraded with great upside potential, averaged $1M+ in sales in 2004 & 2005. Off-island owners have operated business at less than 50% capacity for past year due to other business concerns. Replacement value far exceeds asking price. Included in sale are all improvements, equipment, stock and agent accounts.Buyer:
Property Features
Amenities
A/C
ADA Accessible
ADA Compliant
Exterior Sign
Extra Storage
Private Restroom
Public Restroom
Rear Entry

Business Type
Services

Construction
Concrete

Days Open
Seven

Disclosures
Non Resident Owner

Documents
Furniture, Fixtures, Equipment
Lease Documents
Licenses
Profit and Loss Stmt
Employees

Frontage
Building Lobby
Main Street

Hours Open

Inclusions

Land Tenure
LH - Leasehold

Land Recorded
Regular System
Lease Type
Renewal Option

Lessee Pays
Common Area Maintenance
Insurance
Operating Expenses
Real Property Tax
Trash Removal
Utilities

Listing Broker
Elite Pacific Properties, LLC

Location
Downtown
Other
Residential
Shopping Center

Ownership
Corporate

Parking
26+ Spaces
Additional Charge
Possession
Close of Escrow
Immediate

Sale Conditions

Sold Terms

Stories
21+

Terms Offered
Cash
Conventional

Waste

Zoning
A-2 Medium Density Apartme

More Information
Miscellaneous
Business Established2001
Property Management Company:
Property Management Phone:
Franchise Fee:0
Lease Info
LandlordSSN Investment Inc
LessorSSN Investment Inc.
Renegotiation
Lease expires10/31/2010
 
YearRent per month
Current 2010 6,835
Step up 1 0 0
Step up 2 0 0
Real Property Tax 2006
Assessed
Land11,500
Improvement539,300
Total550,800
Yearly
Tax Rates 3,500
57 Days on MarketKey Dates
Original listing 6/21/2007
List 7/3/2007
Photo 7/6/2007
Modified 1/20/2008
Price Change
Status Change 1/20/2008
Temporary Withdrawn
Back on Market 8/28/2007
Off Market 12/24/2007
Withdrawn
Pending 8/28/2007
Closed 12/24/2007
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Business listing.
If you would like to work with a pro, contact:
Robin Glass, (R), PB, MBA
Hawaii Home + Commercial LLC
☎ 808-358-1774
glassr@hawaiihome.cc

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