50 Sand Island Acc Honolulu HI 96819 · Neighborhood: Kapalama · Region: Metro · MLS: 2615935 · TMK: 1-1-2-023-052-0000 & History 

Show all 1 photos. Updated 2/20/2007 9:09:35 PM
Expired. It was offered at $3,000,000 LH
Location
Prop Type: Commercial
Region: Metro
Neigh: Kapalama
50 Sand Island Acc
Honolulu HI 96819
Area
Interior sf:4,500
Other sf:240,000
Total sf:244,500
Floor sf:0
Building sf:244,500
Land sf:129,755
Land acres:2.979
Financials
Gross Income:490,904
Operating Exp:471,114
Net Operating Inc:19,790
Price Info
List Price:3,000,000 LH
List Price orig:3,000,000 LH
Min deposit:0
Fee Purchase:
Sales Price:0 LH
Concessions:0
Net SP:0 LH
Other
Parking 20
Stories 2
Units 1
Floor 0
Comm'l spaceYes
Remarks
Seller:This is an existing restaurant and marina business that is located on DLNR regulated land. Upon termination of existing land lease agreement there is no guaranty that DLNR will re-negotiate. There are 4500 shares of stock issues to La Mariana Sailing Club which are included in this sale. The buyer will have exclusive rights to the name LMSC.
Property Features
Amenities
ADA Accessible
Chill Room
Office
Private Restroom
Public Restroom

Construction
Food Quality
Wood Frame

Condition
Fair

Cool System
None

Disclosures
Buyer Restrictions
Call Listor
Court Approval Required

Documents
Lease Documents
Profit and Loss Stmt
Easements
Other

Expense Info
Accountant

Income Info
Accountant

Floors
Concrete
Other

Frontage
Industrial
Main Street

Land Recorded
None
Lease Type
Other

Lessee Pays
Electricity
Gas
Janitorial/Trash Removal
Lease Rent
Liability Ins
Real Estate Taxes
Water

Listing Broker
RE/MAX Honolulu

Loading
Other

Parking
On Site
Street

Sale Conditions
Terms
Cash
Open
Roof
Shingle

Type
Condo/Apt
Free Standing
Office
Other
Restaurant

Utilities
Gas
Heavy Electricity
Small Water Meter

Sewer
Connected

Zoning
I-2 General Industrial Dis
More Information
Property Management
Company:N/A
Phone:
 
Public Report
Number0
 
Built
Year1975
Lease Info
LandlordDLNR
LessorDLNR
Renegotiation7/14/2013
Lease expires7/14/2013
 
YearRent per month
Current 2013 6,000
Step up 1 0 6,000
Real Property Tax 2006
Assessed
Land1,234,100
Improvement92,700
Total1,326,800
Yearly
Tax Rates 100
0 Days on MarketKey Dates
Original listing 8/11/2006
List 8/25/2006
Photo 2/20/2007
Modified 7/29/2007
Price Change
Status Change 7/29/2007
Temporary Withdrawn
Back on Market 12/25/2006
Off Market 7/29/2007
Withdrawn
Pending
Closed
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Commercial 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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