Commercial Property Sold: 101 AUPUNI ST, , in Big Island of Hawaii

SOLD
MLS: 297627

Building: Hilo Lagoon Centre #1014C
Asking Price: $440,000 Fee Simple
Sold Price: $425,000
Sold Date: 10/26/2016
Type: Commercial
District:
Street: 101 Aupuni St
Neighborhood: Kaiko\'o Project
Baths: 1
Living Area: 2,875 SF
Style: Office
Land Area: 4 Acres
Parking: Assigned
Days on Market: 2831
Year Built: 1971
Zoning: CG-7.5
Roads: County,Paved
Property Taxes: $7,855
Assessed Value: $655,700
Assessed Ratio: 67.1%
Listing Courtesy: Elite Pacific Properties LLC - Waikoloa
Terms Acceptable: Cash,Conventional

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Investment Commercial Penthouse Hilo Lagoon Centre.

Investment opportunity Hilo Lagoon Centre Penthouse space 2,875 sf,
Presently rented to the University of Hawaii. Gross income of $75,765.60 annually. Cap rate of 8.81% annually. This is a NNN lease with all expenses being paid by Tenant. Great views of the ocean and mountains from a prestigious location in Hilo\'s government center. Adjacent to State, County and Judiciary buildings.Penthouse Unit on the top floor of the Hilo Lagoon Centre with sweeping views of Mauna Kea to Hilo Bay and Wailoa River.
Excellent location in the center of the Kaiko business district.

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