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Managing Director808.329.6446gogin@svn.comHI #RB-16053
Gregory G. Ogin, CCIM, CPM
PROPERTY HIGHLIGHTSFantastic location with great traffic flows
Landmark Building in the heart of Kailua-Kona
Cross streets are Kuakini Highway and Hualalai Road
High Visibility
Highly Trafficked - 20,000+ Vehicles/Day
Stable local tenants
PRESENTED BY:
FOR SALE | OFFICE
All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
TERRITORIAL CENTRE75-5753 Kuakini Highway | Kailua Kona, HI 96740
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
TERRITORIAL CENTER | 15,888 SF | KAILUA KONA, HI
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
DISCLAIMER
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used forany other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of theSVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving thesematerials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, andthere can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations orwarranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made availableto the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed anddelivered Real Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any oftheir officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochureare advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochureor making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable toOwner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to releasethe Owner and the SVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaserproceeds at its own risk.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 3
PROPERTY OVERVIEW
An attractive prime office building, well located at the intersection of Kuakini Highway and Hualalai Roadin the center of Kailua-Kona, Hawaii. The subject property offers healthy cash flows and stable tenantswith significant upside potential due to the below market leases currently in place. In easy walkingdistance to the retail, visitor and business centers of Kailua-Kona, the State public library, the KailuaVillage Open Market, various popular restaurants, and the Pacific Ocean.
Conveniently located in the center of Kailua-Kona town. Kuakini Highway frontage and ease of access. Inwalking distance to the visitor, business and retail centers of Kailua-Kona, popular restaurants, andcommunity attractions. Highly Trafficked - 20,000+ Vehicles/Day. High visibility and street presence.
PROPERTY HIGHLIGHTS
• Fantastic location with great traffic flows
• Landmark Building in the center of Kailua-Kona
• Cross streets are Kuakini Highway and Hualalai Road
• High Visibility
• Highly Trafficked - 20,000+ Vehicles/Day
• Stable local tenants
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
EXECUTIVE SUMMARY
Executive Summary
PROPERTY SUMMARY
SALE PRICE: $4,500,000
LOT SIZE: 0.76 Acres
BUILDING SIZE: 15,888 SF
BUILDING CLASS: B
YEAR BUILT: 1984
RENOVATED: 2010
ZONING: CV-7.5
MARKET: North Kona
SUB MARKET: Kailua-Kona
CROSS STREETS: Kuakini Highway And HualalaiStreet
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
PROPERTY OVERVIEW
Property OverviewHI #RB-16614
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 4
Construction
Year Built: 1984Construction Type: Wood FrameNumber of Stories: 2Average Floor Size: 7,795
Foundation: Concrete SlabParking Surface: AsphaltNumber of Units: 24
Roof: Flat
Physical Description
Property Name: Territorial CentreType of Ownership: Fee Simple
Property Type: OfficeAPN: 3-7-5-22-1
Lot Size: 0.76 ACRentable SF: 15,888
Building Class: BZoning: CV-7.5
Parking Spaces: Covered and Open ParkingParking Ratio:
Building Frontage: Kuakini HighwayCross Streets: Kuakini Highway and Hualalai Street
Interior Finish
Walls: Drywall over metal studCeilings: Dropped acoustic tile
Floor Coverings: Tile, carpet (per suite)Restrooms: ADA-compliant (per suite)
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 5
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
LOCATION MAPS
Located On The Big Island Of Hawaii
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 6
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
RETAILER MAP
In The Heart Of Kailua-Kona
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 7
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
RETAILER MAP
At The Intersection Of Kuakini & Hualalai
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 8
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
SECTION 4 | ADDITIONAL INFORMATION
Centrally Located, High Visibility
75-5753 Kuakini Highway | Kailua Kona, HI 96740
TERRITORIAL CENTREFOR SALE | OFFICE
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1 SALES COMPARABLES
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 10
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
SECTION 1 | SALES COMPARABLES
Sale CompsSUBJECT PROPERTY
75-5753 Kuakini Highway | Kailua Kona, HI 96740
$4,500,000Sale Price:
0.76 ACLot Size:
1984Year Built:
15,888 SFBuilding SF:
$283.23Price PSF:
1000 HENRY STREET BUILDING - SOLD75-1000 Henry Street | Kailua-Kona, HI 96740
$3,100,000Sale Price:
1.49 ACLot Size:
1997Year Built:
30,505 SFBuilding SF:
$101.62Price PSF:
03/09/2018Closed:
50.0%Occupancy:
1
Office/Retail Building located on the highest trafficked intersection in Kailua-Kona. Retail Storefront unitformerly occupied by Border's Books. Located adjacent to WalMart, Lowes and Safeway. Leasehold.Property remained on the market for 732 days.
ATRIUM COURT - FOR SALE75-167 Kalani Street | Kailua-Kona, HI 96740
$1,550,000Sale Price:
0.35 ACLot Size:
1990Year Built:
7,456 SFBuilding SF:
$207.89Price PSF:
7.1%CAP:
77.0%Occupancy:
2
Conveniently located in the center of town adjacent to highly trafficked Kuakini Highway. In walkingdistance to the business/visitor/retail centers of Kailua-Kona. As of 04/06/18, on the market for 1,649days. Fee Simple.
BALI KAI BUSINESS CENTER - SOLD76-6241 Alii Drive | Kailua-Kona, HI 96740
$400,000Sale Price:
0.18 ACLot Size:
1983Year Built:
2,352 SFBuilding SF:
$170.07Price PSF:
02/15/2014Closed:
3
Smaller 2-story Office/Retail Building, conveniently located off of Alii Drive across from the ocean. Greatstreet recognition, on heavily trafficked roadway. Sold within 46 days of going on the market.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 11
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
SECTION 1 | SALES COMPARABLES
Sale CompsCROSSROADS PROFESSIONAL CENTER - SOLD75-1029 Henry Street | Kailua-Kona, HI 96740
$4,545,233Sale Price:
0.956 ACLot Size:
17,744 SFBuilding SF:
$256.16Price PSF:
6%CAP:
08/25/0016Closed:
98.0%Occupancy:
4
Class A Office Building located in the heart of Kailua-Kona with easy street access. Centrally located on amain corridor with proximity to businesses/shopping/residences. This Property remained on the marketfor 119 days.
HRA SUNSET DRIVE - SOLD77-311 Sunset Drive | Kailua-Kona, HI 96740
$1,150,000Sale Price:
0.37 ACLot Size:
1990Year Built:
4,481 SFBuilding SF:
$256.64Price PSF:
10/22/2013Closed:
5
Office Medical Building, conveniently located in Kailua-Kona, off of Queen Kaahumanu Highway.Well-maintained, plenty of onsite parking. Well-known building. 330 days on the market.
KONA PROFESSIONAL BUILDING - SOLD75-169 Hualalai Road | Kailua-Kona, HI 96740
$2,300,000Sale Price:
0.34 ACLot Size:
2007Year Built:
14,752 SFBuilding SF:
$155.91Price PSF:
8.4%CAP:
06/03/2016Closed:
100.0%Occupancy:
6
Full Occupancy. $169.13 per Square foot. Conveniently located in walking distance to retail/visitors/business centers. Newer construction, well-maintained with amenities. This property remained on themarket for 193 days.
LENDER'S DOCUMENT BUILDING - SOLD77-6403 Nalani Street | Kailua-Kona, HI 96740
$2,200,000Sale Price:
0.71 ACLot Size:
1976Year Built:
12,822 SFBuilding SF:
$171.58Price PSF:
8.93%CAP:
02/05/2014Closed:
7
Conveniently located, well-maintained Office/Retail Building minutes away from Kailua-Kona's retail/visitor/business centers, with plenty of on-site parking. Ocean views, with ease of access off of QueenKaahumanu Highway. Property sold in 112 days of going on the market.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 12
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
SECTION 1 | SALES COMPARABLES
Sale CompsLUNAPULE PLAZA - FOR SALE75-127 Lunapule Road | Kailua-Kona, HI 96740
$3,499,000Sale Price:
0.73 ACLot Size:
1991Year Built:
15,600 SFBuilding SF:
$224.29Price PSF:
100.0%Occupancy:
8
Well-designed office building with ample parking. In very close proximity and walking distance to the retail/visitor/business centers of Kailua-Kona. Huge price reduction! 2 story building, approved 24 condo units, building is in greatshape, landscaped throughout, great tenants, High street recognition. As of 04/06/18, property has been on the marketfor 4,013 days.
SELWYN PLAZA - SOLD86-8627 Mamalahoa Highway | Kealakekua, HI 96750
$970,000Sale Price:
1989Year Built:
4,000 SFBuilding SF:
$242.50Price PSF:
6.5%CAP:
11/13/2015Closed:
9
Office Building, well-located off of Mamalahoa Highway. Good visibility, landmark building. 13surface parking spaces, wood frame construction. Multi-tenancy. 156 days on the market.
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 13
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
SECTION 1 | SALES COMPARABLES
Sale Comps Map
75-5753 Kuakini Highway | Kailua Kona, HI 96740SUBJECT PROPERTY
1
75-1000 Henry StreetKailua-Kona, HI 96740
1000 HENRY STREET BUILDING - SOLD
2
75-167 Kalani StreetKailua-Kona, HI 96740
ATRIUM COURT - FOR SALE
3
76-6241 Alii DriveKailua-Kona, HI 96740
BALI KAI BUSINESS CENTER - SOLD
4
75-1029 Henry StreetKailua-Kona, HI 96740
CROSSROADS PROFESSIONAL CENTER - SOLD
5
77-311 Sunset DriveKailua-Kona, HI 96740
HRA SUNSET DRIVE - SOLD
6
75-169 Hualalai RoadKailua-Kona, HI 96740
KONA PROFESSIONAL BUILDING - SOLD
7
77-6403 Nalani StreetKailua-Kona, HI 96740
LENDER'S DOCUMENT BUILDING - SOLD
8
75-127 Lunapule RoadKailua-Kona, HI 96740
LUNAPULE PLAZA - FOR SALE
9
86-8627 Mamalahoa HighwayKealakekua, HI 96750
SELWYN PLAZA - SOLD
75-5753 Kuakini Highway | Kailua Kona, HI 96740
TERRITORIAL CENTERFOR SALE | OFFICE
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2 ABOUT SVN®
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
HI #RB-16614All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 15
TERRITORIAL CENTER | 15,888 SF | KAILUA KONA, HI
SECTION 2 | ABOUT SVN®
Core Covenants
A company’s core values provide clarity on what is truly important for organizational success,personal and professional conduct and what to expect from each other. At SVN® our CoreCovenants personify our values and culture and differentiate us from the competition.
As members of the SVN Shared Value Network℠, we each commit to do the following:
CREATE AMAZING VALUE WITH MY CLIENTS, COLLEAGUES AND COMMUNITY.1
COOPERATE PROACTIVELY AND PLACE MY CLIENTS’ BEST INTERESTSABOVE MY OWN.
2
INCLUDE, RESPECT AND SUPPORT ALL MEMBERS OF COMMERCIAL REALESTATE INDUSTRY3
HONOR MY COMMITMENTS.4
PERSONIFY AND UPHOLD THE SVN® BRAND.5
RESOLVE CONFLICTS QUICKLY, POSITIVELY AND EFFECTIVELY.6
TAKE PERSONAL RESPONSIBILITY FOR ACHIEVING MY OWN POTENTIAL.7
EXCEL IN MY MARKET AREA AND SPECIALTY.8
FOCUS ON THE POSITIVE AND THE POSSIBLE.9NURTURE MY CAREER WHILE VALUING THE IMPORTANCE OF FAMILY,HEALTH AND COMMUNITY.
10
TERRITORIAL CENTRE | 15,888 SF | KAILUA KONA, HI
SECTION 2 | ABOUT SVN®
Advisor Bio & Contact 1HI #RB-16614
All Sperry Van Ness® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
svnccg.com
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 16
Gregory G. Ogin, CCIM, CPMManaging DirectorSVN | Clark Commercial Group
EXPERIENCE PRESIDENT CLARK COMMERCIAL GROUP1996 - PRESENTBrought the division from three buildings in Kailua-Kona to over 700,000 square feet on the island of Hawaii.
OWNER KONA KOHALA COMMERCIAL1992 - 1996Small independent commercial real estate firm. Started as a division of Gerry Rott and Associates.
DEPUTY MANAGING DIRECTOR COUNTY OF HAWAII1990 - 1992Appointed by the mayor to be in charge of County operations in West Hawaii.GROUP MANAGER LIBERTY HOUSE OF HAWAII ISLAND OF HAWAII1981 - 1990Supervised and managed five resort stores plus one 10,000 square foot resort department store.
EDUCATION UNIVERSITY OF HAWAII, ISLAND OF OAHU, HI NORTH HENNEPIN COMMUNITY COLLEGE,BROOKLYN PARK, MN LEADERSHIP Chair, Kona Community Development PlanChair, Hokulia Parks and Cultural Services AssociationBoard Member, Lai Opua 2020Past President, Kauai Road RunnersMarch of Dimes Director, Island of Kauai, HIJaycees, Island of Kauai, HIPresident, Amfac Community CouncilPresident, Rotary Club, Kailua-Kona, HIPresident, Kona Kohala Chamber of CommerceChair, Kailua Village Improvement Board Member and past Chair, Kona Family YMCABoard Member, Hawaii Disciplinary Board (Hawaii BAR)Board Member, Hawaii Island United WayFounding President, Children’s Advocacy Center
Phone: 808.329.6446
Email: gogin@svn.com
Memberships & Affiliations
CCIM, CPM
HI #RB-16053
Fax: 808.329.8102
Cell: 808.987.6446
Address: 75-5722 Kuakini HighwaySuite 214Kailua Kona, HI 96740
All SVN Offices Independently Owned & Operated | 2014 All Right Reserved | www.svn.com
PRESENTED BY:
Managing Director808.329.6446gogin@svn.comHI #RB-16053
GREGORY G. OGIN, CCIM, CPM
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