Properties 80 79A 79B 66B 63 59 65 61 64 Some of the last remaining mixed-use lots in the City of Kapolei Oahu, Hawaii
West Oahu aerial Makakilo: 3,500 Hoopili: 11,750 Makaiwa Hills: 4,100 MAKAKILO DR Kahiwelo: 474 KUALAKAI PKWY UH West Oahu: 1,800 FARRINGTON HWY SHOPPING CENTER THE MARKETPLACE AT H-1 FARRINGTON HWY East Kapolei Phase 1: 1,954 East Kapolei Phase 2: 2,000 FORT WEAVER RD Kapolei West: 2,500 ENTERTAINMENT CENTER Kapolei Village: 5,000 KA MAKANA ALII EWA TOWN CENTER Ko Olina - 900 COMMONS Kapolei Lofts: 499 Kisco @ Leihano: 84 PKWY KALAELOA BLVD Mehana: 1,175 ROOSEVELT AVE Kalaeloa Redevelopment: 4,000 Ewa by Gentry: 7,800 LAULANI VILLAGE SHOPPING CENTER LEGEND Planned Communities Ocean Pointe/ Hoakalei: 4,850 Existing Communities Retail Properties
Oahu s New City The New City of Kapolei plays a crucial role in Hawaii s economy by providing a variety of employment and residential opportunities allowing residents to live, work and play in close proximity. There has been over $200 million of infrastructure improvement in the City of Kapolei since ground was broken in the early 1990s. Kapolei is currently the fastest growing region in Hawaii and the third highest median household income in the state. Population in the region has more than doubled to over 116,500 and is projected to reach nearly 146,100 by 2025. During that same period, business investments in the Kapolei region will create an estimated 68,000 jobs and commercial space is expected to grow to 7.8 million square feet. Once fully built-out, the Kapolei region is projected to have over 172,680 residents along with over 100,500 jobs. HOUSING AND POPULTATION GROWTH (2000-2040) 2000 2005 2010 2015 20,800 26,010 30,730 35,810 68,700 85,850 101,400 116,050 SOURCE: Plasch Econ Pacific LLC 2020 40,900 130,700 2025 46,430 146,100 2030 51,080 157,530 2035 54,620 166,030 2040 57,510 172,680 HOME OWNERSHIP RATE MEDIAN HOUSEHOLD INCOME COMMERCIAL SPACE Kapolei tomorrow vs. Honolulu today 70% $83K 65% $70K 8.8 7.8 HONOLULU SOURCE: 2010 Census REGION HONOLULU SOURCE: 2010 Census 107,234 REGION MILLION SF HONOLULU 2010 MILLION SF REGION 2025 SOURCE: Plasch Econ Pacific LLC and Colliers International Hawaii DEMOGRAPHICS AVERAGE HOUSEHOLD SIZE: 3.43 MEDIAN AGE: 31.9 Source: 2010 U.S. Census * Data provided by Kapolei Properties LLC. EDUCATION: High school 30.1% Some college 26.1% Associate s degree 11.6% Bachelor s degree 17.5% Graduate degree 6.6%
Kapolei urban core map HALEIWA MILILANI AIEA KANEOHE HONOLULU WAIKIKI CAMPBELL SQUARE MARKETPLACE SHOPPING CENTER ENTERTAINMENT CENTER Kapolei Interchange Phase II MIXED USE BANK OF HAWAII ISLAND PACIFIC ACADEMY Kapolei Regional Library Social Security Administration LOT 65 Size: 2.67 Ac LOT 64 Size: 2.67 Ac LOT 61 Size: 3.08 Ac Zoning: B-2 LOFTS State of Hawaii Office Building ALOHIKEA STREET WAKEA STREET KAMAAHA AVENUE LOT 79B Size: 2.89 Ac LOT 79A Size: 3.43 Ac Kapolei Hale City Office Building LOT 59 Size: 3.04 Ac Zoning: B-2 LOT 63 Size: 3.18 Ac ALOHA PACIFIC CREDIT UNION LOT 66B Size: 1.32 Ac Transit & Bus Hub AMERICAN SAVINGS BANK PARKWAY VILLAGE CENTER
Property Highlights Growing trade area Over the course of the past decade, the area s population growth has far surpassed that of anywhere in the State of Hawaii. Since 1990, Kapolei s regional population has grown by nearly two and a half times to over 116,500 residents. Healthy retail market Strong economic conditions have kept vacancy rates low and rents increasing. For the third quarter of 2017, the vacancy rate for the Kapolei/West O ahu market was 9.09%. Average asking base rents were $4.30 per square foot per month (psf/mo) for O ahu and $4.59 psf/mo for the Kapolei market. Last remaining commercial development properties These properties are some of the only remaining Business or Business mixed used zoned parcels available for development in Kapolei s business district. Proximity to major economic drivers The Properties are located in the urban core of Kapolei where the city center, commercial district, and numerous residential projects have been built. In addition, University of Hawai i West O ahu (UH West O ahu), Tokai University, and several regional commercial and resort centers have all been built to create more employment and drive economic growth.
Prime land available for development A unique opportunity for an owner, user or developer in the urban core of Kapolei, the New City on the island of Oahu. The Kapolei Properties are the last remaining sites in the City of Kapolei. The properties B-2/BMX-3 designation allows mixed-use projects with attractive parcel sizes ranging from 1.32 to 3.5 acres with smaller sizes available.
Transaction Structures»» Ground leases with flexible term length, rental rates and other terms negotiated on a case by case basis. LOT 61 Size: 3.08 Ac Zoning: B-2 LOT 63 Size: 3.18 Ac LOT 64 Size: 2.67 Ac LOT 65 Size: 2.67 Ac»» Innovative development structures such as build to suit or joint ventures with lessor and lessee participation.»» Fee sale offers considered on a selective basis. LOT 59 Size: 3.04 Ac Zoning: B-2 Allowable Uses USES B-2 BMX-3 LOT 79A Size: 3.43 Ac LOT 66B Size: 1.32 Ac Amusement facilities, indoor X X Art Galleries/ Museums X X Business X X LOT 79B Size: 2.89 Ac Colleges, business X X Drive Thru Facilities X* X* Eating Establishments X X Financials Institutions X X Hotels X* LOT 80 Size: 3.50 Ac Medical, Laboratories X X Office X X Residential Schools X X X Theaters X X *Allowed - subject to standards in Article 5 of the City and Council Land Use Ordinance (Conditional Use Permit)
Contact ANDY KAZAMA (S) Senior Associate 808 864 3385 andy.kazama@colliers.com NATHAN A. FONG (B) Senior Vice President 808 295 2582 nathan.fong@colliers.com JON-ERIC GREENE (B)* Retail Services Division 808 330 2900 jon-eric.greene@colliers.com *Greene Property Group, LLC. Exclusively contracted to Colliers International HI, LLC 220 S. King Street, Suite 1800 Honolulu, HI 96813 www.colliers.com/hawaii This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2017. All rights reserved.