FOR SALE > FEE SIMPLE DEVELOPMENT LAND Kapolei, Oahu, Hawaii, USA www.hoopiligateway.com www.hoopiligateway.com Pearl Harbor University of Hawai i West O ahu Kapolei Farrington Highway Kualakai Parkway (North-South Road) Makakilo Investment Summary Asking Price: $33,000,000 Address: Intersection of H-1 Freeway, Kualakai Parkway, & Farrington Highway, Kapolei, Oahu, Hawaii Tenure: Fee Simple Land Area: 38.082 Acres TMK No.: (1) 9-1-18: 4 (subdivision pending) Zoning: B-2 (Community Business District) (Final Approval pending; anticipated Second Quarter 2015) Property Highlights 11,750 homes are planned to be built nearby University of Hawaii West Oahu directly across Farrington Highway Property fronts the H-1 Freeway and Farrington Highway Potential for mixed-use re-zoning COLLIERS INTERNATIONAL 220 South King Street, Suite 1800 Honolulu, HI 96813 www.colliers.com *Bratton Realty Advisers, Ltd. Exclusively contracted to Colliers International HI, LLC. 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 therefrom. This publication is the copyrighted property of Colliers International and/or its licensor(s). Page 1 2014. All rights reserved.
1,175 Exis FOR SALE > FEE SIMPLE DEVELOPMENT LAND Kapolei, Oahu, Hawaii, USA Kapolei West 2,500 Planned Homes Makaiwa Hills 4,100 Planned Homes KAPOLEI ENTERTAINMENT CENTER Makakilo 3,900 Homes MARKETPLACE AT KAPOLEI KA SHOPP To Ko Olina New Freeway Interchange KAPOLEI COMMONS WAKEA ST Kapolei Lofts KALAELOA BLVD PARK KAPOLEI WAY EXTENSION JUDICIARY OFFICES Forest Cit 500 Apartm Units Plann Page 2
www.hoopiligateway.com SITE Kualakai Parkway (North-South Road) Ho opili by Dr Horton 11,750 Planned Homes POLEI NG CENTER FARRINGTON HIGHWAY UH West Oahu Campus Kapolei 5,000 Homes DHHL East Kapolei 1,800 Units Planned y ent ed RD RD BARRETTE BARRETTE FT To Ewa Beach KAPOLEI PARKWAY Ka Makana Ali`i DR Horton Mehana ting/planned Homes ROOSEVELT AVE To Kalaeloa Page 3
FOR SALE > FEE SIMPLE DEVELOPMENT LAND Kapolei, Oahu, Hawaii, USA Mauka/Mountain Facing View Makakilo Farrington Highway Kualakai Parkway Parkway (North-South (North-South Road) Road) University of Hawaii West O`ahu Makai/Ocean Facing View Pearl Harbor Ewa Beach Kualakai Parkway Parkway (North-South (North-South Road) University of Hawaii West O`ahu Farrington Highway Kapolei Page 4
www.hoopiligateway.com Schematic Design The owner has prepared a schematic design for consideration. This scenario allows for two 150,000 sf big box tenants, 230,000 square feet of anchor retail tenants, other retail/dining tenants and office space, as well as 2,110 parking stalls. Scenario Drawing not to scale Page 5
FOR SALE > FEE SIMPLE DEVELOPMENT LAND Kapolei, Oahu, Hawaii, USA Proposed Master Plan of Surrounding Area Ho opili Gateway s location within a 1/4-mile of the planned UH West Oahu rail station could provide for Transit Oriented Development ( TOD ) density benefits and use incentives. The implementation of the TOD plan is pending final approval by the city council. WAIPAHU TO HONOLULU Elementary High FARRINGTON HIGHWAY HO OPILI RAIL STATION Elementary Middle Elementary RAIL STATION EWA BEACH Elementary DHHL UH WEST OAHU Middle RAIL STATION KUALAKAI PARKWAY Tokai University Campus (Under Construction) University of Hawaiÿi West Oahu Campus (Existing) FARRINGTON HIGHWAY Single Family Homes Apartments Apartment Mixed-Use Commercial Mixed-Use Industrial Commercial Parks Public Facilities TO KO OLINA Ho opili Master Planned Community The 1,500-acre Ho opili master planned community is D.R. Horton s latest major development. More than 11,750 homes are planned along with 3 to 4 million square feet of commercial space, 200 acres of agricultural land, and several parks, open space and schools. Development will occur in phases over the next 20 years. This sustainable community will allow people to live, work and play without leaving their neighborhood. Preliminary Phase 1 plans for the Ho opili Master Planned Community include development of approximately 940 acres of land located along the backbone infrastructure corridors of Farrington Highway and Kualakai Highway over a 10-year period. An estimated 5,800 residential units and over 2 million square feet of commercial and light industrial space (including the Ho opili Gateway site) are planned for this phase. Phase 2 development will move eastward with development of the remaining infill land over the final projected 10-year period. It should be noted that these plans are subject to change based on final zoning approvals, project design, and market conditions. Potential Retail Center Rendering View towards Diamond Head Page 6
www.hoopiligateway.com KAPOLEI'S POPULATION GROWTH 1990-2035 100,397 164,556 SOURCE: City & County of Honolulu, Dept. of Planning & Permitting and Plash Econ Pacific, LLC 107,234 137,721 KAPOLEI HOUSING GROWTH 1990-2035 SOURCE: City & County of Honolulu, Dept. of Planning & Permitting and Plasch Econ Pacific LLC 42,983 1990 11,722 2010 30,000 2015 34,341 1990 2010 2015 2025 2035 2025 2035 45,669 56,344 Kapolei 1990 Kapolei Today Page 7
FOR SALE > FEE SIMPLE DEVELOPMENT LAND Kapolei, Kapolei, Oahu, Oahu, Hawaii, Hawaii, USA USA www.hoopiligateway.com Proposed Rail Transit Route Map Stations Rail Route PEARL CITY WAIPAHU 6 7 AIEA 8 5 4 y Hw on gt SALT LAKE wy 10 wy ha Hw li H Pa y rin eh lik Like ah hame Fa r alu an K am e 1 Road eaver Fort W 2 Mo 9 PEARL HARBOR 3 11 Honolulu International Airport KAPOLEI 12 13 KALIHI 14 w y 15 16 17 HONOLULU 18 19 KAKA AKO 20 Ala Moana Center 21 Market Overview The West Oahu market consists of more than 1.1 million square feet of shopping center space in the Kapolei and Ewa Beach communities. As of 2Q2014, the vacancy rate for this market was 2.44% with average asking base rents of $4.21 per square foot per month ( psf/mo ) and average CAM charges of $1.09 psf/mo. Rents have increased since 2011 (after declining during the first few years of the recession) as the economy has strengthened. Contact Us Mark D. Bratton (R), CCIM* 808 523 9708 mark.bratton@colliers.com Scott L. Mitchell (B) SIOR 808 523 9702 scott.mitchell@colliers.com Guy V. Kidder (B) CCIM, SIOR 808 523 9735 guy.kidder@colliers.com COLLIERS INTERNATIONAL 220 South King Street, Suite 1800 Honolulu, HI 96813 www.colliers.com *Bratton Realty Advisers, Ltd. Exclusively contracted to Colliers International HI, LLC. 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 therefrom. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2014. All rights reserved. Page 8