Piikoi Plaza is a 12-story, 73 unit residential condominium unit built in 1977; well located on a highly traveled roadway in the Ala Moana submarket with immediate access to transportation services and close proximity to employment and other amenities such as restaurants, shopping, major medical centers, and entertainment and recreational areas. This offering includes the fee interest in 47 of the units, currently owned by one ownership entity. There are 11 years remaining on the leasehold interests that expire in December 2031, at which time the buyer will retain fee-simple interest in the mix of Studio, 1B/1B and 3B/units. This is a very safe investment opportunity, and priced accordingly, as the rate of return would increase if the lessee defaults or a buyer purchases the leased fee before the expiration date.
Fee interest in 47 Condominium units for sale
Leasehold ends 12/31/31
Exceptionally safe NNN passive investments with Leasehold owner responsible for all maintenance, taxes, and insurance payments
Incredible location will always have a high demand for in-town units for lease and sale
Well situated asset within the Ala Moana district
