Property is located adjacent to "Luxury Row" with such notable tenants as Tiffany, Gucci, Yves St. Laurent, Bulgari, Chanel and Burberry. It has a high identity, modem architecture and is a gateway location on Kalakaua Avenue, the primary retail street in the world-renowned Waikiki District in Honolulu.

The King Ka1akaua Plaza commercial building consists of 4-story reinforced steel commercial structure which was completed in late 1997. The basement consists of 2 levels of parking (each level consists of 32,279 sq. ft.) with approximately 186 parking stalls. Total leasable area is approximately 77,483 square feet, with the common area totaling 20,129 square feet. The total land area is 45,572 square feet. This irregularly shaped site is level at street grade with approximately 194 feet of frontage on Kalakaua Ave" 197 feet of frontage on Olohana Street, 190 feet of frontage on Kuhio Ave., and 272 feet of frontage on Kalaimoku Street.

This is a high-traffic area with over 30,000 cars per day on Kalakaua Avenue alone. Waikiki attracts over 80,000 visitors per day, and is home to nearly half of Hawaii's total available lodginglhotel units. NIKETOWN Honolulu alone has over 1.6 million shoppers both residents and visitors, walk through their doors on an annual basis. The City and County of Honolulu and District of Waikiki enthusiastically backed the concept and development of KKP. The project started the growing movement to continually enhance retail and visitor services, revitalizing the neighborhood for residents, welcoming locals and keeping Waikiki one of the premier destinations in the world.

This opportunity exists on a short fuse through bankruptcy. I represent the contracted buyer looking for JV for 50%. Value fully leased is $35MM. 6 month exit strategy. Please call for details