properties - loopnet · 2018. 2. 22. · source: 2010 census source: 2010 census. kapolei region...

64

8079B

79A

5963

61

65

66B

Some of the last remaining mixed-use lots in the City of KapoleiOahu, Hawaii

Properties

West Oahuaerial

KAPOLEI SHOPPING CENTER

KAPOLEI COMMONS

THE MARKETPLACE AT KAPOLEI

KAPOLEI ENTERTAINMENT CENTERKA MAKANA ALII

EWA TOWNCENTER

LAULANI VILLAGE SHOPPING CENTER

Ewa by Gentry: 7,800

Makaiwa Hills: 4,100

Kapolei West: 2,500

Ocean Pointe/ Hoakalei: 4,850

Kahiwelo: 474

Kapolei Village: 5,000

Makakilo: 3,500Hoopili: 11,750

East Kapolei Phase 2: 2,000

East Kapolei Phase 1: 1,954

Mehana: 1,175

UH West Oahu: 1,800

Kalaeloa Redevelopment: 4,000

Kapolei Lofts: 499Ko’Olina - 900

Kisco @ Leihano: 84

LEGEND

Planned Communities

Existing Communities

Retail

FARRINGTON HWY FARR

INGT

ON H

WY

KUALAKAI PKWY

KALAEL

OA BLVD

H-1

MAK

AKIL

O DR

KAPOLEI PKWY

ROOSEVELT AVE

FORT WEAVER RD

Properties

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.

Oahu’s New City

* Data provided by Kapolei Properties LLC.

HOMEOWNERSHIPRATE

MEDIANHOUSEHOLDINCOME

COMMERCIALSPACEKapolei tomorrowvs. Honolulu today

8.8MILLION SF

$83K70%65% $70K 7.8

MILLION SF

SOURCE: Plasch Econ Pacific LLCand Colliers International Hawaii

SOURCE: Plasch Econ Pacific LLC

SOURCE: 2010 Census SOURCE: 2010 Census

KAPOLEIREGION

2025

KAPOLEIREGION

KAPOLEIREGION

HONOLULU2010

HONOLULUHONOLULU

107,234

KAPOLEIDEMOGRAPHICS

KAPOLEI HOUSING AND POPULTATION GROWTH (2000 - 2040)

AVERAGE HOUSEHOLD SIZE: 3.43MEDIAN AGE: 31.9

EDUCATION:High school – 30.1%Some college – 26.1%Associate’s degree – 11.6%Bachelor’s degree – 17.5%Graduate degree – 6.6%

Source: 2010 U.S. Census

2020 130,70040,900

2025

116,050

46,430

2030

101,400

51,080

2035

85,850

54,620

2040

68,700

57,510

2000

172,680

20,800

2005

166,030

26,010

2010

157,530

30,730

2015

146,100

35,810

Kapolei urban core map

Kapolei Hale City Office Building

State of Hawaii Office Building

Transit & Bus Hub

WAKEA STREETALOHIKEA STREET

KAPOLEI PARKWAY

KAMAAHA AVENUE

KAPOLEI VILLAGE CENTER

KAPOLEI LOFTS

AMERICAN SAVINGS BANK

KAPOLEI ENTERTAINMENT CENTER

ALOHA PACIFIC CREDIT UNION

KAPOLEI MIXED USE

BANK OF HAWAII

ISLAND PACIFIC

ACADEMY

CAMPBELL SQUARE

KAPOLEI SHOPPING CENTERKAPOLEI MARKETPLACE

Social Security Administration

Kapolei Regional Library

Kapolei Interchange Phase II

HONOLULU

KANEOHE

KAPOLEI

HALEIWA

AIEA

MILILANI

WAIKIKI

LOT 59Size: 3.04 AcZoning: B-2Height Limit: 150 Ft

LOT 65Size: 2.67 AcZoning: BMX-3Height Limit: 90 Ft



LOT 66BSize: 1.32 AcZoning: BMX-3Height Limit: 90 Ft



LOT 79ASize: 3.43 AcZoning: BMX-3Height Limit: 90 Ft

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.

PropertyHighlights

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.

Prime land available for development

» Ground leases with flexible term length, rental rates and other terms negotiated on a case by case basis.

» Innovative development structures such as build to suit or joint ventures with lessor and lessee participation.

» Fee sale offers considered on a selective basis.

TransactionStructures

USES B-2 BMX-3Amusement facilities, indoor X X

Art Galleries/ Museums X X

Business X X

Colleges, business X X

Drive Thru Facilities X* X*

Eating Establishments X X

Financials Institutions X X

Hotels X*

Medical, Laboratories X X

Office X X

Residential X

Schools X X

Theaters X X

*Allowed - subject to standards in Article 5 of the City and Council Land Use Ordinance (Conditional Use Permit)

AllowableUses








LOT 79ASize: 3.43 AcZoning: BMX-3Height Limit: 90 Ft


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.

ContactANDY KAZAMA (S) Senior Associate808 864 [email protected]

NATHAN A. FONG (B)Senior Vice President808 295 [email protected]

220 S. King Street, Suite 1800Honolulu, HI 96813www.colliers.com/hawaii

JON-ERIC GREENE (B)*Retail Services Division808 330 [email protected]*Greene Property Group, LLC. Exclusively contracted to Colliers International HI, LLC

properties - loopnet · 2018. 2. 22. · source: 2010 census source: 2010 census. kapolei region...

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