Aloha Freight Forwarders Acquires Industrial Property In Aiea, HI From Anheuser-Busch InBev For $3M
SOLD
$3,000,000
Hawaii
See Similar DealsIndustrial88,074 SF
Sold 03/24/2023
SOLD
Aloha Freight Forwarders Acquires Industrial Property In Aiea, HI From Anheuser-Busch InBev For $3M
99-877 Iwaena St,Aiea, HI,Hawaii
See Similar DealsIndustrial88,074 SF
Sold 03/24/2023
Summary
HAWAII
Asset Type:Industrial
Price Per Square Foot:$34
Total Square Footage:88,074 SF
Transaction Type:Sale
An industrial property located at 99-877 Iwaena St in Aiea, HI, has been sold in a recent transaction. The property spans an area of 88,074 square feet and was sold for a price of $3,000,000, resulting in a per square foot cost of $34. The buyer in this transaction is Aloha Freight Forwarders, while the seller is Anheuser-Busch InBev. The deal was facilitated by CBRE brokers Trent Thoms & Alexander Kidani.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Square Footage: 88,074
- Price Per Square Foot: $34
- Address: 99-877 Iwaena St, Aiea, HI
- Buyer: Aloha Freight Forwarders
- Seller: Anheuser-Busch InBev
- Brokers: Trent Thoms & Alexander Kidani - CBRE
The involvement of CBRE brokers Trent Thoms & Alexander Kidani was essential in facilitating this transaction between Aloha Freight Forwarders and Anheuser-Busch InBev.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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