Updated Oct 29, 2024
Aloha Freight Forwarders Acquires Industrial Property In Aiea, HI From Anheuser-Busch InBev For $3M
99-877 Iwaena St,Aiea, HI,Hawaii
$3,000,000
$34/SF
Building Size
88,074 SF
Asset Type
Industrial
Closing
Mar 24, 2023
About this deal
AI
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.
On the Map
$3,000,000
$34/SF
Industrial
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Players
Aiea Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93