Avalon Group Subsidiary Acquires 11.1-Acre Land Parcel In Honolulu For $23.3M
2707 Pamoa Road & 2715 Pamoa Road
$23,300,000
Building Size
—
Asset Type
Land
Closing
Feb 6, 2024
AI
An 11.1-acre land parcel located at 2707-2715 Pamoa Road in Honolulu was sold for $23,300,000. The property was previously the Saint Francis School campus until 2019.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $23,300,000
- Location: 2707-2715 Pamoa Road, Honolulu, HI
- Market: Honolulu, HI
- Seller: Sisters of St. Francis of the Neumann Communities
- Brokers: Kadie Presley Wilson, Laurie Lustig-Bower, Norb Buelsing, Peter Grossman & Scott Crockfield - CBRE
The transaction was facilitated by a group of brokers from CBRE, including Kadie Presley Wilson, Laurie Lustig-Bower, Norb Buelsing, Peter Grossman, and Scott Crockfield. Avalon Group's subsidiary was the purchaser of the 11.1-acre land parcel.
Players
Honolulu Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93