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2707 Pamoa Road

Avalon Group Subsidiary Acquires 11.1-Acre Land Parcel In Honolulu For $23.3M
SOLDLand

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:

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

Laurie Lustig Bower

CBRE

Broker

$566.4M

vol

18 deals

Broker

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