Airport Center Office Tower In Honolulu, HI Sold For $17.5M With Buyer's Rep Cushman & Wakefield And Seller's Rep CBRE

Airport Center, a Class B multi-tenant office tower located near the Daniel K. Inouye International Airport in Honolulu, was sold for $17.5 million. The transaction took place on March 1, 2023. The property, located at 3049 Ualena Street, spans a total area of 111,109 square feet. The sale price equates to approximately $158 per square foot. The office market in Honolulu remains strong, attracting continued interest from investors.

Summary of transation details

• Property Type: Office
• Transaction Amount: $17,500,000
• Square Footage: 111,109
• Price per Square Foot: $158
• Address: 3049 Ualena Street, Honolulu, HI
• Market: Honolulu, HI

In this transaction, Chaney Brooks, Rock Tang & John Rankin from Cushman & Wakefield represented the buyer. James Shipman from CBRE acted as the seller's representative. Both brokerage firms highlighted the strength of the Hawaii office market and the ongoing interest from investors in the region.