Hunt Companies Acquires Hawaii Kai Shopping Center From Dunhill Partners For $30.06M
333 Keahole Street
$30,060,000
$207/SF
Building Size
144,793 SF
Asset Type
Retail
Closing
Jul 15, 2025
About this deal
AI
The retail asset located at 333 Keahole Street in Honolulu, HI, was sold for a total of $30,060,000. This property spans 144,793 square feet and has a price per square foot of $208. It is an open-air retail center that was originally constructed in 1982 and currently has an occupancy rate of 80.57%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,060,000
- Buyer: Hunt Companies
- Seller: Dunhill Partners
- Sale Date: 07/15/2025
- Market: Honolulu, HI
- Square Footage: 144,793
- Price per Square Foot: $208
Hunt Companies obtained the Hawaii Kai Shopping Center following a foreclosure process, having settled a loan that defaulted over four years prior. The previous owner, Dunhill Partners, experienced a foreclosure of the property in July 2023, resulting in a significant loss to the CMBS trust of $17.91 million.
On the Map
$30,060,000
$207/SF
Retail
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Players
Honolulu Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93