SRS Real Estate Partners Brokers Sell Retail Property On Kinoole St In Hilo, Hawaii For $5.5M
715 Kinoʻole Street, Hilo, Hawaii 96720, United States
$5,500,000
$239/SF
Building Size
23,016 SF
Asset Type
Retail
Closing
Sep 12, 2022
About this deal
AI
The retail property located at 715 Kinoole St in Hilo, Hawaii has been sold for a price of $5,500,000. The property spans 23,016 square feet and has a price per square foot of $239. The transaction took place on 09/13/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
- Square Feet: 23,016
- Price per Square Foot: $239
- Address: 715 Kinoole St, Hilo, Hawaii
- Broker: Nicholas Paulic, AJ Cordero, Matthew Mousavi, and Patrick Luther represented the seller and buyer in the deal.
- Real Estate Agency: SRS Real Estate Partners
Nicholas Paulic, AJ Cordero, Matthew Mousavi, and Patrick Luther from SRS Real Estate Partners were the brokers involved in the transaction. The sale of this retail property marks a significant deal in the Hilo, Hawaii market.
Players
Hilo CDP 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93