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Lofts North at Waikoloa

Big Island – Hawaii

Executive Summary

Waikoloa Village Lofts North, LLC owns two fee simple parcels that total 7.67 acres, of which 5 acres are for the development of (129) two-bedroom / one-bath ocean view residential apartment units at 692 square feet each in the upscale community of Waikoloa Village, HI.

Lofts North at Waikoloa (the “Property”) will include (24) three-story walk-up buildings with a design that is exclusive to the owner. Scheduled for completion in April 2024, the Property is part of a $650 million mixed-use development with the adjacent Foodland anchored Waikoloa Plaza retail shopping center and future Holiday Inn Express┬« hotel. The Property is also zoned for short-term vacation rentals which can provide a real estate investor the opportunity to significantly increase annual net rental

Lofts North at Waikoloa

Asset Overview

Value:
$80,400,000
Cap Rate:
4.75%
Address
68-1785 Pua Melia St.
Waikoloa Village, Hawaii 96738
County
Hawaii
Building Area
89,268 SF
Land Area
5.00 AC
No. Bldgs
24
No. Units
129
Density
30 units per acre
TMK
(3) 6-8-03:040, 042
Year Built
2024
Price Per SF
$900.66
Occupancy (Stabilized 2025)
100%
NOI Year 1
$3,817,550

Valuation Brochure