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Lofts South at Waikoloa

Big Island – Hawaii

Executive Summary

Waikoloa Village Lofts South, LLC owns a 1.75-acre, fee simple parcel for the development of forty-two (42) two-bedroom / one-bath ocean view residential apartment units at +692 square feet each in the upscale community of Waikoloa Village, HI.

Lofts South at Waikoloa (the “Property”) will consist of seven (7) 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 the 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 income.

Lofts South at Waikoloa

Asset Overview

Value:
$26,500,000
Cap Rate:
4.75%
Address
68-1859 Pua Melia St.
Waikoloa Village, Hawaii 96738
County
Hawaii
Building Area
29,064 SF
Land Area
1.75 AC
Tax Map Key
(3) 6-8-03:16
Zoning
CV-10 / Flood Zone "X"
Density
28 units per acre
No. Bldgs / No. Units
7 / 42
Year Built
2024
Price Per SF
$911.78
Occupancy (Stabilized 2025)
100%
NOI Year 1
$1,257,700

Valuation Brochure