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Lofts West at Waikoloa

Big Island – Hawaii

Executive Summary

Waikoloa Village Lofts West, LLC owns a 3.664-acre, fee simple parcel that is currently under development comprising one hundred-two (102) two-bedroom / one-bath ocean view residential apartment units at ±692 square feet each in the upscale community of Waikoloa Village, HI. Lofts West at Waikoloa (the “Property”), scheduled for completion in January 2024, comprise eighteen (18) walk-up buildings and is part of a $600+ million mixed-use development with the adjacent Foodland anchored Waikoloa Plaza retail shopping center and future Holiday Inn Express and Candlewood Suites hotels. The Property incorporates a building design that is exclusive to the owner. Two other newly developed residential complexes, Lofts at Waikoloa (33-units) and Lofts East at Waikoloa (33-units) are currently sold out with active waiting lists.

Lofts West at Waikoloa

Asset Overview

Value:
$60,000,000
Cap Rate:
4.75%
Address
68-4428 Waikoloa Plaza Road
Waikoloa Village, Hawaii 96738
County
Hawaii
Building Area
70,584 SF
Land Area
3.664 AC
No. of Buildings
18
No. of Units
102
Density
28 units per acre
Tax Map Key
(3) 6-8-003:045
Year Built
2024
Price Per SF
$850.05
Occupancy (Stabilized 2024)
100%
NOI Year 1
$2,838,400

Valuation Brochure