COCONUT GROVE

Kaliua-Kona, HI

$21,800,000

49,513 Sq Ft.

Coconut-Grove

CHALLENGES

  • Primarily local / mom & pop restaurant / food concepts.

  • Short term leasehold on protion of parking lot.

  • Capitalizing over $350,000 of percentage rent.

MARKETING STRATEGY

  • Focused on rare opportunity to acquire irreplacable oceanfront Hawaii retail center with rare ample parking.

  • Showcase highly successful restaurant and daily needs (ABC Store) operators with increasing yearly sales.

  • Private family lessor on parking lot willing to negotiate GL extension post-closing

  • Branded site as the primary community gathering spot with grass courtyards & volleyball beach experience.

RESULTS

  • Attracted strong investor interest from Hawaii as well as the mainland with multiple offers.

  • Procured highly motivated investor with vacation home in Kona.

  • Exceeded seller expectations delivering strong return to ownership private equity fund.