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Union Plaza, Downtown condo

Sold $5,200,000 50,081 sqft Commercial Neighborhood: Downtown

*SP $1.00 - NO LISTING PRICE. Property is being offered at a 6.2% in-place Cap Rate and a 7.7% proforma Year 2 Cap Rate. Union Plaza presents an exceptional opportunity to acquire a professional office building just off Bishop Street on Union Mall, the heart of Honolulu's Central Business District. Union Plaza's tenants include attorneys, investment companies, financial advisers, and several other professional services. The property is currently 83.1% occupied at below market rents and has experienced tremendous leasing momentum in the past 12 months.
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Property details

1966 year built
Original list price
$1
Price per sqft
$103/sqft
Year Built
1966
Frontage
Main Street
Land tenure
FS - Fee Simple
Address
1136 Union Mall, Honolulu, HI, 96813
Neighborhood
Downtown
City of Hawaii
Honolulu
Island
Oahu
Listing provided courtesy of
Jared E Yamamoto, Jared Yamamoto
MLS #
201712836

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Payment calculator

Calculate your monthly payments
Mortgage
$15,966
Taxes
$4,998
HOA dues
$0
$20,964 per month
Mortgage
Down payment
$1,040,000 / 20%
Interest rate
2.28%
Loan type
30 years
Your amount $15,966 / month

Interior Features

Concrete floors
Roof
Other
Property Condition
Excellent
Floor Covering
Concrete
Easements
Driveway, Other
Documents Available
P&L, Survey, Title Search
Garage & Parking
None
Utilities Included
Gas, Heavy Electricity, Large Water Meter, Light Electricity
Amenities
Chill Room, Fire Sprinkler

Exterior Features

Reinforced Concrete construction and more
Construction
Reinforced Concrete

Lot details

TMK #1210100370000
TMK
1210100370000

Downtown neighborhood info:

Average price $452.45k

People

32%
Families with children
National average: 43%
45%
Non family households
23,449
Population

Housing market

$452.45k
Neighborhood average
sales price*
$359.5k
Neighborhood median
sales price*
154
Number
of sales*

Schools

15 schools with rating up to 8
School rating Distance
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
Elementary School
0.23mi
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
Middle School
0.23mi
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
High School
0.23mi
School rating Distance
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
0.23mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.322mi
NR
Kawaiaha'o Church School
872 Mission Lane, Honolulu, HI 96813
0.491mi
8
out of 10
Royal Elementary School
1519 Queen Emma St, Honolulu, HI 96813
0.633mi
NR
Soto Academy
1708 Nuuanu Avenue, Honolulu, HI 96817
0.646mi
School rating Distance
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
0.23mi
2
out of 10
Central Middle School
1302 Queen Emma St, Honolulu, HI 96813
0.253mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.322mi
8
out of 10
Myron B. Thompson Academy - A New Century Public Charter School
1040 Richards St, Honolulu, HI 96813
0.682mi
NR
Hongwanji Mission School
1728 Pali Hwy, Honolulu, HI 96813
0.688mi
School rating Distance
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
0.23mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.322mi
NR
Pacific Buddhist Academy
1710 Pali Highway, Honolulu, HI 96813
0.651mi
8
out of 10
Myron B. Thompson Academy - A New Century Public Charter School
1040 Richards St, Honolulu, HI 96813
0.682mi
7
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
1.02mi
Data provided by Greatschools.org

Price history

Sold Oct 13, 2017
Date Event Price $/sqft Source
Oct 13, 2017 Sold $5,200,000 103.83 Public Record
Oct 13, 2017 Price Increase $5,200,000 +999999.99% 103.83 MLS #201712836
Aug 8, 2017 Under contract $1 0 MLS #201712836
Jun 16, 2017 New Listing $1 0 MLS #201712836
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Taxes of 1136 Union Mall, Honolulu, HI, 96813

34 - BMX-4 Central Business Mix zoning / MLS #201712836
Current Property Taxes p/month
$4,998
Assessed Improvement value
$2,670,100
Assessed Land value
$2,638,100
Land Recorded
Regular System
Zoning
34 - BMX-4 Central Business Mix
Flood Zone
Zone X
Total Assessed value
$5,308,200

Tax History

Year Taxes Source
2016 $59,976 MLS #201712836
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About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.

Agent viewpoints of 1136 Union Mall, Honolulu, HI, 96813

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2020 by HiCentral Mls, Ltd. Listing courtesy of Jared Yamamoto.
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.

Listing last updated: 10-13-2017
Verhouse Last checked 6 minutes ago


Nearby schools include St Andrews Priory School, St Andrews Priory School and St Andrews Priory School.
The closest grocery stores are ‘Umeke Market & Deli, 0.07 miles away and Walmart, 0.13 miles away.
Commercial Sold $5.2m 1136 Union Mall, Honolulu, HI, 96813 50,081 sqft Save House Remove from Saved