waipahu town center

Transcription

waipahu town center
Meridian Pacific, Ltd.
WAIPAHU TOWN CENTER
NOW LEASING
6,493 sf
For Information Contact:
Gary L. Pinkston - Ph: 415-264-3621 [email protected]
JaNay Wyss - Ph: 808-677-6700 [email protected]
Meridian Pacific, Ltd.
94-050 Farrington Highway, Suite E1-3
Waipahu, Hawaii 96797
Office: 808-677-6700 Fax: 808-671-2427
meridianpacificltd.com
Waipahu Town Center
ii
Table Of Contents
Waipahu Town Center
Contents
Property Highlights
Executive Summary ....................................................................................................... 3
Location Highlights ........................................................................................................ 4
The Property
For Lease: Unit E-106 ....................................................................................................6
Waipahu Town Center - flyer ......................................................................................... 8
Site Plan .........................................................................................................................9
Parcel Map ...................................................................................................................10
Property Photographs .................................................................................................. 11
Aerial Photographs .......................................................................................................15
Location
Location Overview ........................................................................................................18
Demographics
Future Demographic Trends For WTC .........................................................................21
Demographic and Income Profile (1 mile) ....................................................................30
Demographic and Income Profile (5 miles) ..................................................................32
Demographic and Income Profile (10 miles) ................................................................34
Market Profile 1-5-10 miles .......................................................................................... 36
Profile/Bio
Meridian Pacific ............................................................................................................44
Gary L. Pinkston ...........................................................................................................45
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
1
Meridian Pacific, Ltd.
meridianpacificltd.com
Property Highlights
Waipahu Town Center
Property Highlights
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
2
Meridian Pacific, Ltd.
meridianpacificltd.com
Property Highlights
Waipahu Town Center
Executive Summary
• Available Lease Space: 6,493 SF
• The sight includes 11.4 acres of land and lies at the crossroads to two major
growth regions - Ewa/Kapolei and Central Oahu/Mililani areas
• 154,317 Gross Leasable Square Footage
• Traffic Count: 114,189+ cars per day
• Anchored By:
• Credit Tenants Include:
• National Tenants Include:
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
3
Meridian Pacific, Ltd.
meridianpacificltd.com
Property Highlights
Waipahu Town Center
Location Highlights
5
4
3
1
2
Waipahu Town Center
LEGEND:
(Distance from Waipahu Town Center)
1. Pearl Highlands Center (3.54 miles)
2. Home Depot (3.60 miles)
3. Waikele Center L.P. (2.00 miles)
4. Waikele Premium Outlets (1.91 miles)
5. Gentry Waipio Shopping Center (2.83 miles)
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
4
Meridian Pacific, Ltd.
meridianpacificltd.com
The Property
Waipahu Town Center
The Property
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
5
Meridian Pacific, Ltd.
meridianpacificltd.com
!
E
6 A
,4 V
9 A
3 IL
S A
F B
L
N
O
W
RETAIL SPACE
FOR LEASE
6,493 square feet
Waipahu Town Center
94-050 Farrington Hwy., Waipahu, Hawaii 96797
E-106
Property Description:
Popular location! 6,493 SF free standing building. Currently built
out with large dining room, separate private dining room, kitchen,
walk-in freezer, storage, office, and restrooms. Waipahu Town
Center offers abundant “full size” parking and is easily accessible
to the H-1 Freeway.
• Anchored by:
• Intersection at Farrington Hwy. & Kunia Road traffic count over
114,000 cars per day
• Serves a Trade Area of over 800,000
Term: 5 Years
Zoning: B-2 (Community
TMK: 1-9-4-047-10 Business District)
6,
49
3
SF
Size: 6,493 Square Feet
CAM: $.91/SF/Mo
Waipahu Town
Center
y
Hw
rin
Far
Meridian Pacific, Ltd.
San Francisco 415-789-5530
1801 Tiburon Boulevard
Suite 800
Tiburon, California 94920
gto
n
Gary L. Pinkston
415-264-3621
[email protected]
Honolulu 808-677-6700
94-050 Farrington Highway
JaNay Wyss 808-677-6700
Suite E1-3
[email protected]
Waipahu, Hawaii 96797
6
meridianpacificltd.com
D O C K
L O A D I N G
ADS
DEBBIES JEWELRY
TON TON RAMEN
4
93
Gas Station
Car Wash
6,
WHU
ChiroHIGA DDS Practic
7
sf
IN
G
94-050 Farrington Hwy., Waipahu, Hawaii 96797
A
S
L
E
W
N
O
Waipahu Town Center
Owner Managed
Prime Commercial Property
•Serves growth areas of Ewa and Kunia
For Lease
6,493 SF
•Serves trade area of over 800,000
•Located at the West End of Waipahu, known
as “The Crossroads to The Ewa Plains”
•Situated along the H-1 freeway, just northwest of Honolulu on the Island of Oahu
•154,410 gross leasable square feet
Anchored By:
•Traffic count over 114,189 cars per day
Tenants Include:
Available 6,493 sf
Meridian Pacific, Ltd.
San Francisco 415-789-5530
1801 Tiburon Boulevard
Suite 800
Tiburon, California 94920
Gary L. Pinkston
415-264-3621
[email protected]
Honolulu 808-677-6700
94-050 Farrington Highway
Suite E1-3
Waipahu, Hawaii 96797 8
JaNay Wyss 808-677-6700
[email protected]
meridianpacificltd.com
D O C K
L O A D I N G
ADS
DEBBIES JEWELRY
TON TON RAMEN
4
93
Gas Station
Car Wash
6,
WHU
ChiroHIGA DDS Practic
9
sf
The Property
Waipahu Town Center
Parcel Map
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
10
Meridian Pacific, Ltd.
meridianpacificltd.com
The Property
Waipahu Town Center
Property Photographs
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
11
Meridian Pacific, Ltd.
meridianpacificltd.com
The Property
Waipahu Town Center
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
12
Meridian Pacific, Ltd.
meridianpacificltd.com
The Property
Waipahu Town Center
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
13
Meridian Pacific, Ltd.
meridianpacificltd.com
The Property
Waipahu Town Center
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
14
Meridian Pacific, Ltd.
meridianpacificltd.com
The Property
Waipahu Town Center
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
15
Meridian Pacific, Ltd.
meridianpacificltd.com
The Property
Waipahu Town Center
H-1 Freeway
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MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
16
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Fort We
Kun
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Meridian Pacific, Ltd.
meridianpacificltd.com
Location
Waipahu Town Center
Location
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
17
Meridian Pacific, Ltd.
meridianpacificltd.com
Location
Waipahu Town Center
LOCATION OVERVIEW
Address:
94-050 Farrington Highway
Waipahu, Hawaii 96797
Waipahu Town Center is located at 94-050 Farrington Highway at the intersection of
Farrington Highway and Kunia Road, with a daily traffic count of approximately 114,189
cars per day. This location is known as the crossroads to the Ewa Plain and directly
connects the surrounding residential and business communities.
Waipahu is located just northwest of Honolulu on the island of Oahu between Kapolei
and Pearl City, along the H-1 Freeway near the West and Middle Lochs of Pearl Harbor.
Waipahu Town Center is conveniently accessible via H1 Freeway, which is a major
artery extending from Waikiki through Pearl Harbor. This artery also provides a direct
access connection between the Ewa Plain, Kapolei, and Waipahu Town Center and the
major employment centers of Pearl City and Honolulu.
Nearby amenities to the subject property include the Waikele Premium Outlets, a
specialty outlet center, and the Waikele Golf Club and the Ted Makalena Golf Course,
both 18 hole courses serving the northern portion of the City and County of Honolulu.
TRAFFIC COUNTS
Farrington Highway:
45,073
cars per day
Kunia Road:
69,116
cars per day
114,189
Total
DEMOGRAPHICS:
WAIPAHU
HONOLULU
HAWAII
Total Population:
Average Household Size:
Renter Occupied Housing Units:
Owner Occupied Housing Units:
Median Age:
89,273
4.23
29.46%
70.54%
35
909,408
2.95
44.82%
55.18%
35
1,211,537
2.92
43%
56.5%
36
Access: The property affords excellent vehicular access with regional accessibility
enhanced by Kamehameha Highway and H-2 to the north. Local thoroughfare arterials
include Kunia Road and Farrington Highway. The neighborhood is well served by a
public transit bus system.
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
18
Meridian Pacific, Ltd.
meridianpacificltd.com
Location
Waipahu Town Center
WAIPAHU, HAWAII
• Centrally located with respect to much of the residential, resort, commercial, and
industrial development that is projected for Oahu.
• Lies at the crossroads to the two major growth regions of Oahu – Ewa / Kapolei and
the Central Oahu/ Mililani areas.
• Presents opportunities for businesses located in Waipahu to serve the growing
number of nearby residents, visitors, and other businesses.
EWA PLAIN, HAWAII
• Approximately two miles south of the main H-1 interchange.
• Predominantly suburban.
• Nearly 10,000 people to work on the Ewa Plain.
• It is the fastest growing residential area on Oahu with new housing starts continuing
at an impressive rate, supporting a population that has grown by approximately 70%
since 1990.
HAWAII OVERVIEW
Hawaii, the Aloha State, was admitted to the union as the nation’s 50th state in 1959.
Hawaii consists of eight major islands and 124 minor islands, which form a chain
extending more than 1,600 miles across the mid-Pacific Ocean. The islands are either
volcanic or small coral atolls, with an aggregated land area of 6,425 square miles and
750 miles of coastline.
Hawaii’s eight major islands total approximately 4.1 million acres of land, with the six
primary islands accounting for more than 98% of the area. The six primary islands
are Hawaii (the “Big Island”), Maui, Oahu, Kauai, Molokai, and Lanai. Because the
major islands are volcanic, much of the total land area is unsuitable for development.
Mountain ranges, steep slopes, gulches, and barren lava flows constitute a large
portion of Hawaii’s total acreage. Hawaii is the only island with more than half of its
land area sloping less than 10%, but large portions of its relatively level areas consist of
undevelopable lava flows.
Approximately 38% of Hawaii’s land is government owned and 23% is collectively
held by six major private owners. Of the approximately 4.1 million acres of land in
Hawaii, only 180,000 acres (4.5%) have been put to urban use. Hotel and resort uses
encompass approximately 2,827 acres. This limited availability of land, coupled with the
land’s desirability, creates inherent increasing values in Hawaii’s real estate.
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
19
Meridian Pacific, Ltd.
meridianpacificltd.com
Demographics
Waipahu Town Center
Demographics
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
20
Meridian Pacific, Ltd.
meridianpacificltd.com
Demographics
Waipahu Town Center
21
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Profile/Bio
Waipahu Town Center
Profile / Bio
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
43
Meridian Pacific, Ltd.
meridianpacificltd.com
Profile/Bio
Waipahu Town Center
Meridian Pacific, Ltd.
Company Profile
Meridian Pacific, Ltd. has been involved in all aspects of real estate development in Hawaii and the
mainland for the past 35 years. Currently, we have offices in San Francisco, California and Honolulu,
Hawaii. Over the years, we have financed, designed, developed, constructed, leased, managed and
owned an aggregate total of over 20,000,000 square feet of hospitality, industrial, retail, office and
residential income properties for a total value of $4 billion.
Meridian Pacific, Ltd. is a privately held investment and development corporation and currently serves
as a major developer, owner and manager of real estate in the western United States and Hawaii.
Our expertise and experience as a developer and builder of over 100 projects including hospitality,
shopping centers, industrial complexes, and office buildings in California, Nevada, Texas and Hawaii
contributes to our success in every new project. Our firm has the breadth of knowledge and experience
to manage the entire development process from conception through completion.
Meridian Pacific is vertically integrated in the financing, design, construction and management of the
properties that we develop. Meridian Pacific, Ltd. is a family of privately held LLC’s with offices in San
Francisco and Honolulu.
In recent years Meridian Pacific has successfully acquired and financed for its own account one million
square feet of existing retail properties in California, Nevada and Hawaii. These properties have been
repositioned and re-tenanted in each of their respective markets. The current occupancy of this portfolio
is 98% and the NOI of many of the properties has been increased by 100%. The company continues
to look for well positioned retail properties in second tier markets that offer significant redevelopment
potential with hands-on asset and property management.
As a lender, Meridian Pacific provides a full spectrum of real estate financing services. From 1993
to 2009 Meridian Pacific, Ltd. also provided real estate advisory services to the Hawaii Carpenters
Pension Fund for the State of Hawaii. In recent years, we’ve specialized in providing construction
and permanent financing for projects in the islands which includes serving as a major lender providing
permanent loans and future loan commitments. We have closed transactions in excess of $1 billion
in direct loans. Our lending program enables our firm to provide the underwriting, legal services,
appraisals, environmental, engineering and site inspections together with all other required loan closing
services through our in-house staff. This provides our borrowers with single-source responsibility for all
loan requirements. Meridian Pacific’s loan portfolio has not experienced a single default in the loans it
has placed totaling over $3 billion.
Our exceptional service and breadth of real estate experience places us in the forefront of our
competition. For property development, advisory services, or real estate financing, Meridian Pacific
is an expert in success. If you have any questions regarding any of the above material, please do not
hesitate to call us.
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
44
Meridian Pacific, Ltd.
meridianpacificltd.com
Profile/Bio
Waipahu Town Center
Meridian Pacific, Ltd.
Gary L. Pinkston - President
Gary Pinkston founded Meridian Pacific, Ltd. in 1988 as Principal Owner/President. Meridian
Pacific, Ltd. is a privately owned vertically integrated corporation primarily involved in the
investment and development of real estate in California, Colorado, Hawaii, Texas, and Kansas.
The development activities of the company include over 150 projects including hospitality, retail,
residential and industrial projects.
Meridian Pacific has offices in San Francisco, California and Honolulu, Hawaii, and is actively
involved in the development, design, engineering, construction and financing of projects in their
respective areas. Prior to the formation of Meridian Pacific, Gary Pinkston was co-owner of The
Walker Pinkston Companies, a major design and building contractor that eventually evolved
into one of the premier developers of neighborhood shopping centers throughout California.
The firm developed some 55 shopping centers over a ten year period.
Gary Pinkston is the former financial advisor to the Hawaii Carpenters Union for all real estate
matters. He is a member of the Urban Land Institute, the International Council of Shopping
Centers and the Mortgage Bankers Association of America. He is a licensed Real Estate Broker
in the state of Hawaii and California. He earned a Bachelor of Science Degree in Engineering
from Kansas State University.
MERIDIAN PACIFIC, LTD.
MERIDIAN PACIFIC
1801 Tiburon Blvd., Suite 800
94-050 Farrington Hwy., Suit E1-3
Tiburon, CA 94920
Waipahu, HI 96797
Ph: 415-789-5530 Fax: 415-789-5564
Ph: 808-677-6700 Fax: 808-671-2427
REAL ESTATE
Lenders
Principals/Developers
Mortgage Bankers
Investment Bankers
Fund Advisors
Asset Managers
45
Meridian Pacific, Ltd.
meridianpacificltd.com