oahu land portfolio - cbreusproperties.cbre.us/oahu-land/assets/dole-oahu-om.pdf2 the pprtit the...
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© 2010 CB Richard Ellis, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Parcels are prime for Orchard, Row, Seed, and Bio-Fuel Crops, Cattle and Goat Ranching
OAHU LAND PORTFOLIO
© 2013 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
CONTACT:Andres Albano (B)Senior Vice President+1 808 541 [email protected]
Featuring over 13,000 Acres on the Famed North Shore of Oahu
2
THE OPPORTUNITY
The Opportunity
THE OFFERING
CBRE, Inc. is exclusively offering for sale a portfolio of agriculturally zoned land parcels on the famous North Shore of Oahu, Hawaii.
In addition to the properties highlighted in the fact sheets on the following pages, there are additional smaller parcels of land available for sale. TMK’s, acreages, and zoning designations are included on the final pages of this offering memorandum. All maps represent approximations.
PORTFOLIO HIGHLIGHTS
• Agricultural, ranch, and estate land
• Available for purchase individually or combined
• All parcels located within 20 miles of the harbor and airport
• Gorgeous ocean views and lush, rolling hills
THE PROCESS
The land will be delivered fee simple at the close of escrow. Please submit all inquiries and offers by email or U.S. phone to:
Andres AlbanoSenior Vice PresidentLic. RB-7768CBRE, Inc. Broker Lic. 004099871003 Bishop Street, Suite 1800Honolulu, HI 96813-3689Work 808 541 [email protected]
3
THE OPPORTUNITY
The Market
THE ISLAND OF OAHU
Oahu is the third largest - and most visited - island in Hawaii. It is home to nearly 80% of Hawaii’s diverse population: a fusion of East and West cultures rooted in the values and traditions of the native Hawaiian people.
Oahu is an island of activity. Whether you’re learning to surf in legendary Waikiki, hiking through the rich rainforests of Waimea Valley, or watching the brilliant pastels of dusk fade off the North Shore, you’ll find beauty and variety at every turn.
OAHU QUICK FACTS
• Capital City: Honolulu
• Population: 905,266
• Average Temperature: 75˚- 85˚ F
• Miles of Coast: 112
• Highest Point: Mt. Kaala (rising 4,020’ above sea level)
• Iolani Palace in Honolulu is the only royal palace in the U.S.
4
THE OPPORTUNITY
The Market
THE CITY OF HONOLULU Home to the State Capitol, Honolulu is the vibrant epicenter of Hawaii. Here you’ll find everything from historic buildings and treasured monuments to world-class shopping and a flourishing arts and culture scene.
WAIKIKIWorld-famous Waikiki was once a playground for Hawaiian royalty. Known in Hawaiian as “spouting waters,” Waikiki was introduced to the world when its first hotel, the Moana Surfrider, was built on its shores in 1901.
Today, Waikiki is a vibrant gathering place for visitors from around the world. Along the main strip of Kalakaua Avenue there is a wide variety of shopping, dining, entertainment, and hospitality options.
From Hawaiian royalty to Hawaiian Regional Cuisine, Waikiki continues to be an evolving expression of the ancient spirit of
HONOLULU INTERNATIONAL AIRPORTHonolulu International Airport (HNL) is Hawaii’s major airport. Located three miles from Downtown Honolulu, it serves as the entry point for most of Hawaii’s visitors. All major domestic and international airlines serve Oahu.
HONOLULU HARBORHawaii depends almost entirely on the ocean shipping industry to transport its essential commodities (food, clothing, fuel, building materials, automobiles, etc.) and local products (pineapple, sugar, molasses, livestock, diversified agriculture, etc.) to and from neighboring islands, the mainland, and various foreign countries.
Honolulu Harbor is the largest of Oahu’s three commercial harbors. It extends from Ala Moana Shopping Center to the San Island Industrial District, and is dominated primarily by ship-building and repair, commercial fishing, and cruise operations. Based on a study of the throughput of containers, Honolulu Harbor ranked as the 10th busiest of all 75 North American container ports.
All of the properties being sold are located within 20 miles of the Honolulu Harbor.
5
THE OPPORTUNITY
The Market
THE NORTH SHORE AND AGRICULTUREHawaiians settled along the North Shore around 1100 AD and established villages along its valleys, streams, and bays. Drawn to the area by the rich ocean waters and fertile lands dotted with natural springs, they grew taro and sweet potato. In 1837, the western system of land titles and deeds was first introduced on the island of Oahu. With private land ownership came sugar cane and pineapple plantations, which dominated the economy for 100 years. Pineapple, along with diversified agriculture, continue along the North Shore today.
Along with tourism and military spending, agriculture is one of the primary drivers of Oahu’s economy. Agriculture has also contributed to Oahu’s unique culture. Many immigrants from China, Japan, Portugal, and the Philippines came to work on the pineapple and sugar plantations. The combination of these groups and the Native Hawaiians give Oahu its rich history and heritage.
POTENTIAL USES OF THE LAND INCLUDE THE FOLLOWING: Orchard Crops: Mangos, Bananas, Lychees, Papaya, Cacao
Row Crops: Tomatoes, Peppers, Asparagus, Leafy Greens
Seed Corn and Other Bio-Fuel Crops
Cattle and Goat Ranching
Alternative Renewable Energy Programs
Forestry
6
THE OPPORTUNITY
MAP OF SOLD, UNDER CONTRACT & AVAILABLE PROPERTIES
6-7-01-05
6-7-02-466-7-02-46
6-7-01-266-7-01-266-7-01-636-7-01-63
6-8-06-176-8-06-17
Waialua Beach Rd
Jose
ph P
Leong H
wy
Kamehameha Hwy
Kameh
ameh
a Hw
y
Kaukonahua Rd
Wilikina Dr
Farrington Hwy
Farrington HwyDillingham Airfield
7-1-02-11
6-7-01-30
6-7-02-376-7-02-47
6-5-01-44(por)
6-3-01-03
6-1-02-01
6-1-02-23
6-1-02-24
6-2-02-02
6-2-02-04
6-2-05-35
6-2-06-04
6-4-01-01(por)
6-2-06-02
6-2-06-016-4-01-04
6-4-01-05
6-2-07-02
6-2-07-04
6-2-10-06
6-5-01-14
6-8-07-05
6-5-02-06
6-5-02-27
7-2-01-03
6-4-01-12
6-4-02-01
6-2-07-11
6-6-27-08
6-6-27-09
6-6-27-10
6-2-06-066-6-10-106-6-12-01
6-6-14-04
6-8-02-05
6-7-01-08
6-7-01-34
6-7-01-37
6-3-01-02
6-4-04-112E
Bulk Parcels with Prices
Individual Parcels with Prices
Under Contract
6-7-01-36
6-5-02-08
6-5-02-28
6-4-03-18 Rd 6-4-04-12 2F
8
THE OPPORTUNITY
The Properties
PROPERTY DESCRIPTION
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAMEHAMEHA HIGHWAY
6-1-02-01
75.1
$8,261,000
Current Use: Fallow agricultural land
% Farmable:
% Ranch:
% Natural:
99.9%
0%
0.1%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
75
0
0.1
Access:
Water:
Electric:
Needs an easement from KSBE; Legal access via pedestrian trail; need vehicular accessNone, but could possibly get water from KSBE irrigation systemNo electricity on property, but could get from KSBE or power poles on Kamehameha Hwy
Highlights: Extremely unique property with views of the Pacific Ocean and Waimea Bay
9
THE OPPORTUNITY
The Properties
PROPERTY DESCRIPTION
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAMEHAMEHA HIGHWAY
6-1-02-24
34.87
$1,482,250*
Current Use: Fallow agricultural land
% Farmable:
% Ranch:
% Natural:
97.5%
0%
2.5%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
34.0
0
0.87
Access:Water:
Electric:
Needs an easementNone, but could possibly get water from KSBE irrigation systemNo electricity on property, but could get from KSBE
Highlights: Above Waimea Valley with extensive views of Waimea Valley and Waimea Bay
* The asking price of TMK 6-1-02-24 includes the asking price of TMK’s 6-1-02-23
The following TMK will be included as part of any sale of TMK 6-1-02-24:
6-1-02-23 – 0.140 acres
10
THE OPPORTUNITY
The Properties
PROPERTY DESCRIPTION
Address:
Tax Map Key:
Total Acreage:
Asking Price:
JOSEPH P LEONG HIGHWAY
6-2-05-35
4.248
$1,168,200
Current Use: Roadway and idle agricultural land
% Farmable:
% Ranch:
% Natural:
24%
76%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
1
3.248
0
Access:
Water:
Electric:
Via KSBE plantation road
None, could access city water
Could access Kamehameha Hwy poles
Highlights: Partial plantation roadway that includes road fork that provides access to KSBE and Dole properties. This property must retain easements for Dole access if sold.
11
THE OPPORTUNITY
The Properties
PROPERTY DESCRIPTION
Address:
Tax Map Key:
Total Acreage:
Asking Price:
JOSEPH P LEONG HIGHWAY
6-2-06-06
2.68
$1,474,000
Current Use: Idle agricultural land
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
2.68
0
0
Access:
Water:
Electric:
From Kamehameha Hwy across KSBE property
City water
From Kamehameha Hwy power poles
Highlights: Former Weinberg Village Transitional Housing for Homeless under temporary zoning waivers. Near to active commercial properties; potential development consistent with KSBE public plans.
12
THE OPPORTUNITY
The Properties
PROPERTY DESCRIPTION
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAMEHAMEHA HIGHWAY
6-3-01-02
3,716
$5,109,500
Current Use: Preservation land
% Farmable:
% Ranch:
% Natural:
0%
0%
100%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
0
0
3,716
Access:
Water:Electric:
Legal access via Kamehameha SchoolsNoneNone
Highlights: Conservation TMK Land; Attractive choice for Land Trust Organization; Currently used by US Army for training
13
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAMEHAMEHA HIGHWAY
6-3-01-03
1,143.49
$1,715,200
Current Use: Preservation land
% Farmable:
% Ranch:
% Natural:
0%
0%
100%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
0
0
1,143.49
Access:
Water:
Electric:
Access via Plantation Road
None
None
Highlights: No Tenant; Rough Terrain Conservation Land
PROPERTY DESCRIPTION
UNDER
CONTRACT
14
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
64-486 KAMEHAMEHA HWY
6-4-01-01
1,329.03 acres
$21,490,450*
Current Use: Active and thriving corn farm plus ranching
% Farmable:
% Ranch:
% Natural:
47.9%
0%
52.1%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
673.37
0
732.66
Access:
Water:
Electric:
Kamehameha Highway
Irrigation water from Wahiawa Ditch irrigation system
Power poles along Kamehameha Highway
Highlights: Very large parcel with great views overlooking the North Shore; green, rolling hills.
* The asking price of TMK 6-4-01-01 includes the asking prices of TMK’s
6-2-06-01, 6-2-07-02, 6-2-07-04, 6-2-10-06, 6-4-01-04,
6-4-01-05 and 6-4-01-12
PROPERTY DESCRIPTION
The following TMK’s will be included as part of any sale of TMK 6-4-01-01. These consist of ranch and Natural property.
6-2-06-01 – 1.710 acres
6-2-07-02 – 6.520 acres
6-2-07-04 – 1.960 acres
6-2-10-06 – 8.250 acres
6-4-01-04 – 1.62 acres
6-4-01-05 – 6.86 acres
6-4-01-12 – 14.575 acres with a large well, pump, and pump house
UNDER
CONTRACT
15
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
WAHIAWA, HI 96786-5132
6-4-02-01
3,385.66
$33,000,000
Current Use: Active and thriving ranching and diversified orchard crops
% Farmable:
% Ranch:
% Natural:
44.35%
0%
55.66%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
1,501.37
0
1,884.29
Access:
Water:
Electric:
Access from Drum Rd. off army base
None except stream surface water for irrigation and stock water on North Shore Cattle section
None
Highlights: Very large parcel with great views overlooking the North Shore; green, rolling hills.
PROPERTY DESCRIPTION
16
THE OPPORTUNITY
The Market
Address:
Tax Map Key:
Total Acreage:
Asking Price:
PAALAA UKA RD
6-4-04-11 2E
1,247.697acres
$12,500,000
Current Use: Fallow agricultural land
% Farmable:
% Ranch:
% Natural:
36%
0%
64%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
448.697
0
799.00
Access:
Water:
Electric:
Kamehameha Highway
Unirrigated Land
Power poles along Kamehameha Highway
Highlights: Size and price may need to be revised following subdivision
PROPERTY DESCRIPTION
UNDER
CONTRACT
17
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
WAHIAWA, HI 96786-5132
6-5-01-14
50.130
$4,117,300
Current Use: Active and thriving mango orchard
% Farmable:
% Ranch:
% Natural:
80.66%
0%
19.34%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
40.435
0
9.695
Access:
Water:
Electric:
Kaukonahua Road
Wahiawa Ditch
Power poles and lines are located along Kaukonahua Road
Highlights: Great farmland and views
PROPERTY DESCRIPTION
UNDER
CONTRACT
18
THE OPPORTUNITY
The Market
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAUKONAHUA RD
6-5-01-44 (por)
110.67 acres
$5,526,630
Current Use: Active and thriving farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
80.54
0
0
Access:
Water:
Electric:
Kaukonahua Road
Wahiawa Irrigation
System R2
Power poles along Kaukonahua Road
Highlights: Size and price may need to be revised following subdivision
PROPERTY DESCRIPTION
UNDER
CONTRACT
19
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAUKONAHUA ROAD
6-5-02-06
42.36
$2,695,000
Current Use: Active and thriving agricultural land
% Farmable:
% Ranch:
% Natural:
94.85%
0%
5.153%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
40.177
0
2.183
Access:Water:
Electric:
From Kaukonahua RoadDole irrigation system and Wahiawa DitchFrom Kaukonahua Road
Highlights: Former lease farmer
PROPERTY DESCRIPTION
UNDER
CONTRACT
21
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAUKONAHUA ROAD
6-5-02-08
45.85
$2,952,400
Current Use: Active and thriving agricultural land
% Farmable:
% Ranch:
% Natural:
95.22%
0%
4.78%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
43.66
0
2.19
Access:Water:
Electric:
From Kaukonahua RoadWahiawa Ditch or Dole IrrigationFrom Kaukonahua Road
Highlights: Former pineapple plantation; Leased to farmer
PROPERTY DESCRIPTION
UNDER
CONTRACT
22
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:*
KAUKONAHUA ROAD
6-5-02-27
45.42
$1,309,000 (50% interest)
Current Use: Active and thriving agricultural land
% Farmable:
% Ranch:
% Natural:
96%
0%
4%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
41.09
0
1.72
Access:Water:
Electric:
From Kaukonahua RoadWahiawa Ditch or Dole IrrigationFrom Kaukonahua Road
Highlights: Former pineapple plantation; Leased to Farmer
*Dole owns a 50% undivided interest.
PROPERTY DESCRIPTION
UNDER
CONTRACT
23
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KAUKONAHUA ROAD
6-5-02-28
32.60
$765,600 (50% interest)
Current Use: Active and thriving agricultural land
% Farmable:
% Ranch:
% Natural:
96%
0%
4%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
29.36
0
1.22
Access:Water:
Electric:
From Kaukonahua RoadWahiawa Ditch or Dole IrrigationFrom Kaukonahua Road
Highlights: Former pineapple plantation
*Dole owns a 50% undivided interest.
PROPERTY DESCRIPTION
UNDER
CONTRACT
24
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price
CANE HAUL ROAD
6-6-10-10
3.41
$1,875,500
Current Use: Leased to farmer – thriving vegetable farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
3.41
0
0
Access:
Water:
Electric:
Via KSBE plantation road
From KSBE agricultural water system; could access city water from Kamehameha Hwy
Could access Kamehameha Hwy power poles
Highlights: Potential development consistent with KSBE public plans
PROPERTY DESCRIPTION
25
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
TBD
6-6-12-01
1.34
$737,000
Current Use: Leased to farmer – thriving vegetable farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
1.34
0
0
Access:
Water:
Electric:
Via KSBE plantation road
From KSBE agricultural water system; could access city water from Kamehameha Hwy
Could access Kamehameha Hwy power poles
Highlights: Potential development consistent with KSBE public plans
PROPERTY DESCRIPTION
26
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
HALEIWA ROAD
6-6-14-4
20.083
$5,523,100
Current Use: Fallow agricultural land
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
20.083
0
0
Access:
Water:
Electric:
Haleiwa Road
City Water
Potentially accessed via sources in neighboring development or power poles on Haleiwa Road
Highlights: Parcel has water frontage and is adjacent to State Park and Kaiaka Bay
PROPERTY DESCRIPTION
27
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price*:
FARRINGTON HIGHWAY
6-6-27-10
141.895
$7,599,900
Current Use: Active and thriving agricultural land
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
141.895
0
0
Access:Water:Electric:
From Farrington HighwayDole Irrigation and well waterFrom Farrington Highway
Highlights: Improved access; Very productive eluvial soils
* The asking price for 6-6-27-10 includes the asking prices for 6-6-27-08 and 6-6-27-09.
PROPERTY DESCRIPTION
The following TMK’s will be included as part of any sale of TMK 6-6-27-10:
6-6-27-08 – 1.556 acres
6-6-27-09 – 0.335 acres
28
THE OPPORTUNITY
The Market
Address:
Tax Map Key:
Total Acreage:
Asking Price:
WAIALUA BEACH RD
6-7-01-05*
16.92 acres
$4,280,760
Current Use: Fallow agricultural land
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
16.92
0
0
Access:
Water:
Electric:
Waialua Beach Road
BWS Ext.
Pump 1 Ext.
Power poles along Waialua Beach Road
Highlights:
PROPERTY DESCRIPTION
*6-7-01-05 (must be bundled with 6-7-01-36.
29
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
WAIALUA BEACH ROAD6-7-01-08 (por)-36-7-01-08 (por)-66-7-01-08 (por)-9A6-7-01-08 (por)-10A6-7-01-08 (por)-1C4
6-7-01-08 (por)-3 4.834 6-7-01-08 (por)-6 6.472(6-7-01-08 (por)-9A 3.0876-7-01-08 (por)-10A 13.4666-7-01-08 (por)-1C4 1.010
6-7-01-08 (por)-3 $06-7-01-08 (por)-6 $1,423,8406-7-01-08 (por)-9A $679,1406-7-01-08 (por)-10A $2,962,5206-7-01-08 (por)-1C4 $222,420
Current Use: Active and thriving agricultural land
% Farmable:
% Ranch:
% Natural:
85%
0%
15%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
24.13
0
4.289
Access:
Water:
Electric:
Cane Haul Road and Waialua Beach RoadNo Agricultural water, but City Water available; current farmer accesses water from neighboring property wellFrom Wailua Beach Road
PROPERTY DESCRIPTION
6-7-01-08 (por)-36-7-01-08 (por)-6
6-7-01-08 (por)-9A6-7-01-08 (por)-1C4
6-7-01-08 (por) -3 must be bundled with one of
the below parcels:
6-7-01-08 (por) - 66-7-01-08 (por) - 9A6-7-01-08 (por) - 1C4
6-7-01-08 (por)-10A
30
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
67-421 FARRINGTON HIGHWAY
6-7-01-26
281.311
$8,439,000
Current Use: Active and thriving farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
281.311
0
0
Access:
Water:
Electric:
Farrington Highway
Agriculture water provided from Dole’s ag pump 1 (well water suitable for all crops).
From Farrington Highway
Highlights: Excellent farm land
PROPERTY DESCRIPTION
31
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
67-375 PUUIKI STREET
6-7-01-30
1.22
$308,660
Current Use: Church site
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
1.22
0
0
Access:
Water:
Electric:
Puuiki Street
Agriculture water provided from Dole’s ag pump 1 (well water suitable for all crops).
Accessed from neighboring development
Highlights: Potential infill for further development of rural town next to Mill Camp
PROPERTY DESCRIPTION
32
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
WAIALUA BEACH ROAD
6-7-01-34
8.417*
$927,300
Current Use: Active and thriving agricultural land
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
8,417
0
0
Access: Water:
Electric:
Waialua Beach Road and Cane Haul Road
From neighboring parcel well
Power poles and lines run along Waialua Road
Highlights: Located adjacent to rural town Waialua; Best to sell with 6-7-01-08
*Acreage is per Land Court.
The following TMK will be included as part of any sale of TMK 6-7-01-34:
6-7-01-08 – 28.419 acres (see previous page)
PROPERTY DESCRIPTION
33
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KOANAKU ROAD
6-7-01-37
24.167*
$1,812,750
Current Use: Active and thriving farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
24.167
0
0
Access:
Water:
Electric:
Puuiki Street and Koanaku RoadDole irrigation system Pump 1 or 2APotentially accessed via sources in neighboring development
Highlights: Potential infill for further development of the rural town next to Mill Camp
*Acreage is per Land Court.
PROPERTY DESCRIPTION
34
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
67-114 KEALOHANUI STREET
6-7-01-63
96.788
$5,125,630
Current Use: Farms and residential units
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
96.788
0
0
Access:
Water:
Electric:
Farrington Highway and Kealohanui Street
Agriculture water provided from Dole’s ag pump 1 (well water suitable for all crops).
Accessed from neighboring development
Highlights: Retirement community and rental housing for former Dole employees
PROPERTY DESCRIPTION
36
THE OPPORTUNITY
The Market
Address:
Tax Map Key:
Total Acreage:
Asking Price:
FARRINGTON HWY
6-7-02-37
21.66 acres
$1,624,500
Current Use: Active and thriving farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
21.66
0
0
Access:
Water:
Electric:
Farrington Highway
Pump 1
Power poles along Farrington Highway
Highlights:
PROPERTY DESCRIPTION
37
THE OPPORTUNITY
The Market
Address:
Tax Map Key:
Total Acreage:
Asking Price:
FARRINGTON HWY
6-7-02-46
36.74 acres
$2,204,400
Current Use: Active and thriving farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
36.74
0
0
Access:
Water:
Electric:
Farrington Highway
Pump 1
Power poles along Farrington Highway
Highlights:
PROPERTY DESCRIPTION
38
THE OPPORTUNITY
The Market
Address:
Tax Map Key:
Total Acreage:
Asking Price:
FARRINGTON HWY
6-7-02-47
3.47 acres
$877,910
Current Use: Active and thriving farm
% Farmable:
% Ranch:
% Natural:
100%
0%
0%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
3.47
0
0
Access:
Water:
Electric:
Farrington Highway
Pump 1
Power poles along Farrington Highway
Highlights:
PROPERTY DESCRIPTION
39
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
FARRINGTON HIGHWAY
6-8-02-05
184.02
$6,293,520
Current Use: Active and thriving diversified vegetable farm
% Farmable:
% Ranch:
% Natural:
88.15%
8%
3.85%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
162.30
14.30
7.30
Access:
Water:
Electric:
Access from Farrington Hwy
None, irrigated from well on 1-6-8-03-09 (Pump #5)
Yes
Highlights: Well suited to agricultural production; gently sloping; direct access onto Farrington Hwy; right across from the ocean with a stunning view.
PROPERTY DESCRIPTION
40
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
WAILUA
6-8-07-05 (subdivided from 6-8-07-01)
718.444
$2,513,000
Current Use: Active and thriving cattle ranch
% Farmable:
% Ranch:
% Natural:
0%
97.43%
2.57%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
0
700
18.444
Access:
Water:
Electric:
Access from Mt. Ka’ala Road
Drawn from Wahiawa ditch between this parcel & neighboring parcel
Power poles are in place, possibly serving federal property to the south
Highlights: Beautiful topography with gullies and ridges; spectacular views; well preserved land; ideal for a retreat.
PROPERTY DESCRIPTION
UNDER
CONTRACT
42
THE OPPORTUNITY
The Properties
Address:
Tax Map Key:
Total Acreage:
Asking Price:
KARSTEN DRIVE
7-2-01-03
431.899
$647,900
Current Use: Preservation land
% Farmable:
% Ranch:
% Natural:
0%
0%
100%
# Acres Farmable:
# Acres Ranch:
# Acres Natural:
0
0
431.899
Access:
Water:
Electric:
No available access
No
No
Highlights: Conservation Land; wraps around the Navy Base
PROPERTY DESCRIPTION
UNDER
CONTRACT
43
THE OPPORTUNITY
The Properties
ADDITIONAL PARCELS AVAILABLE
PARCEL ACRES BLDG SF ASKING PRICE NOTES
6-2-02-02 9.114 $1,283,700
6-2-04-27 0.258 11,234
6-2-07-07 7.739 $511,000
6-2-07-11 2.126 $232,000
6-2-08-01 6.240 $38,000
6-2-08-04 5.650 $170,000 SOLD
6-2-08-05 4.100 $185,000
6-2-08-06 3.930 $138,000
6-2-08-08 0.590 $21,000
6-2-08-09 0.190 $9,000
6-2-08-10 0.534 $23,000
6-2-08-11 12.050 $422,000
6-2-08-16 8.510 $51,000
6-2-08-19 3.280 $20,000
6-2-10-02 14.000 $84,000
6-2-10-03 3.180 $19,000
6-2-10-04 6.220 $37,500
6-2-10-05 0.640
6-2-10-08 1.137
6-2-10-10 6.000 $36,000
6-2-10-11 4.110 $25,000
6-2-10-12 1.890 $11,500
6-2-11-02 0.220 $1,500
6-2-11-03 5.540 $33,500
6-2-11-04 2.220 $13,500
6-2-11-05 1.760 $10,500
6-2-11-06 3.000 $18,000
PARCEL ACRES BLDG SF ASKING PRICE NOTES
6-2-11-07 1.270 $8,000
6-2-11-08 4.000 $24,000
6-2-11-09 10.920 $66,000
6-2-11-10 0.207 $2,000
6-2-11-13 2.320 $14,000
6-2-11-16 5.370 $32,500
6-2-11-17 8.060 $48,500
6-2-11-18 0.290 $4,500
6-2-11-19 3.240 $20,000
6-2-11-20 0.330 $2,000
6-2-12-13 0.167 7,297
6-6-20-19 2.071
6-7-02-40, 43 810.64 $5,408,600
6-7-02-45 5.00
6-7-03-03 109.500
6-7-03-08 1.300
6-7-03-19 75.000
6-7-10-02 0.082 3,553
6-7-10-03 0.047 2,049 SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD SOLD
SOLD
SOLD
44
THE OPPORTUNITY
Potential Uses
EXISTING LEASESAll of the parcels available for sale are zoned agricultural; and many are currently in use for agricultural purposes and leased to third parties. The buyer shall determine if third party leases are terminated and by providing appropriate notice to tenants as provided for within the terms of the existing leases.
AGRICULTURAL DISTRICTS
A. The purpose of agricultural districts is to maintain a strong agricultural economic base, to prevent unnecessary conflicts among incompatible uses, to minimize the cost of providing public improvements and services and to manage the rate and location of physical development consistent with the city’s adopted land use policies.
B. The intent of the AG-1 restricted agricultural district is to conserve and protect important agricultural lands for the performance of agricultural functions by permitting only those uses which perpetuate the retention of these lands in the production of food, feed, forage, fiber crops and horticultural plants.
C. The following guidelines shall be used to identify lands which may be considered for the AG-1 restricted agricultural district:’
1. Lands which are within the state-designated agricultural district and designated agricultural by adopted city land use policies;
2. Agricultural lands are subject to the Important Agricultural Lands (IAL) laws, HRS Section 205-41 it. seq.; and
3. Lands where a substantial number of parcels are more than five acres in size. D. The intent of the AG-2 general agricultural district is to conserve and protect agricultural activities on smaller parcels of land.
E. The following guidelines shall be used to identify lands which may be considered for the AG-2 general agricultural district:
1. Lands which are in the state-designated agricultural or urban district and designated agricultural by adopted city land use policies;
2. Lands which are predominantly classified as other under the agricultural lands of importance to the State of Hawaii system; and
3. Lands which are used or are suitable for agricultural purposes and where a substantial number of parcels are less than five acres in size.
District information contained herein comes from the Land Use Ordinance (Sec. 21-3.50 ), published by the Department of Planning and Permitting of the City and County of Honolulu.
CBRE, Inc., a Delaware Corporation, has been retained as exclusive advisor and broker by the owner (“Owner”) of the properties (“Properties”), described herein.
This Offering Memorandum has been prepared by CBRE for use by a limited number of parties and does not purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. No representation is made by CBRE or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied upon as, a promise or representation as to the future performance of the Properties. Although the information contained herein is believed to be correct, Owner, its agents, offices and employees, disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Furthermore, CBRE, Owner, its agents, officers and employees, disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient.
The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Properties or Owner since the state of preparation of the Offering Memorandum Analysis; and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.
Additional information and an opportunity to inspect the Properties will be made available upon request to interested and qualified prospective purchasers.
Owner and CBRE each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offer regarding the Properties and/or to terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Properties unless and until such offer is approved by Owner, a written agreement for the purchase of the Properties has been fully executed, delivered, and approved by Owner and its legal counsel, and any conditions to Owner’s obligations there under have been satisfied or waived.
The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in resources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or CBRE, and that you will not use the Offering Memorandum Summary or any of the contents in any fashion or manner detrimental to the interest of Owner or CBRE.
If you have no interest in the Properties at this time, please return the Offering Memorandum to Andres Albano at CBRE, Inc., 1003 Bishop Street, Suite 1800, Honolulu, HI 96183.
45
THE OPPORTUNITY
Confidentiality
CONFIDENTIALITY STATEMENT