KAHUKU, HAWAII MARCONI STATION Rare ocean front PROPERTY OVERVIEW property on North Shore of Oahu with 838’ of ocean front CUSHMAN & WAKEFIELD is proud to offer Marconi Station, 28.67 acres of beautiful oceanfront property on the north shore of Oahu. This property consists of 4 separate parcels Adjacent to Turtle Bay within the Marconi Point CPR, each with a unique Resort historic structure. Marconi Station benefits from an exclusive location adjacent to Turtle Bay Resort, a premier resort destination, to the west, and James Campbell Wildlife Refuge to the Easily accessible off southeast and the Pacific Ocean to the north. Kamehameha Highway

The existing structures may be renovated and developed for residential use as “farm dwellings” or, a purchaser may leverage the historic Potential tax benefits designation to obtain approval of an adaptive due to property being reuse plan that would provide for uses not registered as historic site typically allowed by the underlying zoning such as farmstays, hospitality, and other more intense land uses. Historic designation provides for many potential uses ranging from a family compound to private retreat and farm-stay to boutique B&B PROPERTY DETAILS

ADDRESS: 56-1089 Kamehameha Highway, Kahuku, HI

TMK NO.: (1) 5-6-003: 053, Marconi Point CPR Nos. 16 through 19

SIZE: 28.67 Acres

ZONING: Agricultural (AG-2) & Preservation (P-1)

UNIT SUMMARY

CPR Unit # 16 17 18 19

Land Size 9.760 Acres 4.019 Acres 12.047 Acres 2.852 Acres

PERMITTED USES: Farm dwellings, veterinary services, public uses and structures, agricultural distribution centers, sales/service of machinery, kennels, and utility installations

USES ALLOWED WITH A USE PERMIT: Schools, meeting facilities, neighborhood grocery stores, agribusiness activities, day care facilities, zoos, major processing of agricultural products, group living facilities, and biofuel processing facilities.

USES ALLOWED WITH PLAN REVIEW: Trade or convention centers, universities/colleges, and hospitals

ACCESS: Accessed via Marconi Road from Kamehameha Highway. INFRASTRUCTURE

ROADS: Internal streets have been improved to City standards with a 24’ wide asphalt roadway within a 44’ Right of Way. Access from Kamehameha Highway is planned to be improved to City standards with a target completion by Year End 2020.

ELECTRICAL: Hawaiian Electric Company (HECO) 3-phase and single phase underground to the property. Overhead single phase scheduled for removal.

WATER: 8” water main to the property. Onsite domestic well.

INCENTIVES: Property’s historic designation and location allow for the potential to apply for the following incentives. Enterprise Zone (Honolulu County’s North Shore – Wahiawa – Mililani Enterprise Zone) o 100% exemption from the General Excise Tax (GET) o Two-year exemption from any increase in property taxes resulting from new construction o Waiver of building and grading permit fees For more info, visit https://invest.hawaii.gov/business/ez/#zones

Adaptive Re-use of Historic Structures o Federal historic tax credits (for more info, visit the NPS website) o County tax exemptions o Land uses not permitted in underlying zoning MARCONI POINT – UNIT 16

IMPROVEMENTS: THE MARCONI HOTEL 5,398 SF, 2-story, 15 room hotel

OCEAN FRONTAGE: 356 feet MARCONI POINT – UNIT 17

IMPROVEMENTS: MARCONI ADMINISTRATION BUILDING 1,863 SF, 1-story, office building

OCEAN FRONTAGE: 179 feet MARCONI POINT – UNIT 18

IMPROVEMENTS: MARCONI POWERHOUSE 23,027 SF, 2.5-story powerhouse

OCEAN FRONTAGE: 233 feet MARCONI POINT – UNIT 19

IMPROVEMENTS: MARCONI MANAGER’S RESIDENCE 2,018 SF, 1-story bungalow with 2 bedrooms, one bath, kitchen, living room, and dining room

OCEAN FRONTAGE: 66 feet LOCATION

MARCONI STATION is ideally located on the north shore of Oahu. The North Shore of Oahu encompasses the 17-mile north-facing coastal area MARCONI STATION between Ka’ena Point in the west and eastward to Kahuku Point. Famous for its surfing, snorkeling, and of course the fifty-one beaches that stretch for more than 11 miles along this incredible expanse of Oahu coastline. Gigantic 30-foot waves and professional surfing contests at Waimea Bay and Sunset Beach are prevalent in the winter months but calm down in the summer to allow for glorious diving and snorkeling among colorful coral and fish. The crowds certainly gather in the area’s top beaches like Sunset Beach (one of the longest surf ride locations in the world), Banzai Pipeline (Ehukai Beach) and Waimea Beach (one of the original surfing beaches in the 50’s) OAHU to soak in the rays and watch daring surfers. Indie galleries, surf shops and Hawaiian plate-lunch spots fill Haleiwa town, while the Dole Plantation runs tours of its pineapple fields and tropical gardens.

The property is close to many points of interest with the following drive times:

LOCATION DRIVE TIME Sunset Beach 12 min Waimea Bay 16 min Downtown Honolulu & Airport 55 min Waikiki 1 hour 5 min MARCONI STATION PROJECT OVERVIEW MARCONI FARMS • Units 1-15, 45 Total Acres • 15 Total Land Units (CPR) MARCONI MARCONI - 6 Oceanfront Units (1,370+ MARCONI total feet of frontage) FARMS STATION - 8 Golf Course Front Units RCA (3,600 total feet of frontage) • Commitment to agricultural based land uses • Units with Oceanfront & Interior farm dwelling residences • Units with agricultural use only (no farm dwellings allowed)

MARCONI STATION • Units 16-19, 28 Total Acres • 4 Total Land Units (CPR) - 838 total feet of ocean frontage • Each Unit has ocean frontage and contains a Historic Structure - Hotel, Powerhouse, Administrative Building & Manager’s Residence • Preservation & Adaptive Re-use of Historic Structure • Potential Historic Tax Credits

MARCONI RCA • Units 20-32, 16 Total Acres, Eastern • 13 Total Land Units (CPR) MARCONI STATION is the heart of Marconi Point. Marconi Point is - 882 total feet of ocean frontage an agricultural Condominium Property Regime (“CPR”) with 32 separately • Existing Sand & Nursery Business conveyable land units, divided into three distinct “districts” according to • Existing Solar Leases unique property features: (i) Marconi Farms, (ii) Marconi Station,and (iii) • Resource, Conservation & Agricultural Marconi Resource, Conservation & Agricultural (“RCA”). (RCA) Focus HISTORY

MARCONI STATION is a former wireless telegraph station. It was named after Guglielmo Marconi, who invented and commercialized the way to transmit Morse signals across great distances. The station was built in 1914 and was the largest wireless telegraph station in the world in terms of capacity and power.

In 2012, each of the four buildings were placed on the Hawaii Register of Historic Places, which is overseen by the State Historic Preservation Division (SHPD). In 2013, the property was added to the National Register of Historic Places. TERMS PRICE: $18,000,000

SUBMIT OFFERS TO: Marconi Station LLC c/o Cushman & Wakefield ChaneyBrooks Attention: Anthony Provenzano (B) [email protected] CC: Joseph T. Haas (B) [email protected] 1440 Kapiolani Boulevard, Suite 1010 Honolulu, Hawaii 96814 Main +1 808 544 1600 Fax +1 808 544 9574 www.chaneybrooks.com

LISTING PROVIDED BY: ADVISORY SERVICES PROVIDED BY:

ANTHONY PROVENZANO (B) CUSHMAN & WAKEFIELD MATT DAVIS CUSHMAN & WAKEFIELD Senior Vice President CHANEY BROOKS Director LAND ADVISORY GROUP [email protected] 1440 Kapiolani Blvd, Ste 1010 [email protected] 4747 Executive Drive, 9th Floor Honolulu, HI 96813 | USA CA Lic. #1758818 San Diego, CA 92121 | USA JOSEPH T. HAAS (B) Managing Director TERRY JACKSON [email protected] Director [email protected] ANDREW D. STARN (B) CA Lic. #00669485 Senior Vice President [email protected]