ALAKEA CORPORATE TOWER PENTHOUSE OFFICE • 1100 ALAKEA, 31ST FLOOR • HONOLULU, HI INVESTMENT OPPORTUNITY > COMMERCIAL PENTHOUSE ALAKEA CORPORATE TOWER • 1100 ALAKEA, 31ST FLOOR • HONOLULU, HI This approximately 4,583 square foot commercial condo is INVESTMENT SUMMARY ideal for an owner/user. The unit has an undivided 2.8917% interest in all common elements of Alakea Corporate Tower, Asking Price: $2,995,000 a 32-story, Class “A” office building in Honolulu’s Central Address: 1100 Alakea Street, 31st Floor Business District. Undivided Interest: 2.8917% The 31st floor penthouse office is improved with dramatic Tenure: Fee Simple high ceilings and bears floor-to-ceiling perimeter windows which allow for natural lighting and great views of Honolulu Building Area: 4,583 SF Harbor, Diamond Head, Honolulu and CBD. The building has TMK No.: (1) 2-1-10-5 CPR No. 52 central air conditioning and is equipped with 3 elevators. Zoning: BMX-4 (Business Mixed Use) Included in the sale are 14 highly desirable parking stalls. The property is located near several major traffic arteries Parking: 14 stalls through urban Honolulu as well as hundreds of Downtown businesses. GREG MOORE (S) MARK D. BRATTON (R), CCIM COLLIERS INTERNATIONAL Retail Services Division Investment Services Division 220 S. King Street, Suite 1800 808 372 7045 808 523 9708 Honolulu, HI 96913 [email protected] [email protected] www.colliers.com/hawaii FEATURES & BENEFITS > 14 highly desirable parking stalls > Upside potential by leasing parking stalls with current market rates ranging from $300-$400 > Prime location > Rare full floor commercial condominium in CBD > Panoramic Honolulu Harbor to Diamond Head views from the 31st floor commercial penthouse > Natural lighting IMPROVEMENTS > 10 hard walled offices > 2 conference rooms > Interior men and women’s restrooms > Server/data room > Efficient lighting with auto sensors > 3 elevators servicing floors 21 to 32 > Modern lobby/reception COMMERCIAL CONDO > Unique commercial condo has spectacular views from the 31st floor of Honolulu Harbor, Diamond Head, Honolulu and Central Business District > No commute time to Honolulu’s CBD > Within walking distance of the historic Hawaii Theatre, Downtown Honolulu nightlife, Aloha Tower, restaurants, and grocery stores Copyright © 2015 Colliers International This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information in- cluding, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All rights reserved. COMMERCIAL PENTHOUSE > FLOOR PLAN ALAKEA CORPORATE TOWER • 1100 ALAKEA, 31ST FLOOR • HONOLULU, HI GREG MOORE (S) MARK D. BRATTON (R), CCIM COLLIERS INTERNATIONAL Retail Services Division Investment Services Division 220 S. King Street, Suite 1800 808 372 7045 808 523 9708 Honolulu, HI 96913 [email protected] [email protected] www.colliers.com/hawaii Downtown Honolulu / Chinatown Map P S. VINEYARD BOULEVARD P Nuuanu Zippy’s POB I Medical Safeway Center P Pali Central Queen’s P Center Middle Medical School Center Longs Pali Hwy. S. Kukui Street Queen Liliokalani Bldg. Kukui Tower Saint Kukui Capitol Andrews Mauna Place Priory Honolulu Kea Plaza P Lauhala Street P Medical Chinatown Tower Group DOWNTOWN HONOLULUP State Dept. Honolulu Washington Of Health Cultural Honolulu Place Mabel Smyth River Mall Park Bldg. Center Tower Place Fire Station Century State Office S. BERETANIA STREET S. BERETANIA STREET Capital Square Tower P National Verizon Center Underground Mortgage Post Cathedral Gallery Kalanimoku Office & Finance Building P P STATE Bldg. Blaisdell Finance Nuuanu Gallery Marks Factors CAPITOL Garage Pauahi Street Bethel 1100 Arts at Pauahi Bldg. Marks Garage Alakea No. 1 Capitol District Whitlow 1132 Underground P McCandless Kauikeaouli Hale Maunakea Maunakea Street Got Art? Bethel Street Gallery Building Bishop Ramsey Museum Hawaii Fighting Eel Market Hasr Wine Co City Hall Theatre Exhibit Remington Little Village Annex Place Smith Street Space Mendonca Lucky Belly College C&C Building Marine Fort Street Mall Alii Honolulu Hale Manifest Louis Pohl Bethel Street Finance Marukame McDonald’s Union Hotel Street Gallery State The Dragon Upstairs Bldg. Place Library Pauahi Richards Street Police Station Bar 35 Chinatown Tower P P Livestock Empire Executive Bishop Street P Iolani Tavern Gateway Bldg. Center Plaza Longs Bishop Hawaii Central Palace Heritage Pacific P YWCA Center Square Oahu Nuuanu Street S. KING STREETBank Int’l Ross Market Kekaulike Market Tea at 1024 Savings Cades Central Place Liberty Walmart Schutte ASB Kamamalu Bank Fleming Pacific Bldg. & Wright Tower Street Alakea Plaza Satellite City Hall (Underground) P 928 Nuuanu 33 S. King Grand P Pacific Kekaulike Street O’Toole’s Financial Hawn P Life First P Marin Plaza Elec. Murphy’s Watkins Hawaiian Kekuanaoa Bldg Tower Plaza American Pioneer Aliiolani (Terr. Bldg.) Savings Bancorp Center Federal Bldg. Post Hale Bank Tower (State) Tax Merchant Street Office (Jud. Bldg.) Office City Kapuaiwa Bldg First Bank of Financial Tower (Family Court) Queens Mission Federal Honolulu Customs & Court P Building Queens City Davies Pacific Court House Center Punchbowl Street C. Brewer Stangenwald Plaza Harbor J. Campbell Alexander & Baldwin Center State and Federal Buildings Court Queen Street Melim Kendall Office Buildings Hale Auhau Building (HGEA) Topa (Office of Attorney Gen.) Hale Pono Pacific Harbor (Dept. of Retail Financial Guardian Square Transportation) Center Dillingham Center Parking Transportation The Block Keeikolani Building (State Unemployment Office ALA MOANA BLVD. & Dept. of Taxation) Mililani Street P P HONOLULU CBD OFFICE MARKET OVERVIEW The property is located in the CBD with convenient access to Nimitz Highway/Ala Moana Boulevard, King Street, Beretania Street, and the H-1 Freeway, all major thoroughfares through urban Honolulu. Downtown Honolulu is not only the main financial district for the Island of Oahu, but for the State of Hawaii as well. In recent years, investor interest in the area has increased due to strong economic factors and primary industry growth. The CBD consists of 7.1 million square feet of Class A, B & C office space, constituting more than 50% of the total Honolulu office space inventory. After a few years of strong growth, the Oahu office market has softened as vacancy rates have climbed to 13.16% for the CBD as of third quarter 2015 and average monthly asking base rents at $1.51 per square foot. Down- town office market has a 14.07% vacancy rate. GREG MOORE (S) MARK D. BRATTON (R), CCIM COLLIERS INTERNATIONAL Retail Services Division Investment Services Division 220 S. King Street, Suite 1800 808 372 7045 808 523 9708 Honolulu, HI 96913 [email protected] [email protected] www.colliers.com/hawaii CONFIDENTIALITY AGREEMENT THIS CONFIDENTIALITY AGREEMENT (this "Agreement") is made as of the _____ day of _______________, 2015, by ___________________________________________________________________________ ("Recipient"), whose principal place of business and post office address is at ______________________________________________________________, in favor of Cutter Management Co., whose principal place of business and post office address is at 1100 Alakea Street, PH-2, Honolulu, HI 96813, the owner of the Asset (defined below) (“Owner”), with respect to the fee simple interest in the property commonly known as 1100 Alakea Street, PH-2, containing approximately 4,583 square feet of net floor area, together with an undivided interest in the common areas and fourteen (14) parking spaces, located in the City & County of Honolulu & State of Hawaii, TMK Number(s) (1) 2-1-10: 5, CPR No. 0052 (“Asset”). 1. Background. Owner and/or Owner’s broker, Colliers International (“Colliers”) may be providing and/or making available to Recipient information and/or documents relating to the Asset. The information may be presented to Recipient in various forms including, but not limited to, photocopies of documents, digital information on CD-ROM, digital information sent via electronic mail, and/or digital information accessible via the Internet (collectively “Information”). 2. Confidentiality. Recipient, including, but not limited to its directors, officers, employees, managers, members and/or shareholders, agrees that it will keep all Information, including any information derived from the Information, regardless of whether the Information is marked or specifically identified as “confidential” or “proprietary”, confidential, except as to Recipient’s professional consultants (disclosed to Owner in advance) who will be evaluating the feasibility of Recipient acquiring the Asset. Recipient further agrees, prior to disclosing the Information to any consultants, that it will inform such consultant that they are required to observe and maintain the confidentiality of the Information and the provisions of this Agreement. 3. Limitation on Use of Information. All Information furnished to Recipient by Owner will be