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Pali Ke Kua Commercial/Hotel condominium |
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Two unit condominium, smaller space (1,277 sq.ft) currently leased on a five year basis to a quality tenant. Larger space (3,087 sq.ft.) in the process of being put up for lease. Perfect opportunity for a partnership featuring a restaurant operator and an income buyer. "Owner-users should qualify for 80% SBA supported financing. Restaurant operator must have successful track record in the industry. A "rent/buy" analysis is available to anyone who is considering either leasing the upstairs space or purchasing the entire condominium unit.
Seller will also consider a long-term lease of the restaurant unit. Lessor willing to "discount" lease rent for the early months to assist tenant get "up and running.
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Monthly Payment: Square Footage: Earnings: |
assuming 20% down-payment, $3,355 excluding CAM, RPT and after income from rental unit 4,364 square feet, 3,087 for restaurant, balance for Castle Resorts net monthly income of $6,619 assuming $1.81 psf for restaurant space |
Location: Broker: |
Pali KeKua condo broker information |
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