Imperial Plaza

Colliers presents a rare fee simple sale-leaseback opportunity at Imperial Plaza in the heart of Kaka’ako, combining a 256 SF office condo with 22 dedicated parking stalls in one of Honolulu’s tightest urban core submarkets. At closing, the seller leases back the parking stalls under a contracted agreement running through 2032 (plus two 5-year renewal options), delivering approximately $66,000 in annual parking income from day one and eliminating lease-up risk entirely. Combined with market office rent, the asset generates over $60,000 in Year 1 NOI against a $1,300,000 asking price, a stabilized, income-producing return secured by fee simple ownership, a structure rarely available for a Kaka’ako asset at this basis. Beyond the in-place cash flow, the office component offers investors optionality: occupy it for a small business operation or lease it out for additional upside.

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