Kapiolani Business Plaza

Kapiolani Business Plaza (KBP) is a fee-simple, 87,485 SF Class B office building located in the heart of Honolulu’s Ala Moana submarket. Built in 1979, this 12-story asset is well recognized in the market and features, a diverse mix of 60 tenants that provide stable cash flow and reduced revenue risk. With a historically high occupancy rate, there is an opportunity to further enhance revenue by leasing the remaining spaces which are close to move-in ready and available for build-out. The property benefits from a favorable parking ratio of 2.6 stalls per 1,000 SF, enhancing its appeal to tenants. With its prime location, stable occupancy, and multiple repositioning opportunities, KBP presents a compelling investment in a high-growth urban market, well-suited for both value-add and long-term hold strategies.Kapiolani Business Plaza is strategically positioned in a thriving commercial district experiencing significant residential and hospitality development. Over the past five years, approximately 2,000 new condominium units and the newly built Renaissance Honolulu Hotel & Spa have fueled demand for office and commercial space. This property offers multiple investment strategies, including: • Condominium conversion, selling office suites to owner-users at a premium. • Targeting medical tenants to increase rental rates and asset value • Potential conversion to residential, aligning with the growing demand for affordable housing near Ala Moana’s expanding residential corridor.