JOEL K. LAPINTA CCIM Realtor a Hawaii Investment Real Estate Broker and Consultant

69 Railroad Avenue
	District of South Hilo	4.41 Acres Lease State (State)	SOLD
	The property includes two warehouse buildings containing approximately 40,000 sf of leasable area (38,840 sf warehouse and 1,160 mezzanine) and a mini-storage operation located on 4.4099 acres of land leased from the State of Hawaii ("ground lease"). The ground lease expires on 5 March 2016. Annual ground lease payments are $45,885 until March 5 2006; the final 10 years are subject to renegotiation. The property currently is subleased to nine tenants all on month-to-month status.
	Industrial Warehouse Mixed Use
Industrial Warehouse Mixed Use
	District of North Kona	2.742 Acres Fee Simple	SOLD
	Located one block mauka from Kailua Bay. The property is well located for rental apartments near the Kailua pier, retail centers and restaurant and other tourism jobs.
	Rental apartment buildings have been registered as a condominium.