Hawaii's Kaua'i Village Closes at $33 Million
Kaua'i Village is a premier grocery-anchored retail asset situated on approximately 8.13 acres of prime coastal property across from some of the most popular beaches on the island. At approximately 113,501 square feet, Kaua'i Village features a strong lineup of national and regional tenants including Safeway, Longs, Starbucks, Subway, Coldstone Creamery, Super Cuts, Jamba Juice and more. The property is located just minutes from Lihu'e Airport and possesses the only national grocery chain (Safeway) and one of two Longs store locations on the island of Kaua'i.
FINANCIAL HIGHLIGHTS
Sale Price: $33,000,000
Buyer: Pacific Coastal Partners, LLC
(Los Angeles, CA)
Seller: Passco Real Estate (Irvine, CA)
"Kaua'i Village represents a shopping center that drew serious interest from private and institutional investors. We had over 25 offers from both local and mainland buyers who bid aggressively for the opportunity to add this pride of ownership property into their portfolio." -Reza Etedali, CEO and Founder