HENRY STREET LANDING
75-934 Henry Street
In the heart of Kailua-Kona on Hawaii’’’’Hawaii’s s Big Island, this new building will be located
directly off Henry Street, nestled between national destination tenants. Choose the size
of your space as the demising walls are not set yet. There will be a shared grease
interceptor installed by the Landlord. this newly constructed building allows tenants a
great location in a proven area of Kailua-Kona.
Available Space: B1 - 3,000 SF, B2 - 2,000 SF, B3 - 1,326 SF
• Located in the heart of
Kailua-Kona
• Easy access to Kuakini Highway
and Queen Kaahumanu Highway
Debbie Parmley (B) CCIM
Vice President | Hawaii
License No. RB-21953
Leasing Services – Island of Hawaii
• Great visibility from Henry Street
• Generous tenant improvement
package available
Direct +1 808 987 7722
Main +1 808 524 2666
debbie.parmley@colliers.com
220 South King Street • Suite 1800, Honolulu, Hawaii 96813
For details on all listings visit, www.DebbieParmley.com
is the leading full-service Commercial Real Estate fi rm on
the Big Island. TCG is looking for potential qualifi ed tenants
as well as commercial property owners who need leasing
services for their property or a Leasing Agent and Property
Manager. They also offer consulting services for commercial
real estate issues.
Monique Peacock, (PB)
• Consulting
• Sales/Leasing Services
• Property Management
Lighthouse BuiLDiNg
Landmark Property
Great Visibillity. Center of Downtown Kona
400 sq. ft. Office Space
PO Box 908, Kailua-Kona, HI 96745 • Offi ce (808) 329-1111
www.TCGKona.com •e-mail:mp@TCGKona.com
West Hawaii Real Estate | July 20, 2018 15
Foreign investment in U.S. commercial real estate remains strong; China and Mexico top investors
position
them for
says. “That’s
in the city,
that into
want to be
location for
themselves in
major job
commute
costs.
makes
Cathy
Stanberry &
Texas.
much
you can afford
Coneway says.
better off buying
town so
property
expenses.”
starter house
quest to
competitive,”
offer is to
that includes
appraisal
Dacey, a
Metropolitan Financial
Minneapolis.
might
and say,
submitted an
only are
they’ve gone
approval
Dacey says.
stronger.”
sellers: Offer
can afford
minimum,
payment
move
Nearly 1/5 of Realtors practicing
in commercial real estate
closed a sale with an international
client in 2017, and 35
percent said they have experienced an
increase in the number of international
clients in the past five years, according
to a report from the National Association
of Realtors.
NAR’s 2018 Commercial Real Estate
International Business Trends report
analyzed cross-border commercial real
estate transactions made by Realtors
during 2017. The study found that most
Realtors® who specialize in commercial
real estate reside in smaller commercial
markets where the typical deal is less
than $2.5 million.
“The profile of smaller commercial
markets is continuing to rise as many
foreign investors are attracted to smallersized
properties in secondary and tertiary
markets, bringing Realtors confidence
that increased sales and leasing activity
will continue to occur in 2018,” said
Lawrence Yun, NAR chief economist.
Since 2016, world economies have
regained their footing and have pressed
toward higher ground. Global economic
output increased in 2017, and commercial
real estate continues to be a healthy investment
for global investors,” Yun added.
Of the 59 percent of Realtors who
indicated they completed a commercial
real estate transaction last year (69
percent in 2016), 18 percent reported
closing a deal for an international client
(20 percent in 2016). Among survey respondents
who closed an international
transaction, 46 percent closed a buyerside
transaction, 13 percent a seller-side
transaction and the remainder closed
both types of transactions.
Over 60 percent of buyer-side sales
were transactions with foreign buyers
who primarily reside abroad. Most
seller-side transactions (57 percent)
were of properties sold by clients who
were temporarily residing in the U.S. on
non-immigrant visas.
Nineteen percent of Realtors said
they completed a lease agreement on
behalf of a foreign client, down from
22 percent in 2016. The median gross
lease value for international lease transactions
was $200,000 ($105,000 in 2016)
with most space typically under 2,500
square feet.
The top countries of origin for buyers
were China (20 percent), Mexico
(11 percent), Canada (8 percent) and
the United Kingdom (6 percent). While
sellers were typically from Mexico (20
percent), China (15 percent), and Brazil
and Israel (both at 10 percent).
Florida and Texas were the top two
states where foreigners purchased and
sold commercial property last year, with
California being the third most popular
buyer and seller destination.
International commercial buyer and
seller transactions typically tend to be at
the higher end of the market. Last year,
the median international buyer-side
transaction was $975,000 and a median
seller-side transaction was $1 million,
while the median commercial transaction
was $625,000.
“Realtors’ international clients found
U.S. commercial real estate markets to
be a good value in 2017. About seven in
10 respondents reported that international
clients view U.S. prices to be about
the same or less expensive than prices in
their home country,” Yun stated.
The survey also found that foreign
buyers of commercial property typically
bring more cash to the table than
those purchasing residential real estate.
Seventy percent of international transactions
were closed with cash, while
NAR’s 2017 residential survey found
that half of buyers paid in cash.
For those not using all cash, 25 percent
of commercial deals involved debt
financing from U.S. sources. A majority of
buyers purchased commercial space for
rental property (39 percent) or for business
investment purposes (34 percent).
NAR’s commercial community includes
commercial members, real estate
boards, committees, advisory boards
and forums; and NAR commercial affiliate
organizations – CCIM Institute, Institute
of Real Estate Management, Realtors
® Land Institute, Society of Industrial
and Office Realtors®, and Counselors of
Real Estate.
Approximately 80,000 NAR members
specialize in commercial real estate
brokerage and related services including
property management, land counseling
and appraisal. In addition, more
than 200,000 members are involved in
commercial transactions as a secondary
business.
to), keep
them more
/www.TCGKona.com
/www.DebbieParmley.com
link
link
