Location
Honolulu, HI
Type
Office
Service
Acquisition/Disposition
Size
110,000 SF
Highlights
- Off-market investment
- Repositioned building from C- to a B+
- Acquired for $7.5M, refurbished, stabilized, and sold for $21.5M ($14M upside)
Airport Center
McKinney located and purchased this office building from a bank in Honolulu, Hawaii. We acquired it for $7.5M (less than its prior loan amount) refurbished it, and stabilized its income stream for a successful sale of $21.5M.