Airport Center

Location

Honolulu, HI

ZZ
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.