For Auction
Asset Snapshot
Offering Summary
• 21 Total Units: Four (4) Commercial, Six (6) Office, 11 Residential
• Rare Fee Simple Tenure
• Value-Add Potential–Residential Units on Month-to-Month
• 97% Leased with Immediate Cash Flow
• Annie’s Island Fresh Burgers Won the Travel Channel’s Best Burger in Hawaii for 2019
• Superior Location
Offering Details:
Newmark Knight Frank and RealINSIGHT Marketplace are proud to offer The Hub of Kona Coffee Country, Mango Court.
This rare Fee Simple property is located on Mamalahoa Highway, just outside of Kailua-Kona and within the Hawaii Coffee Belt area. The ±17,000 SF property consists of four (4) retail units, six (6) office units leased to a diverse tenant mix including Annie’s, a popular restaurant featured on Travel channel as Hawaii’s best burgers in 2019.
In addition, there are 11 high-demand residential apartments, most currently on month-to-month leases, representing a significant opportunity to raise rents and increase NOI. The property is 97.5% leased with strong in-place cash flow.
Mango Court is extremely well-located, as residents and visitors drive past the property several times on their way to tourist attractions on the West side of the island, including Kealakekua Bay, the Captain Cook monument, the City of Refuge or “Ka Lae”, the southernmost point in the United States. The Property is just 17 miles from the Kona International Airport, 10 miles from King Kamehameha Marriott Hotel, and 0.5 from the Aloha Theater.
With questions about this investment opportunity, please contact Scott Eden for more information regarding the property or the auction process.
Due Diligence
Transaction Manager
Cooperating Broker Fee
Eligible brokers may receive a 1% fee when representing the winning bidder.
Learn more in the FAQsPlatform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Investment Sales Broker
Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
