TERRITORIAL CENTRE FOR SALE OFFICE Kuakini Highway Kailua Kona, HI 96740

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1 FOR SALE OFFICE TERRITORIAL CENTRE Kuakini Highway Kailua Kona, HI PROPERTY HIGHLIGHTS Fantastic location with great traffic flows Landmark Building in the heart of Kailua-Kona Cross streets are Kuakini Highway and Hualalai Road High Visibility Highly Trafficked - 20,000+ Vehicles/Day Stable local tenants PRESENTED BY: Gregory G. Ogin, CCIM, CPM Managing Director gogin@svn.com HI #RB All SVN Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

2 DISCLAIMER TERRITORIAL CENTER 15,888 SF KAILUA KONA, HI The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. The information The information listed listed above above has has been been obtained obtained from from sources sources we we believe believe to be to reliable, be reliable, however, however, we accept we accept no responsibility no responsibility for its correctness. for its correctness.

3 EXECUTIVE SUMMARY Executive Summary PROPERTY OVERVIEW An attractive prime office building, well located at the intersection of Kuakini Highway and Hualalai Road in the center of Kailua-Kona, Hawaii. The subject property offers healthy cash flows and stable tenants with significant upside potential due to the below market leases currently in place. In easy walking distance to the retail, visitor and business centers of Kailua-Kona, the State public library, the Kailua Village Open Market, various popular restaurants, and the Pacific Ocean. Conveniently located in the center of Kailua-Kona town. Kuakini Highway frontage and ease of access. In walking distance to the visitor, business and retail centers of Kailua-Kona, popular restaurants, and community attractions. Highly Trafficked - 20,000+ Vehicles/Day. High visibility and street presence. PROPERTY SUMMARY SALE PRICE: $4,500,000 LOT SIZE: 0.76 Acres BUILDING SIZE: 15,888 SF BUILDING CLASS: B YEAR BUILT: 1984 PROPERTY HIGHLIGHTS Fantastic location with great traffic flows Landmark Building in the center of Kailua-Kona Cross streets are Kuakini Highway and Hualalai Road High Visibility Highly Trafficked - 20,000+ Vehicles/Day Stable local tenants RENOVATED: 2010 ZONING: MARKET: SUB MARKET: CROSS STREETS: CV-7.5 North Kona Kailua-Kona Kuakini Highway And Hualalai Street 3

4 PROPERTY OVERVIEW Property Overview Physical Description Property Name: Territorial Centre Type of Ownership: Fee Simple Property Type: Office APN: AC Rentable SF: 15,888 Building Class: B Zoning: CV-7.5 Parking Spaces: Covered and Open Parking Parking Ratio: Building Frontage: Kuakini Highway Cross Streets: Kuakini Highway and Hualalai Street Construction 1984 Construction Type: Wood Frame Number of Stories: 2 Average Floor Size: 7,795 Foundation: Concrete Slab Parking Surface: Asphalt Number of Units: 24 Roof: Flat Interior Finish Walls: Ceilings: Floor Coverings: Restrooms: Drywall over metal stud Dropped acoustic tile Tile, carpet (per suite) ADA-compliant (per suite) 4

5 LOCATION MAPS Located On The Big Island Of Hawaii 5

6 RETAILER MAP In The Heart Of Kailua-Kona 6

7 RETAILER MAP At The Intersection Of Kuakini & Hualalai 7

8 SECTION 4 ADDITIONAL INFORMATION Centrally Located, High Visibility 8

9 FOR SALE OFFICE TERRITORIAL CENTRE Kuakini Highway Kailua Kona, HI SALES COMPARABLES The information The information listed listed above above has has been been obtained obtained from from sources sources we we believe believe to be to reliable, be reliable, however, however, we accept we accept no responsibility no responsibility for its correctness. for its correctness.

10 SECTION 1 SALES COMPARABLES Sale Comps SUBJECT PROPERTY Kuakini Highway Kailua Kona, HI $4,500, HENRY STREET BUILDING - SOLD Henry Street Kailua-Kona, HI $3,100, AC 1.49 AC ,888 SF 30,505 SF $ $ Closed: 03/09/2018 Occupancy: 50.0% Office/Retail Building located on the highest trafficked intersection in Kailua-Kona. Retail Storefront unit formerly occupied by Border's Books. Located adjacent to WalMart, Lowes and Safeway. Leasehold. Property remained on the market for 732 days. 2 ATRIUM COURT - FOR SALE 3 BALI KAI BUSINESS CENTER - SOLD Kalani Street Kailua-Kona, HI Alii Drive Kailua-Kona, HI $1,550,000 $400, AC 0.18 AC ,456 SF 2,352 SF $ $ CAP: 7.1% Closed: 02/15/2014 Occupancy: 77.0% Conveniently located in the center of town adjacent to highly trafficked Kuakini Highway. In walking distance to the business/visitor/retail centers of Kailua-Kona. As of 04/06/18, on the market for 1,649 days. Fee Simple. Smaller 2-story Office/Retail Building, conveniently located off of Alii Drive across from the ocean. Great street recognition, on heavily trafficked roadway. Sold within 46 days of going on the market. 10

11 SECTION 1 SALES COMPARABLES Sale Comps 4 CROSSROADS PROFESSIONAL CENTER - SOLD 5 HRA SUNSET DRIVE - SOLD Henry Street Kailua-Kona, HI $4,545, Sunset Drive Kailua-Kona, HI $1,150, AC 0.37 AC 17,744 SF 1990 $ ,481 SF CAP: 6% $ Closed: 08/25/0016 Closed: 10/22/2013 Occupancy: 98.0% Class A Office Building located in the heart of Kailua-Kona with easy street access. Centrally located on a main corridor with proximity to businesses/shopping/residences. This Property remained on the market for 119 days. Office Medical Building, conveniently located in Kailua-Kona, off of Queen Kaahumanu Highway. Well-maintained, plenty of onsite parking. Well-known building. 330 days on the market. 6 KONA PROFESSIONAL BUILDING - SOLD 7 LENDER'S DOCUMENT BUILDING - SOLD Hualalai Road Kailua-Kona, HI Nalani Street Kailua-Kona, HI CAP: Closed: Occupancy: $2,300, AC ,752 SF $ % 06/03/ % Full Occupancy. $ per Square foot. Conveniently located in walking distance to retail/visitors/ business centers. Newer construction, well-maintained with amenities. This property remained on the market for 193 days. CAP: Closed: $2,200, AC ,822 SF $ % 02/05/2014 Conveniently located, well-maintained Office/Retail Building minutes away from Kailua-Kona's retail/ visitor/business centers, with plenty of on-site parking. Ocean views, with ease of access off of Queen Kaahumanu Highway. Property sold in 112 days of going on the market. 11

12 SECTION 1 SALES COMPARABLES Sale Comps 8 LUNAPULE PLAZA - FOR SALE 9 SELWYN PLAZA - SOLD Lunapule Road Kailua-Kona, HI $3,499, Mamalahoa Highway Kealakekua, HI $970, AC ,000 SF 15,600 SF $ $ CAP: 6.5% Occupancy: 100.0% Closed: 11/13/2015 Well-designed office building with ample parking. In very close proximity and walking distance to the retail/visitor/ business centers of Kailua-Kona. Huge price reduction! 2 story building, approved 24 condo units, building is in great shape, landscaped throughout, great tenants, High street recognition. As of 04/06/18, property has been on the market for 4,013 days. Office Building, well-located off of Mamalahoa Highway. Good visibility, landmark building. 13 surface parking spaces, wood frame construction. Multi-tenancy. 156 days on the market. 12

13 SECTION 1 SALES COMPARABLES Sale Comps Map SUBJECT PROPERTY Kuakini Highway Kailua Kona, HI HENRY STREET BUILDING - SOLD ATRIUM COURT - FOR SALE Henry Street Kailua-Kona, HI Kalani Street Kailua-Kona, HI BALI KAI BUSINESS CENTER - SOLD Alii Drive Kailua-Kona, HI CROSSROADS PROFESSIONAL CENTER - SOLD HRA SUNSET DRIVE - SOLD KONA PROFESSIONAL BUILDING - SOLD Henry Street Kailua-Kona, HI Sunset Drive Kailua-Kona, HI Hualalai Road Kailua-Kona, HI LENDER'S DOCUMENT BUILDING - SOLD LUNAPULE PLAZA - FOR SALE SELWYN PLAZA - SOLD Nalani Street Kailua-Kona, HI Lunapule Road Kailua-Kona, HI Mamalahoa Highway Kealakekua, HI

14 FOR SALE OFFICE TERRITORIAL CENTER Kuakini Highway Kailua Kona, HI ABOUT SVN The information The information listed listed above above has has been been obtained obtained from from sources sources we we believe believe to be to reliable, be reliable, however, however, we accept we accept no responsibility no responsibility for its correctness. for its correctness.

15 SECTION 2 ABOUT SVN TERRITORIAL CENTER 15,888 SF KAILUA KONA, HI Core Covenants A company s core values provide clarity on what is truly important for organizational success, personal and professional conduct and what to expect from each other. At SVN our Core Covenants personify our values and culture and differentiate us from the competition. As members of the SVN Shared Value Network, we each commit to do the following: CREATE AMAZING VALUE WITH MY CLIENTS, COLLEAGUES AND COMMUNITY. COOPERATE PROACTIVELY AND PLACE MY CLIENTS BEST INTERESTS ABOVE MY OWN. INCLUDE, RESPECT AND SUPPORT ALL MEMBERS OF COMMERCIAL REAL ESTATE INDUSTRY HONOR MY COMMITMENTS. PERSONIFY AND UPHOLD THE SVN BRAND. RESOLVE CONFLICTS QUICKLY, POSITIVELY AND EFFECTIVELY. TAKE PERSONAL RESPONSIBILITY FOR ACHIEVING MY OWN POTENTIAL. EXCEL IN MY MARKET AREA AND SPECIALTY. FOCUS ON THE POSITIVE AND THE POSSIBLE. NURTURE MY CAREER WHILE VALUING THE IMPORTANCE OF FAMILY, HEALTH AND COMMUNITY. 15

16 SECTION 2 ABOUT SVN Advisor Bio & Contact 1 Gregory G. Ogin, CCIM, CPM Managing Director SVN Clark Commercial Group EXPERIENCE PRESIDENT CLARK COMMERCIAL GROUP PRESENT Brought the division from three buildings in Kailua-Kona to over 700,000 square feet on the island of Hawaii. OWNER KONA KOHALA COMMERCIAL Small independent commercial real estate firm. Started as a division of Gerry Rott and Associates. Memberships & Affiliations CCIM, CPM HI #RB Phone: Fax: Cell: gogin@svn.com Address: Kuakini Highway Suite 214 Kailua Kona, HI DEPUTY MANAGING DIRECTOR COUNTY OF HAWAII Appointed by the mayor to be in charge of County operations in West Hawaii. GROUP MANAGER LIBERTY HOUSE OF HAWAII ISLAND OF HAWAII Supervised and managed five resort stores plus one 10,000 square foot resort department store. EDUCATION UNIVERSITY OF HAWAII, ISLAND OF OAHU, HI NORTH HENNEPIN COMMUNITY COLLEGE, BROOKLYN PARK, MN LEADERSHIP Chair, Kona Community Development Plan Chair, Hokulia Parks and Cultural Services Association Board Member, Lai Opua 2020 Past President, Kauai Road Runners March of Dimes Director, Island of Kauai, HI Jaycees, Island of Kauai, HI President, Amfac Community Council President, Rotary Club, Kailua-Kona, HI President, Kona Kohala Chamber of Commerce Chair, Kailua Village Improvement Board Member and past Chair, Kona Family YMCA 16

17 PRESENTED BY: GREGORY G. OGIN, CCIM, CPM Managing Director HI #RB All SVN Offices Independently Owned & Operated 2014 All Right Reserved