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KAILUA-KONA, HAWAIIA PRIME MIXED-USEREDEVELOPMENT OPPORTUNITY ALONGHAWAII’S COVETED KONA COAST8 ACRES FEE SIMPLE WITH 750 FEET OFDIRECT OCEAN FRONTAGEAerial Rendering of PropertyONCE IN A GENERATION OFFERING
THE OFFERINGJones Lang LaSalle Americas, Inc.(“JLL”), as exclusive advisor, is pleasedto present the opportunity to acquireKona Inn Shopping Village (“KISV” or the“Shopping Village”) and Kona Bay Hotel(“KBH” or the “Hotel”), collectively the“Property.”Kona Inn Shopping Village and KonaBay Hotel represents an extremely rareopportunity to acquire the fee simpleinterest of approximately eight acresdirectly on Kailua Bay. Holding anirreplaceable location in downtownKailua-Kona, the Property is currentlyimproved with a 86,153 square footshopping village and 139 key hotel withimmediate reposition and developmentpotential.Available for the first time, Kona InnShopping Village and Kona Bay Hotel isa once in a generation opportunity. TheProperty is a trophy asset which offers anew owner the opportunity to shape theidentity and future of Kailua-Kona.to750 Fee2KONA INN SHOPPING VILLAGE & KONA BAY HOTELf O ce a nFrontage
NITY8 ACRES FEESIMPLE ONKONA BAY750 FEET OFUNOBSTRUCTEDOCEAN FRONTAGEro n toFeet750fnFO ce aagePREMIERE RETAILAND HOSPITALITYREDEVELOPMENTPOTENTIALDIRECT PATH TOREPOSITION WITHLIMITED IN-PLACEENCUMBRANCESWORLD RENOWNTOURISTDESTINATIONEXTREMELY HIGHBARRIER TO ENTRYMARKETExecutive Summary3
4KONA INN SHOPPING VILLAGE & KONA BAY HOTEL
Aerial Rendering of PropertyExecutive Summary5
Site DescriptionKona Inn Shopping Village and Kona Bay Hotel compromises six parcels, five of which arebeing offered fee simple with the remaining parcel being offered as a leasehold interestfrom the State of Hawaii.The first parcel (APN: 75007021) is 4.08 acres and includes the Kona Inn Shopping Village,a 86,153-square-foot retail center with 750 linear feet of ocean frontage and 710 linearfeet of frontage along Ali’i Drive.The second series of parcels (APN: 75007003, 75007004, 75007069) are a combined3.08 acres which include the Kona Bay Hotel and parking lots. The Kona Bay Hotel is a89,588-square-foot hotel with 139 rooms and luxury accommodations including aswimming pool and village and ocean views. In addition to the 50 parking stalls locatedon the Kona Bay Hotel parcel, the fee simple parcel located directly behind the hotelcontains 95 parking stalls. The last parcel in the series is a leasehold interest from theState of Hawaii which contains 20 parking stalls.The third series of parcels (APN: 75008012, 75008022) are a combined 1.12 acres whichinclude a farmer’s market and parking lot. The two parcels are separated by a drainagestrip owned by the State of Hawaii, which includes an access easement for patrons tocross between the farmer’s market and parking lot.Property SummaryPROJECT INFORMATIONAddress75-5739 & 75-5744 Ali’i DriveKailua-Kona, Hawaii 96740Property TypeMixed-Use Retail & HotelRETAIL (PARCEL 1)NameKona Inn Shopping VillageRentable Area75,807 Square FeetAli’i Drive Frontage 710 Linear FeetOcean Frontage750 Linear FeetHOTEL (PARCELS 2, 3 & 4)NameKona Bay HotelKeys139Parking Stalls165Parcel BreakdownGROSS BUILDING AREASQUARE FEET% OF TOTALUNITS /PARKINGSTALLSOWNERSHIPACRESKona Inn Shopping VillageFee4.08117,59449.3%86,15349.0%91 Suites75007004Kona Bay HotelFee2.0689,58824.9%89,58851.0%139 Rooms /50 �95 �––20 ��100 Stalls675008022Farmer’s RIPTIONTotal6% OFTOTALLANDAREA SFKONA INN SHOPPING VILLAGE & KONA BAY HOTEL
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Property DescriptionNumber of BuildingsShopping Village: TwoHotel:TwoNumber of FloorsShopping Village: One to ThreeHotel:FourYear BuiltShopping Village: 1949Hotel:1963Gross Building Area (SF)Shopping Village 86,153Hotel89,588175,741 Total SFNet Rentable Area (SF)Shopping Village 75,807Hotel55,450131,257 Total SF8Foundation / SubstructureConcrete slabs-on-grade withperimeter and interior footingsunder load bearing structures.Cast-in-place concrete andconcrete masonry unit foundationwalls at a portion of the Hotel.SuperstructureConcrete load bearing walls andconventional wood-framing.FaçadePainted concrete and wood siding.Roof TypeFlat, built-up roofing and pitched,asphalt shingles.HVAC SystemPackaged units and split systemunits.Cooling of the hotel propertyis provided by two 15.5-toncondenser units installed in 2013.ElevatorsTwo traction passenger elevatorswith 2,000-pound capacityservice the Shopping Village andHotel.Water Supply PipingCopperElectrical Branch WiringCopperParking AreaAsphalt pavement at gradeFire SuppressionFire standpipeNumber of Shopping Village Suites91Parking Space Count265Fire AlarmCentral system with outside dialerHotel Guestroom 17Total139ADA-Designated Parking CountSix ADA-designated, of which oneis van-designated.KONA INN SHOPPING VILLAGE & KONA BAY HOTEL
Parcel Map3-7-5-007-0233-7-5KAILUA 009Parking3-7-5-007-0690.28 AcKona Bay Hotel3-7-5-007-0042.06 ACParking3-7-5-007-0030.74 ACKUAKINI HIGHWAYŌNEO BAYRIVEALI’I DKona InnShopping Village3-7-5-007-0214.08 AC3-7-3-7-5-007-0013-7-5-008-010HUALALAI 0.93 ACFarmer’s Market3-7-5-008-0220.19 ACExecutive Summary9
Aerial Rendering of PropertyPresented by Jones Lang LaSalle Americas, Inc.INVESTMENT SALES ADVISORYERIC KATHREINSenior Director 1 415 510 6961Eric.Kathrein@am.jll.comGEOFF TRANCHINAManaging Director 1 310 694 3180Geoff.Tranchina@am.jll.comWENDELL BROOKSExecutive Vice President 1 808 383 4915Wendell.Brooks@am.jll.comHawaii Lic. #RS-32651ANTHONY THOMAS MUSCIO (B)Executive Vice President 1 213 239 6363Tony.Muscio@am.jll.comHawaii Lic. #RB-19261DEBT ADVISORYPETER SMYSLOWSKISenior Managing Director 1 415 276 6950Peter.Smyslowski@am.jll.comDISCLAIMERJones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein hasbeen obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, expressor implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Anyopinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by apurchaser. JLL and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation andrely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreementregarding this matter, this information is subject to the terms of that agreement. 2021. Jones Lang LaSalle IP, Inc. All rights reserved.**The outbreak of the COVID-19 virus (novel coronavirus) since the end of January 2020 has resulted in market uncertainty and volatility. While the economic impact of a contagion disease generallyarises from the uncertainty and loss of consumer confidence, its impact on real estate values is unknown at this stage. Given the prevailing domestic and global uncertainty arising from the Coronavirus,we recommend that the intended recipients of this information regularly seek our guidance.
with 2,000-pound capacity service the Shopping Village and Hotel. Water Supply Piping Copper Electrical Branch Wiring Copper Fire Suppression Fire standpipe Fire Alarm Central system with outside dialer 8 KONA INN SHOPPING VILLAGE & KONA BAY HOTEL. Parcel Map Kona Inn Shopping Village 3-7-5-007-021 4.08 AC Kona Bay Hotel 3-7-5-007-004 2.06 AC .
