Executive Centre is a mixed use condominium building in Downtown Honolulu. It has nearly forever been known as a Leasehold Building, with the land lease owned by Kamehameha Schools. Well, that is no longer the case!
Executive Centre units now available for Fee Simple through the AOAO
Late last year, the AOAO announced to the homeowners that they have quietly negotiated the purchase of the Fee interest from Kamehameha Schools for $74,981,138.71. They are now passing that opportunity along to the owners to purchase their interests individually. Here's a breakdown of the prices as of November, 2014:
Going Forward
While nobody can predict the future, my guess is these units will significantly increase (over time). If history repeats itself, the combined values of the Leasehold + the Fee Simple Interest with be worth even more than the sum of its parts in the years to come. To learn more about purchasing or selling a unit at Executive Centre, feel free to contact us for more info.