Kihapai Condomimum Project: 42 Units in Kailua Oahu
Location & Market:
Kihapai Place is well located on Oahu in the Kailua submarket which exhibits strong multifamily supply/ demand characteristics.
Kihapai Place is well-located, in an infill location, in Kailua, a highly sought after community within walking distance to Whole Foods, retail, schools, parks, etc.
• Kailua drives some of the best rental pricing on the island of Oahu
• DR Horton built a similar spec-level product, Ka Malanai, less than 1 mile from Kihapai Place, the first institutional multifamily development in over a decade.
Product consists of legacy developments constructed in the 1970s and 1980s, formatted as single family residences, duplexes, and one-off condo projects lacking design and finishes - Due to supply constraints, these units still command attractive rents