California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Orange County  + Retail  | 
SRS NNLG Brokers $5.5M Sale of Hawaii Retail Property

SRS NNLG Brokers $5.5M Sale of Hawaii Retail Property

The SRS Real Estate Partners National Net Lease Group (NNLG) offices in Newport Beach, CA and Honolulu, HI have represented the seller in the $5.5 million sale of a single-tenant retail property occupied by Cost-U-Less in Hilo, HI. The buyer of the 23,000-square-foot warehouse-style chain store was a Hawaii-based private investor.

“This asset presents an ideal, low-management investment for the new ownership,” said SRS NNLG’s Nicholas J. Paulic in Honolulu, HI who brokered the deal along with AJ Cordero in Hawaii and Matthew Mousavi and Patrick Luther in Newport Beach. Paulic added, “This successful discount retail tenant recently extended its lease another five years, demonstrating confidence in the local market.”

The Hilo Cost-U-Less is located in a busy corridor with other national retailers including Home Depot, T.J. Maxx, Starbucks, Old Navy and Ross Dress for Less.


Inside The Story

SRS NNLGNicholas J. Paulic

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition