Purchasing 3,400 acres of agricultural land on the North Shore of Oahu from Dole Food Company (the “Property”) for $37M cash. The Property currently has no legal access and is landlocked, which is why the property has not sold (you are not able to pull a permit without having legal access from a public road). Dole currently accesses the property via the southern-end through a military housing community and the State of Hawaii’s Department of Land and Natural Resources (DLNR). We plan on obtaining the easement agreement which will unlock the site’s value.3,400 Acres Details:
$25M Loan Breakdown:
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