the creation of Across the Pacific, LLC. ( the Company), Mr.
Kenji Masuda has created a vehicle for Japanese lenders and
investors to deal with real estate assets in Hawaii and the
United States through a network alliance of brokers, consultants,
Selling Japanese owned property in the
U.S. can be difficult given the differences in culture, law
and language but with the Company, you can now take advantage
of an experienced team of consultants, attorneys and brokers
who have not only provided this service in the past but were
successful in achieving very high prices for the sellers in
a difficult market.
In the past, the principal of the Company, Mr. Masuda, working
together with a team consisting of brokers from CB Richard
Ellis (Hawaii Office), attorneys, escrow and other consultants
were successful in marketing two Honolulu properties. Let
me inform you what happened in the past.
The process began by identifying a potential property for
sale. Once these properties were identified, the property
information was relayed to the brokers who prepared a "Broker's
Opinion of Value" which provided the seller(s) the information
they needed to determine the viability of putting the property
on the market at that time. Once the decision to sell was
made, the property was aggressively marketed by the brokers.
Once the buyer(s) were identified, Mr. Masuda with its team
of advisors managed the transactions to successful closings.
It is important to note that the sale prices achieved for
these properties (as a percentage of the initial investment)
were significantly higher than other Japanese properties sold
in Hawaii at the same time.
The first of the two properties in question was a 2.01
acres development site located at 2888 Waialae Avenue (now
known as the Public Storage property.) This property was extremely
difficult to market because it was priced such that only a
dense multi-story building could justify the price but the
team of consultants brought together by Mr. Masuda discovered
that there was a sewage problem in the area. The team worked
very hard to determine what type of user could maximize the
density for this two-acre parcel yet not require additional
sewer capacity? The answer was Public Storage (a NY listing,
Mini-storage company.) who purchased the property and developed
a 6-story mini-storage facility. (below left)
The other transaction was 1958 Kalakaua Avenue, a small 18,861square
foot, mixed-use (apartment/commercial) property located just
outside the heart of Waikiki in an area of high automobile
and low pedestrian traffic. The challenge was to find an owner/user
who was a destination retailer and who could close the transaction
quickly (To meet the Seller's requirements). The brokers contacted
all the potential Buyers meeting this profile and Mr. Masuda
and the team were able to open escrow with Local Motion within
60 days of receiving the assignment and closed the transaction
successfully. (below right)
you have any questions or would like more information about
Mr. Kenji Masuda and his company, please do not hesitate to
contact me at (808) 541-5112.