Waikele Gulch Bunkers offered for sale as industrial condominiums

The Waikele Gulch Bunkers, a Central Oahu storage facility that includes 120 underground bunkers encompassing about 400,000 square feet, is on the market as for-sale industrial condominiums after units were being leased for a decade, the master lessor told PBN this week.

In addition to the continuing tightness of the industrial market, which had a 1.9 percent vacancy rate in the first quarter making Oahu one of the tightest markets in the United States, an unintended consequence of the Honolulu…