First time EVER available at Ala Wai Mansion and possibly the only time selling! Here's your chance to purchase the lease-fee interest in a building! This is for the LAND ONLY underneath the building. As an owner of the lease-fee interest you receive monthly lease-rent payments, a step-up every 10 years (increasing 2021), and the actual condo unit at the end of the leasehold terms in 2051! Leasehold owner pays ownership costs: maintenance, real property tax, and homeowner's insurance. Showroom example (Unit #703) available by appointment ONLY, Sunday 2-5 PM, 8/9 & 8/16. Do NOT go on property otherwise. Prospectus sheet for additional information available by request.