Tag: Haina Mill

October 1, 2020 Farm Land for Sale, General Ag News and Notes Post a Comment

Fine & Company, LLC to Auction Haina Mill Estate – Outside of Honoka’a

Hawaii Business

On Thursday, November 5th, Fine & Company, LLC, an international real estate auction firm in cooperation with Hana Bay Realty of Hawaiʻi, will auction 48 acres of industrial and agricultural land, buildings, and single-family home next to Honokaʻa, Hawaiʻi.

The Historic Haina Sugar Mill was located on this site and operated from 1868 until the final harvest in 1994, after which the sugar mill closed permanently.

The real estate will sell, subject to a shocking minimum bid of $370,000 for the entirety. Bidders may also bid on five individual tracts or any combination with minimum bids as low as $5,000 for a two-acre tract. Sealed bids are due on or before 2:00 p.m. on November 5.

Michael A. Fine, president of Fine & Company, said: “This is a rare opportunity to acquire land on the Island of Hawaiʻi with difficult to find industrial zoning as well as some with agricultural zoning. Commercial real estate auctions are rare in Hawaiʻi, and even more rare is one with published reserves or minimum bids. Fine & Company publishes minimum bids so that buyers know the seller stands committed to selling, and now it’s up to the bidders to determine market value.”

The property is available for inspection on February 29th at 10:00 a.m. on October 10, 17, 24 & 31 by appointment confirmed at least 24 hours in advance. The purchase of a detailed Bidder’s Information Packet is required to bid. To schedule an inspection or order the packet, call (312) 278-0600 ext. 101.

December 15, 2010 Farm Land for Sale, General Ag News and Notes Post a Comment

Haina sawmill project is pau

A judge has ruled in favor of a lender in a foreclosure suit on a former Pacific Northwest logger who attempted to turn the former Haina sugar mill in Honokaa into a sawmill.

Hilo Circuit Judge Glenn Hara entered judgment Dec. 8 against Haina Properties LLC and Robert J. Marr, known as “Barefoot Bob.” The ruling clears the way for a liquidation sale of the mill property.

Haina Mill Mortgage Lender LLC, a Delaware limited liability -company, filed the foreclosure suit in June 2009, claiming that Haina Properties and Marr — manager of Haina Properties and owner of the 49-acre mill property — defaulted on a $4.785 million loan taken out Sept. 27, 2007, plus an additional $379,000 borrowed May 2, 2008.

All told, Marr owes almost $6.2 million to Haina Mill Mortgage Lender, counting principal, interest, fees, taxes and expenses.

Also named as defendants in the suit were Kamehameha Schools and Hamakua Land Partnership LLP as owner and lessee, respectively, of Standard Oil Road, the access road to the mill. In addition, the county was named for property tax purposes.

Marr bought the 49-acre mill property for $3.3 million in October 2007. He told area residents that the mill — which closed as a sugar mill in 1994 — would provide 110 jobs paying $12 to $25 an hour, and would run in an environmentally-responsible manner.

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