The honeycomb sandwich structures are extensively utilized in the satellite load bearing structure due to their superior mechanical properties. Investigating such structures and establishing their failure map implies the estimation of their equivalent elastic parameters as well as the experimental measurements of their ultimate strengths. Through a comprehensive study, this article discusses thoroughly the mechanical behavior of an aluminum honeycomb structure exposed to flat-wise compressive and flexural testing. Furthermore, an equivalent finite element model, based upon the sandwich theory, is proposed for simulating the elastic behavior of the flexural testing and comparing computational and experimental results. The comparison of results confirms accurately the usage of the sandwich theory and its related shell-volume-shell approach in the efficient modeling of honeycomb sandwich structures. In addition, the aforementioned honeycomb structure is parameterized from the geometry and material perspective. The outcome of such study reveals that the honeycomb core thickness has the greatest influence on the maximum displacement value. In addition, aluminum alloys are optimum choice for facing sheets material of the honeycomb structure.