LAHAINA - Keawe Business Center LLC has purchased the 13 remaining units at Keawe Business Center Offices out of foreclosure and is offering individual units for sale.
Keawe Business Center is the only fee simple office condominium in West Maui.
The replacement cost for this quality building is in excess of $450 per square foot. Previous sales were above $600 per square foot, prior to sales being stopped due to the now completed foreclosure. Thus, buyers will very likely be investing at a price level well below the cost for any future West Maui office project.
At Keawe Business Center Offices, the developer’s foreclosure is your opportunity to buy an office at 35 percent below today’s replacement costs.
Keawe Business Center Offices, West Maui's only Class A office building, is located across from Lahaina Cannery Mall and near Lahaina Gateway Center and the first phase of the Lahaina Bypass, allowing easy access for customers.
Current tenants at Keawe Business Center include Old Republic Title & Escrow, Valley Isle Community Federal Credit Union and the Kaanapali Beach Resort Association.
Featuring a unique, island-style design with open-air lobbies and hallways and ocean and mountain views, the three-story building is serviced by a passenger elevator.
Fee simple medical and professional office suites range in size from approximately 800 to 1,400 square feet. There is flexibility to combine spaces to meet larger owner or users' needs.
Keawe Business Center was built with high-quality design and construction, steel framing and a Monier tile roof, lowering future owners' costs.
Double-glazed insulated windows - plenty of them - make suites comfortable and lower energy costs.
The seller will provide stub-outs and wall framing for one private restroom in each unit, as well as framing for demising wall(s).
The center features tropical landscaping with Native Hawaiian plants, as well as one or two reserved parking stalls for each office suite.
The complete fire sprinkler system lowers insurance costs, and the telephone/cable television conduit to each office suite makes installation easy.
For more information, call Mario Cardone, principal broker of CardoneRealty Corp., at (808) 276-8132 or visit www.MauiCommercialProperties.com.
Call for your free net cost of buying cost/benefit analysis.
Current prices are guaranteed for only the first three sales.
There is flexible timing for closing to accommodate plans, permits and lease issues.