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TS Restaurants’ admin offices coming soon…

By Staff | Oct 24, 2013

With only seven units left, time is running out to buy at Keawe Business Center.

LAHAINA – The offices are coming soon to Keawe Business Center. Early next year, TS Restaurants’ administrative offices will become one of the first new occupants in Keawe Business Center in nearly five years. TS recognized the value of owning their office space – rather than renting – and plans to purchase four units at the north end of the second and third floors. They are now working on their improvement plans and will be a welcome addition to Keawe Business Center early next year.

No new occupants have moved into Keawe Business Center after the first five units were sold in 2009 due to the market downturn and a lengthy foreclosure process. Keawe Business Center LLC earlier this year emerged as the new owner of the 13 remaining developer’s units at Keawe Business Center and is breathing new life into the building. Keawe Business Center, West Maui’s only Class “A” professional office building, promises to be the finest office building in West Maui. Brand new fee simple professional office spaces are now available for purchase at below replacement cost, and coupled with low interest rates, yields an estimated net cost of buying well below that of renting.

Building equity and having the tax benefits of owning are now obtainable for those who have typically rented.

However, time is running out. There is only one unit remaining on the third floor with great ocean and Lanai views, and only two ground floor corner units (with an offer pending on one of those). There are only seven – going on six – units still available for sale.

Keawe Business Center is ideally located for those businesses serving all of West Maui. Located in the new commercial center for West Maui with Lahaina Gateway Shopping Center, Lahaina Cannery Mall, Walgreens, Longs, Safeway, Barnes & Noble, Office Max, Foodland Farms and the Lahaina Bypass all nearby, there is easy access to your office for all of your customers.

This Class “A” office building features attractive island-style design with open-air lobbies, Monier tile roof, double-glazed insulated windows (and plenty of them), steel framing and a full-service passenger elevator.

The remaining units range in size from 858 to 1,495 gross square feet; prices range from $313,000 to $497,000, which represents a dramatic discount from the original prices of $479,000 to $778,000. That’s a reduction of over 35 percent! Low interest rates and 90 percent financing are available to most businesses (100 percent financing for medical doctors and dentists).

Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, is offering private showings for those wishing to secure space in what promises to be West Maui’s best business address. Call Mario at 276-8132 for your Net Cost of Buying cost/benefit analysis or for more information. Information is available at www.mauicommercialproperties.com or e-mail mario@peake-levoy.com.