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Keawe Business Center running out of units for purchase

By Staff | Jun 5, 2014

Keawe Business Center is the only opportunity in West Maui for buyers to own their fee simple condominium office space.

LAHAINA – KEAWE BUSINESS CENTER IS NOW PROVIDING A PRIVATE RESTROOM for every remaining unit included in its sales prices. The building permit has been issued, and the private restrooms are under construction. Each unit will receive a complete restroom, ready to go except for electrical hookup and flooring. In addition, the framing for the demising walls is also going in. These two additions will save each unit buyer over $10,000, and a private restroom adds to the convenience for each unit.

As previously reported, we are really starting to run out of units for purchase.

The third floor is entirely sold out.

Ground floor small units are sold out.

Only one ground floor small unit available on a lease with option to buy.

Only one third floor unit for lease with panoramic ocean and Lanai view.

The third floor is sold out due to the panoramic ocean and Lanai view. However, we do have a unit for lease on the third floor. I’m sure that this owner will sell in the future, so leasing at KBC gives you the opportunity to eventually become an owner. Renting in a rental office building will never give you that opportunity.

If you really need a small ground floor unit, we do have a resale of a unit improved with two private offices, and it is available for purchase OR for lease with or without an option to buy. We also have two ground floor corner units of around 1,300 square feet available for purchase.

The remaining units for sale range in size from 858 to 1,495 gross square feet, and prices range from $327,000 to $517,000, which represents a dramatic discount from the original prices of $479,000 to $778,000. That’s a reduction of over 30 percent!

The timing has never been better to own. Prices at well below replacement cost coupled with still historically low interest rates yield a net cost of buying far lower than paying rent. Most businesses qualify for 90 percent financing under the SBA 504 program, and 100 percent financing is available for medical doctors and dentists.

Buyers can take control of their business’s future, no longer have to deal with landlords, and can have more flexibility when they’re ready to sell their business or retire.

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. Information is available at www.mauicommercialproperties.com, or call or e-mail Mario at mario@peake-levoy.com.