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Original developer’s loss is your gain

By Staff | Nov 20, 2014

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

LAHAINA – If you have thought about owning your office space, Keawe Business Center is your once per real estate cycle opportunity. Prices are at well below replacement cost. If you wait for the next wave of development, your cost will be 20 to 30 percent higher.

Great prices coupled with still historically low interest rates yield a net cost of buying far lower than paying rent. To put it simply, your interest expense is lower than rent.

To top things off, you don’t need a big down payment either. Most businesses qualify for 90 percent financing under the SBA 504 program, and 100 percent financing is available for medical doctors and dentists. And, the seller is willing to help with your current lease and will give you the time needed for plans and building permits.

Of the seven remaining units in this Class “A” office condominium building, there is only one third floor unit, which has extraordinary ocean and Lanai views. For those who want ground floor access, there are only two corner units available, and if a larger floor area is needed, there are four contiguous units on the second floor offering up to 4,160 square feet.

The remaining units 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! As a bonus, the remaining units will be delivered with a nearly complete restroom and framed demised walls, which saves each buyer over $10,000.

Buyers can take control of their business’s future, and no longer have to deal with landlords, by owning their own office. Keawe Business Center represents an excellent opportunity for business owners to invest in their future, giving them more flexibility when they’re ready to sell their business or retire.

Keawe Business Center is ideally located for those businesses serving all of West Maui. It’s 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, allowing easy access 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.

Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, is offering private showings for those wishing to purchase or lease 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.