Own your office space and stop making your landlord richer
LAHAINA – Ask for a free Keawe Business Center Net Cost of Buying cost/benefit analysis and you will see:
Your interest expense will be less than rent for comparable space (this alone is the reason to buy).
Your savings from depreciation is nearly $300 per month (depending on tax bracket).
You will save $75 each month in general excise tax.
You will save on future rent increases with a present value of nearly $200 per month (it really adds up over time).
You will accumulate nearly $120,000 in equity over ten years through your mortgage payments.
You (not your landlord) will earn the future appreciation. Prices are 25 percent below replacement cost, so when the market normalizes, you could see an increase in value of $100,000 or more.
These savings are for an office space with 949 gross leaseable square feet and a great third floor ocean and Lanai view. Of course, there are various sizes, locations and prices of office space available. 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.
If you have thought about owning your office space, Keawe Business Center is your once per real estate cycle opportunity. 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 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.
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.
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 firstname.lastname@example.org.