Two more units sell at Keawe Business Center
LAHAINA – Only three units remain for sale at Keawe Business Center. That’s pretty tight, as all three units are very different.
Only one of the smallest, least expensive units remains. Suite 203 is the lowest priced unit at only $327,000 for 858 rentable square feet of space (compared with the original price of $479,000).
Only one ground floor unit remains. Suite 101, a corner unit with 1,331 rentable square feet of space, is priced at only $488,000 (compared with the original price of $716,000).
Only one corner unit remains. Suite 101 also fits this bill.
Only one third floor unit (with a great ocean and Lanai view) remains. Unit 302 is priced at $372,000 for 949 rentable square feet of space (compared with the original price of $572,000).
I’ve been saying for some time now that your opportunity to own your office space at a price far below replacement cost will end soon. When these last three units are gone, so goes this opportunity. So, if you’ve been thinking about owning your office space, it’s time to call.
Ask for a free Keawe Business Center Net Cost of Buying cost/benefit analysis and you will see:
Your interest expense is far less than rent. With commercial banks’ mortgage interest at 3.5 percent and SBA at 4.09 percent, your interest expense on a 90 percent SBA 504 loan is far less than rent.
You only need 10 percent down payment.
Tax savings from depreciation is yours, and not your landlord’s.
Savings of general excise tax. You don’t pay GET on your mortgage payment.
No future rent increases.
Even your mortgage payment (principal and interest), less the cash savings from depreciation, general excise tax and future rent increases, is less than rent.
You will accumulate significant equity through your mortgage payments.
You are building your equity, and not your landlord’s.
Future appreciation is yours.
Join the great business neighbors at Keawe Business Center. Call Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, for a private showing. 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.