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By Staff | Aug 24, 2017

Located near the Lahaina Bypass, only two units remain at Keawe Business Center.

LAHAINA – Suite 101 comprises 1,331 rentable square feet of space and is priced at $488,000 (compared with the original price of $716,000). The unit came back, as it proved to be just too small for this particular business, and we no longer have two adjacent units. This is a great unit and a great opportunity for the right owner-user.

The only other available unit is completely different and would be perfect for a more typically sized Maui business. Unit 302, a third floor unit with a great ocean and Lanai view with 949 rentable square feet of space, is priced at $372,000 (compared with the original price of $572,000).

That’s it. These are the only two units remaining at Keawe Business Center. Your opportunity to own your office space at a price far below replacement cost will end soon. So, if you’ve been thinking about owning your office space, it’s time to call.

The only reason we can sell these units for so low is that they were part of a bulk sale after foreclosure by the construction lender. A great price, coupled with still historically low interest rates, yields a net cost of buying far lower than paying rent. To put it simply, your interest expense is far less than rent. This alone is a compelling reason to own.

You will also enjoy the ownership benefits of tax savings from depreciation deductions, relief from future rent increases, and relief from paying general excise tax on rent. Your principal payments build your equity as well as any future appreciation. Prices are at least 25 percent below replacement cost, so over the long term you could see a nice increase in your equity.

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.

Take control of your business’s future and no longer deal with landlords. Keawe Business Center represents an excellent opportunity for you to invest in your future, giving you more flexibility when you’re ready to sell your business or retire.

Be a part of Keawe Business Center’s top-quality mix of businesses, including a credit union, financial services company, physical therapist, insurance agency, architect, admin offices for TS Restaurants, real estate brokerage, transportation company, a private office user, and coming soon a dentist and a medical specialist.

Call Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, at 276-8132 for a private showing. Ask for a free Keawe Business Center Net Cost of Buying cost/benefit analysis. More information is available at www.mauicommercialproperties.com or e-mail mario@peake-levoy.com.