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By Staff | Dec 14, 2017

Only two units remain at Keawe Business Center. If you’ve been thinking about owning your office space, it’s time to call.

LAHAINA – Suite 302 is the last remaining office unit on the third floor and comprises 949 rentable square feet with a great ocean and Lanai view. Priced at $372,000, compared with the original price of $572,000, Suite 302 represents a great savings off replacement cost.

The only other available unit is a larger ground floor corner office with windows on three sides. Suite 101 comprises 1,331 rentable square feet and is priced at $488,000 (compared with the original price of $716,000).

So, whichever unit better suits you, there is only one. Even though these are our last two units, they are among the best units 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.