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By Staff | Feb 8, 2018

Only two units remain for sale at Keawe Business Center. Your chance to own your own office space will end soon.

LAHAINA – There are only two units remaining at Keawe Business Center, and the seller is offering incentives to close out this project. Each unit is very different, and whichever unit better suits you, there is only one.

Now you can buy with NO CLOSING COSTS. The seller is offering to cover the buyers’ closing costs up to 3 percent of the purchase price. This is a cash savings of $12,000 to $15,000 and greatly reduces your upfront cash requirement.

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. Unit 302 is now being offered at A REDUCED PRICE of $363,000 (compared with the original price of$572,000), which is about the same price per square foot as the last units sold on the second floor. The second floor is sold out, and buyers seemed to like the pricing for those units.

A great price coupled with still historically low interest rates yields an interest expense far less than rent with only a 10 percent down payment under the SBA 504 program. Your opportunity to own your office space at a price far below replacement cost will end soon. So, why aren’t you buying?

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).

As an owner, 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.

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 opening 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.