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By Staff | Sep 13, 2018

LAHAINA – Unit 101 at Keawe Business Center is closing next week with a 90 percent SBA loan. Only Unit 302 remains. The seller wants to close out this project and is offering to cover the buyer’s closing costs up to 3 percent of the purchase price. This cash savings greatly reduces your upfront cash requirement. The Unit 101 buyer took full advantage of this and is receiving $14,640.

Unit 302 comprises 949 rentable square feet and is priced at $363,000 (compared with the original price of $572,000). You won’t see a new office project for sale until prices significantly increase. If you’re going to be in business for the long term, buying a new. never-occupied unit at a price far below replacement cost is truly a financial coup and a rare opportunity.

Unit 302 is on the third floor with a great ocean and Lanai view. With this view, Unit 302 offers one of the best values at Keawe Business Center, which makes this opportunity to own even more incredible.

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 an interest expense far less than rent with only a 10 percent down payment under the SBA 504 program.

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, podiatrist, Old Republic Title, and opening soon, a dentist, a medical specialist, and a title company

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.