homepage logo


By Staff | Mar 7, 2019

LAHAINA – Unit 302 has the best view at Keawe Business Center, with a spectacular ocean and Lanai island view.

With the closing cost rebate, your total cost for Unit 302 will be comparable to the same unit on the second floor. This makes Unit 302 an incredible value and the “sleeper” of the project.

Twelve of our 13 units have sold and 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 up-front cash requirement.

Unit 302 comprises 949 rentable square feet and is priced at $363,000 (compared with the original developer’s 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.

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, a private office user, podiatrist, dentist, and Old Republic Title and dentist.

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.