LAHAINA - For the fence-sitters out there, we are really starting to run out of units for purchase.
The third floor is entirely sold out. Ground floor small units are sold out.
There is only one ground floor small unit available on a lease with option to buy, and only one third floor unit for lease.
Keawe Business Center is the only opportunity in West Maui for buyers to own their fee simple condominium office space.
The third floor is sold out due to the panoramic ocean and Lanai views. However, we do have a unit for lease on the third floor. I'm sure that the owners of these units will sell in the future, so leasing at KBC gives you the opportunity to eventually become an owner. Renting in a rental office building will never give you that opportunity.
If you really need a small ground floor unit, we do have a resale of a unit improved with two private offices; it is available for purchase OR for lease with or without an option to buy. We also have two ground floor corner units of around 1,300 square feet available for purchase.
The remaining units for sale range in size from 858 to 1,495 gross square feet; prices range from $327,000 to $517,000, which represents a dramatic discount from the original prices of $479,000 to $778,000. That's a reduction of over 30 percent!
This is the only opportunity in West Maui for buyers to own their fee simple condominium office space. Building equity and having the tax benefits of owning are obtainable for those who have typically rented. However, time is running out.
The timing has never been better to own. Prices at well below replacement cost coupled with still historically low interest rates yield a net cost of buying far lower than paying rent. Most businesses qualify for 90 percent financing under the SBA 504 program, and 100 percent financing is available for medical doctors and dentists.
Buyers can take control of their business's future and no longer have to deal with landlords. Keawe Business Center represents an excellent opportunity for business owners to invest in their future, giving them more flexibility when they're ready to sell their business or retire.
Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, is offering private showings for those wishing to secure space in what promises to be West Maui's best business address. Call Mario at 276-8132 for your Net Cost of Buying cost/benefit analysis or for more information. Information is available at www.mauicommercialproperties.com or e-mail mario@ peake-levoy.com.