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Only two units remaining at Keawe Business Center

May 4, 2017
Lahaina News

LAHAINA - It's down to the wire. If you've thought at all about owning your office space in West Maui, there are only two more chances. Since last time, Suite 204 is now in escrow. The good news is that the two remaining suites are among the best in the building. The urgent news is that these two units are so different, there is probably only one that meets your needs.

Suite 101, a ground floor corner unit with 1,331 rentable square feet of space, is priced at $488,000 (compared with the original price of $716,000). Unit 302, a third floor unit with a great ocean and Lanai view with 949 rentable square feet of space, is priced at $372,000 (compared with the original price of $572,000).

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, administration offices for TS Restaurants, real estate brokerage, transportation company, and a private office user.

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Your opportunity to own your office space at a price far below replacement cost will end soon.

Your opportunity to own your office space at a price far below replacement cost will end soon. When these last two units are gone, so goes this opportunity. So, if you've been thinking about owning your office space, it's time to call.

Ask for a free Keawe Business Center Net Cost of Buying cost/benefit analysis, and you will see:

Your interest expense is far less than rent. Historically low mortgage rates make this possible, even on a 90 percent SBA 504 loan. This alone is a compelling reason to own.

Your mortgage payment, less cost savings through ownership, is also less than rent.

You only need 10 percent down payment, and you can finance your improvements.

Tax savings from depreciation is yours, and not your landlord's.

You don't pay general excise tax on your mortgage payment.

You are no longer subjected to future rent increases.

You will accumulate significant equity through your mortgage payments for yourself and not your landlord.

Future appreciation is yours. Prices are at least 25 percent below replacement cost, so when the market normalizes, you could see a large increase in value.

As a bonus, these remaining units have a permitted restroom, which will save you over $10,000. Invest in your future; as an owner, you will have more control when you're ready to sell your business or retire.

Call Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, at 276-8132 for a private showing. More information is available at www.mauicommercialproperties.com or e-mail mario@peake-levoy.com.

 
 
 

 

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