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161 Wailea Ike Pl - Bldg A

800 SF Office Unit Offered at £865,061 in Wailea, HI 96753

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Investment Highlights

Elegant 800 s.f. prime ground floor single level location in the high traffic, high end Wailea Town Center, in the world class Wailea Resort.

Property Facts

Price	£865,061	Building Class	B
Unit Size	800 SF	Number of Floors	1
No. Units	1	Typical Floor Size	12,800 SF
Total Building Size	12,800 SF	Year Built	2006
Property Type	Office (Unit)	Lot Size	6.39 AC
Sale Type	Investment or Owner User	Sale Conditions	1031 Exchange

Price	£865,061
Unit Size	800 SF
No. Units	1
Total Building Size	12,800 SF
Property Type	Office (Unit)
Sale Type	Investment or Owner User
Building Class	B
Number of Floors	1
Typical Floor Size	12,800 SF
Year Built	2006
Lot Size	6.39 AC
Sale Conditions	1031 Exchange

1 Unit Available

Unit A-102

Unit Size	800 SF	Net Initial Yield	5.72%
Price	£865,061	NOI	£49,481.48
Price Per SF	£1,081.33	No. Parking Spaces	134
Unit Use	Office	Sale Conditions	1031 Exchange
Sale Type	Investment or Owner User	APN/Parcel ID	2-2-1-008-103-0004

Unit Size	800 SF
Price	£865,061
Price Per SF	£1,081.33
Unit Use	Office
Sale Type	Investment or Owner User
Net Initial Yield	5.72%
NOI	£49,481.48
No. Parking Spaces	134
Sale Conditions	1031 Exchange
APN/Parcel ID	2-2-1-008-103-0004

Description

Make Owning Your Own Maui Business Location a Reality! You or your clients might find the availability of this Wailea Town Center 800 SF Commercial Condominium an exciting & rare opportunity, as I did back in 2005. I have always owned the Real Estate for the LOCATIONS of my businesses over the last 40 years! Having the Peace of Mind, control, & security of determining one’s own fate, regarding a Business Location cannot be underestimated! Most business owners on Maui are Tenants & paying other people’s mortgages. The benefit of writing off the annual depreciation on your own business property may be an excellent tax advantage. Historically, the opportunity for property appreciation on Maui over time has proven itself time & again. The opportunity to balance income, rents, & overhead can be a useful tax planning strategy. As a business owner, having these opportunities on Maui, let alone in Wailea, may make sense to you or your clients. Unit A-102 is located immediately to the Right, on the South side, as you pass through the entrance columns at Wailea Town Center. I had the first pick of these units in 2005 & jumped on, arguably, 2 of the best locations. Unit A-102 offers prime exposure on 2 facades; 1 facing all incoming traffic at WTC & the other immediately facing the entrance to the revered Wailea Wine store. Excellent traffic-generating neighbors include Dr. Martin Dermatology, Wailea Suites, Hansen Realty, & Matteo’s Osteria, along with many other well-established Maui businesses. Large format polished stone-like porcelain tiled floors, central A.C., an en-suite bathroom, an interior private office, a conference room, & solar electricity are worth noting. Listor is a Managing Member of the LLC that owns the subject property. Listor is a Licensed Hawaii Realtor. Buyer to participate in Seller’s IRC 1031 Exchange & to Discuss Seller’s leaseback possibilities.

Sale Notes

Listor is a Licensed Realtor in the State of Hawaii and a Managing Member of RHD, LLC, owner of Wailea Town Center A-102.

Seller open to all Buyer's needs and considerations and would prefer and hope to Leaseback the unit for a minimum of 6 to 12 months or possibly one year with two additional 6 month options. All totally negotiable.