Exclusive Offering by

WAILEA TOWN CENTER – SUITE B106 161 Wailea Ike Place, Wailea, Maui, Hawaii 96753

$800,000 Fee Simple

A Premier Business Office Condominium ● Located in The Wailea Resort Maui

August 2018 Owner discloses he is a licensed realtor in the State of Hawaii

This is the Best Commercial Real Estate for sale in Wailea, Maui. An exclusive Maui location, Suite B-106 offers a great opportunity to own your own Commercial Space in The Wailea Resort. Wailea hotels have the highest average room rates in the entire State of Hawaii. The average residential asking prices are at $2,345,000.

Located in Wailea Town Center, www.waileatowncenter.com, the project is a mixed-use specialized service center catering to the business needs of the residential Wailea Resort community as well as visitors. The Wailea Residence Hotel is directly adjacent overlooking the Town Center. This is the only commercial condominium project you can own a business apartment in the Wailea Resort with none on the books in the resort’s development plans.

Location is a valuable investment and business asset with Suite B106 at the enviable center spot of the Center’s busy central courtyard. A windowed corner unit that is directly across from the project’s only restaurant, Matteo’s Osteria Italian Restaurant, it is the most visible premier location upon entering this business center. The condo map designates the Unit area as 947 sq. ft. However, as most Units in the Center have measured out larger in reality, Suite B106 is no exception offering approximately 993 sq. ft. It is comprised of a tiled and glass block reception area, common work area with built in file storage cabinetry, conference room with wet bar, and 2 private executive offices. The common restrooms

are a convenient 10 yards from the front entrance. The 10 ft. ceilings have an expansive feel to accommodate the custom 10 ft. mahogany interior doors. Enjoy the nearly $175,000 build-out of this Unit with separate dedicated A/C and the potential to add a roof top solar photovoltaic system. Suite B106 is the second smallest Unit in the project and currently the lowest and most affordable priced Unit to purchase. Don’t miss out on a chance for a great investment to locate your business at a prestigious address in the Wailea Resort. The current lessee, Coldwell Banker Island Properties Vacation Rentals is on a month-to-month lease. Convert to a long term lease or vacate for your own business. Current annual gross rental income is $50,000 with step-ups. Wailea Town Center amenities include Matteo’s Osteria, a gourmet Wailea Wine store, a flower shop, medical centers, and many other boutique establishments along with Wailea’s only bank. Owner has property free & clear and will not carry a purchase note. If you are interested, please contact me direct. Jolyn C. Bien, R(S) 

PEAKE / LEVOY 80 S. Puunene Avenue, Suite 102 Kahului, HI 96732 USA (E): jolyn@maui.net | (P): 808-281-2020 | (F): 714.364.9998

  TMK # 2-2-1-008-103-0013-000 161 Wailea Ike Place, B106, Wailea, HI 96753 Year Purchased 2005 Year Built 2006 Fee Simple Price $800,000 TMK Square Footage (Actual 993) 947 Annual Property Taxes $3,259 County Tax Assessment Value $449,500 Annual Maintenance & Reserve Fees $4,867 Annual Wailea Resort Community Dues $920 SITE LOCATION PLAN

INTERIOR FLOOR PLAN

INTERIOR VIEWS OF SUITE B1O6 (Sept. 25, 2017)

EXTERIOR VIEWS OF WAILEA TOWN CENTER