155 &161 S. Wakea
155 S. Wakea Avenue, Kahului, HI 96732
$1,800,000
13,000 SF
$138.46
Industrial
Warehouse
Vacant/Owner-User
1.69 AC
-
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Last Verified 1/23/2010
Listing ID 16140878
Description
Price Reduced! The offering of 155 and 161 Wakea Avenue is an opportunity to acquire a strategically located fee simple industrial property with in-place cash flow and tremendous redevelopment potential. Situated on approximately 1.689 acres of fee simple land, the Property contains two independent structures with approximately 13,000 square feet of improvements. Located in the heart of Kahului, Maui, within three miles of the port of Maui, Maui International Airport, and on one of the access roads into Queen Kaahumanu Center, Maui's only regional mall. The ability under current zoning regulations to redevelop the Property with retail, office, or industrial uses, provides the Buyer with great flexibility for any future redevelopment.
Investment Highlights:
Rare Market Opportunity
Fee simple industrial zoned land in Kahului, Maui. This is Maui's primary commerce area.
Redevelopment Flexibility
The current zoning of the Property allows for industrial, commercial, and retail uses.
Low Vacancy and Significant Barriers
The market vacancy rate for industrial space is 0.27% with no signifi cant inventory coming on line for a
minimum of two years.
Map of 155 S. Wakea Avenue, Kahului, HI 96732 (Maui County)
Brokerage Firm
CB Richard Ellis
Created 3/11/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.