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Investment Highlights

  • Fee simple industrial condominium units
  • Warehouse and office permitted uses
  • Grade level roll up doors
  • Flexible contiguous or divisible layout

Executive Summary

Newly constructed in 2024, this industrial warehouse project consists of 4 separately condominiumized small bay units totaling approximately 8,584 SF. The property offers flexible occupancy options, allowing for full contiguous use or future division into individual units.
The warehouse improvements feature approximately 27' center ceiling heights with approximately 22' clear height to steel, providing functional industrial volume for warehouse, contractor, distribution, and light industrial users. The project includes modern fire suppression systems, Type II-B construction, grade level roll up doors, and 3 phase power throughout.
The property currently operates with 2 electrical submeters servicing the 4 bay configuration and includes completed and permitted restroom plans. The building design also allows potential for future mezzanine improvements.
Pricing for partial unit sales includes anticipated demising improvements required for separate occupancy configurations.
Seller may prefer to retain Unit 101 for future owner occupancy or discuss a potential leaseback structure if helpful in facilitating a larger purchase configuration.
Final unit configuration and demising scope subject to mutual agreement during escrow.
Rare opportunity to acquire modern small bay industrial product within Maui’s highly supply constrained industrial market.

Property Facts

Price $4,200,000
Price Per SF $489.28
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.49 AC
Rentable Building Area 8,584 SF
No. Stories 1
Year Built 2022
Tenancy Single
Parking Ratio 1.16/1,000 SF
Zoning M-1 - Manufacturing and Industrial Uses

Amenities

  • Storage Space

Utilities

  • Water - County
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 2-3-8-094-017-0000
  • 2-3-8-094-017-0004
  • 2-3-8-094-017-0005
  • 2-3-8-094-017-0002
  • 2-3-8-094-017-0001
  • 2-3-8-094-017-0003
Land Assessment
$1,535,000
Improvements Assessment
$2,903,200
Total Assessment
$4,438,200
  • Listing ID: 40638537

  • Date on Market: 5/22/2026

  • Last Updated:

  • Address: 401 E Ahuliu Way, Wailuku, HI 96793

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