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Premier Place 535 Lipoa Pky 47,732 SF 98% Leased Office Building Kihei, HI 96753 For Sale

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Investment Highlights

  • NET LEASED CLASS A OFFICE INVESTMENT - A net leased multi-tenant investment opportunity with lease security and excellent WALT.
  • HIGH BARRIERS TO ENTRY - Limited commercial zoned land, extended entitlement process, and high construction costs.
  • RARE MAUI OFFICE OPPORTUNITY - One of the few institutional quality, multi-tenant office buildings in Maui.
  • BELOW MARKET RENTS - The net rents are 13% below market offering an investors an exceptional mark-to-market opportunity when leases rollover.
  • STABLE IN-PLACE CASH FLOW - The property is currently 97.5% leased to a diverse tenant mix.
  • RESILIENT SUBMARKET - Kihei’s commercial inventory remains tight with very low office vacancy rates and limited to no future supply.

Executive Summary

CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Premier Place (the “property”). The property consists of a two-story class-A low rise office building totaling 47,732 square feet on 2.81 acres of land. The Building has been institutionally owned and managed since 2021. It is currently 97.5% leased to a highly diversified group of national, local, and government tenants with the largest tenant having the longest lease term. With institutional-grade credit tenants, rents well below market, and a WALT of 4.25 years, this is a core-plus investment opportunity with value-add traits.
Positioned at 535 Lipoa Parkway within the prestigious Maui Research & Technology Park, the property benefits from a well-established presence in a dynamic business environment surrounded by a diverse mix of local and national companies, healthcare providers, and government agencies.
Constructed in 1991, Premier Place is a two-story, multi-tenant corporate style office building situated on a professionally landscaped parcel that offers generous on-site parking and contemporary architectural design. The building has consistently demonstrated strong historical occupancy and currently enjoys stable in-place tenancy, providing secure cash flow and operational stability.
With upside potential through mark-to-market rents, Premier Place offers investors a unique opportunity to capitalize on long-term value in one of Hawaii’s most supply-constrained office markets, with close adjacency to the luxury Wailea market. The combination of location, tenant mix, and market fundamentals position Premier Place as a best-in-class investment opportunity in Maui.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
47,732 SF
Building Class
A
Year Built/Renovated
1991/2023
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
23,866 SF
Building FAR
0.39
Lot Size
2.81 AC
Zoning
MRTP, Maui - Mixed Use Zone
Parking
153 Spaces (3.21 Spaces per 1,000 SF Leased)

Amenities

  • Food Court
  • Food Service
  • Golf Course
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Destination Residences Hawaii
  • -
  • -
  • -
  • -
  • Jan 0000
  • Services
  • -
  • -
  • -
  • Jan 0000

Therapeutic bodywork & systemic energy healing to activate the energy that runs through and around the entire body. This method will assist in the shifting and stagnation trapped within and below the muscles. Methods applied during the session: Trigger Point Release, Muscle Energy Techniques, Myofascial Release, Cranial Sacral Therapy, and Hot Stone Therapy.

  • Endangered Pieces
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Public Administration
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The U.S. Department of Homeland Security (DHS) and its homeland security mission were born from the commitment and resolve of Americans across the United States in the wake of the September 11th attacks. In those darkest hours, true heroism, self-sacrifice, and unified resolve against evil were witnessed. The nation rallied together for its common defense, pledging to stand united against the threats facing the great Nation, its citizens, and their way of life.

  • Educational Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Hawaii Technology Academy (HTA) is a tuition-free, WASC-accredited, public charter school that aims to transform education to meet the demands of an ever-changing world. Their educational approach is founded on the belief that learners learn best by doing and by engaging in relevant learning experiences that help them make connections between themselves and the world.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

At KBR, they partner with government and industry clients to provide purposeful and comprehensive solutions with an emphasis on efficiency and safety. With a full portfolio of services, proprietary technologies and expertise, their employees are ready to handle projects and missions from planning and design to sustainability and maintenance. Whether at the bottom of the ocean or in outer space, their clients trust us to deliver the impossible on a daily basis. Simply put, at KBR, they do things that matter. Every day, their people work together to deliver solutions that are helping solve the great challenges and opportunities of their time, including climate change, national security, energy transition and security, cybersecurity, space exploration, and more. The KBR team of teams delivers future-forward science, technology and engineering solutions and mission-critical services that help governments and companies around the world accomplish their most important objectives.

  • Manufacturing
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

In a fast moving and increasingly complex world, L3Harris is anticipating and rapidly responding to challenges with agile technology – creating a safer and more secure future. As the Trusted Disruptor, they innovate relentlessly and deliver capability with the speed, passion and determination that their customers demand in executing their most challenging missions.

  • Multifamily Capital Partners
  • Real Estate
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

MF Capital Partners, LLC is a privately held investment company that focuses on the acquisition and management of opportunistic and value-add multi-family properties. They specialize in repositioning well located assets in emerging markets to protect investor capital and provide high yield returns.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Destination Residences Hawaii - - - - Jan 0000
Services - - - Jan 0000
Endangered Pieces Retailer - $9.99 Lorem Ipsum Jan 0000
Public Administration - - Lorem Ipsum Jan 0000
Educational Services - - Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Manufacturing - $9.99 Lorem Ipsum Jan 0000
Multifamily Capital Partners Real Estate - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 145
  • 754 SF
  • Office
  • Partial Build-Out
  • Now
  • 1st Fl-Ste 150A
  • 157 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 150B
  • 157 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 150D
  • 138 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 180
  • 1,767 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 145 754 SF Office Partial Build-Out Now
1st Fl-Ste 150A 157 SF Office - Now
1st Fl-Ste 150B 157 SF Office - Now
1st Fl-Ste 150D 138 SF Office - Now
1st Fl-Ste 180 1,767 SF Office - Now

1st Fl-Ste 145

Size
754 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 150A

Size
157 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 150B

Size
157 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 150D

Size
138 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 180

Size
1,767 SF
Space Use
Office
Condition
-
Available
Now

Property Taxes

Property Taxes

Parcel Number
2-2-2-024-007-0000
Land Assessment
$2,820,300
Improvements Assessment
$7,426,800
Total Assessment
$10,247,100
  • Listing ID: 39545143

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 535 Lipoa Pky, Kihei, HI 96753

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