Faris Lee Investments is pleased to offer the rare opportunity to acquire The Kahana Gateway Professional Building, a true pride of ownership asset with quality construction, excellent tenant synergy and premiere visibility located in the affluent city of Lahaina, HI (West Maui). Kahana Gateway Professional Building, one of only a few dedicated office buildings in West Maui, is a tri-level building containing approximately 21,231 rentable square feet. Current ownership is completing a condominium map for each individual floor of the building which will be in place by the close of escrow. The fee simple interest in separate floors provide a rare opportunity for both investors and users to purchase a building which provides flexibility of downsizing the investment by selling each individual floor to owner/user or investor in the future. The subject property is within close proximity to Kaanapali, Lahaina, Kapalua, Kahana and Napili, and is ideally situated in the epicenter of these signature resort areas. Additionally, the property is located adjacent to Kahana Gateway Resort Retail Center, a 58, 000 square foot retail center anchored by Whalers Marked, Maui Dive Shop, Maui Brewing Company, Bank of Hawaii, and others. The professional building and resort retail center make up a dynamic mixed-use environment where each property provides synergistic business opportunities for the other. All traffic coming in and out West Maui’s northern resorts pass directly in front of Kahana Gateway. Kahana Gateway Professional Building possesses a combination of premium strategic location elements and an attractive demographic profile within a desirable community.
Kahana Gateway Professional Building is a premier piece of real estate on the ocean-side of Honoapiilani Highway (21,600 vehicles per day) located at the hard corner of Honoapiilani Highway and Hoohui Road. The center is surrounded by over 4,000 hotel rooms, timeshares and condominiums. The property is strategically located as the epicenter for tourists visiting all West Maui’s Resorts. The building highlights unique architecture features and caters to the lifestyle demands from the local residents and tourists that flock to all that West Maui has to offer. Furthermore, the property is ideally located within a very affluent trade area with an average household income over $110,000 within a 5-mile radius.
Lahaina is one of the most affluent cities in the state of Hawaii along with being the dominant tourist destination. Over two million people experience the city of Lahaina, or approximately 80% of all Maui tourism, per year. Lahaina is the “art capital of the Pacific” with Front Street lined with a number of galleries, great restaurants and shopping. Front Street remains the main thoroughfare for Lahaina, with rents comparable to Kalakaua Avenue in Waikiki, Rodeo Drive in Beverly Hills and South Manhattan in New York. This property will be auctioned on Monday, January 1 - Monday, January 1. For information and to register to bid on this property, please visit Ten-X.com.