Premier Place — Sale in Kihei, HI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Kihei, HI 96753

Description

MAUI - Class A Multi-Tenant Office Investment Opportunity 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. 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.

Market Context

This commercial property in Kihei, HI is listed for sale. It has been on the market for 112 days. Compare it against other commercial property listings for sale in Kihei, HI — view the full market.

Contact

Explore this market

Similar Business for Sale in Kihei, HI