485 Waiale Rd
Wailuku, HI 96793
30,187 Sq. Ft.
• Rare Market Opportunity - 30,187 square feet of fee simple land in the middle of Wailuku, Maui.
• Long term tenancy – American Machinery (dba Island Equipment) has been at the location for over 12 years. They serve as the construction dealer for John Deere and Hitachi and also as the material handling and Ag & Landscape Equipment dealer for the island.
•Diverse Tenant Base – The mixed use nature of the property offers a diverse tenant roster mitigating risk.
• Strong Economy - Maui has seen strong market fundamentals with over 2.4 million visitors annually to the island. In 2018, Maui’s visitor spending increased 8.3% to $5.07 billion.
• Low Vacancy and Significant Barriers - The market vacancy rate for industrial, retail and office space is extremely low, with no little to no new inventory coming on line for the foreseeable future.
Posted: January 7, 2020 at 12:46 AM
Updated: February 16, 2021 at 1:33 PM