Premier Place Office Investment
535 Lipoa Parkway, Kihei, HI 96753
Two-story Class A office building in Maui Research & Technology Park.
Type:Office
Property size:
47,732 SFLot size:
2.81 Acres- Added:
- Mar 25, 2026
- Days on Market:
- 49
- Last Refresh:
- Mar 18 at 9:51 am
Property Features for 535 Lipoa Parkway
General Information
- Standard status
- Active
- Size
- 47,732 SF
- Lot size
- 2.81 Acres
- Property subtype
- Office
Listing agent Matthew Bittick License #RB-19143
Listing office
Listing date Mar 25, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Matthew Bittick
HighLights
- 97.5% leased to a diverse mix of national, local, and government tenants, providing stable in‑place cash flow.
- Below market rents offer a 13% mark‑to‑market opportunity upon lease rollover.
- Located in the desirable Maui Research & Technology Park, with proximity to Wailea and other key areas.
- High barriers to entry in the Maui office market due to limited land, entitlement process, and construction costs.
- Institutional‑grade asset, professionally managed since 2021, ensuring quality and operational stability.
- Rare opportunity to acquire an institutional quality, multi‑tenant office building in Maui at a discount to replacement cost.
Overview
Premier Place is a two-story, Class A low-rise office building totaling 47,732 square feet on 2.81 acres of land. Constructed in 1991, this multi-tenant corporate style office building is situated on a professionally landscaped parcel that offers generous on-site parking and contemporary architectural design. The property is located within the Maui Research & Technology Park. The building has been institutionally owned and managed since 2021 and is currently 97.5% leased to a diversified group of national, local, and government tenants. The largest tenant has the longest lease term. 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. The location boasts views and proximity to Wailea, Makena and Kihei resorts, residential communities, and central government services. The property has demonstrated strong historical occupancy and currently enjoys stable in-place tenancy. Kihei’s commercial inventory remains tight with low office vacancy rates and limited to no future supply.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Kihei
- County
- Maui
- State
- Hawaii
- Longitude
- -156.4396386
- Latitude
- 20.750128
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story Class A office building in Maui Research & Technology Park.
Where is this office building located?
The property is located at 535 Lipoa Parkway Kihei, HI.
What are key features of this property?
This property features: 97.5% leased to a diverse mix of national, local, and government tenants, providing stable in‑place cash flow.; Below market rents offer a 13% mark‑to‑market opportunity upon lease rollover.; Located in the desirable Maui Research & Technology Park, with proximity to Wailea and other key areas.
