Premier Place Office Investment
For Sale
Contact for pricing
535 Lipoa Parkway, Kihei, HI 96753
Two-story Class A office building in Maui Research & Technology Park.
Property Size47,732 SF
Lot Size2.81 Acres
Days on Market224
Property Features for 535 Lipoa Parkway
General Information
Standard status
Active
Size
47,732 SF
Lot size
2.81 Acres
Property subtype
Office
Listing Agency:
CBRE - Honolulu
Listed By:
Matthew Bittick · License #RB-19143
(808) 541-5182
Source:
Cbre
Added: Mar 25
Changed: Oct 27
Last Checked: Nov 1 at 3:29AM
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 CBRE - Honolulu
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Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Location Intelligence
Demographics for 96753, HI
27,611
Population
18,294
Households
1.5
Avg Household Size
47
Median Age
35%
College-Educated
95%
High-School Grad
36.4 sq mi
ZIP Area
759
Density / Sq Mi
$87,948
Median Household Income
$44,157
Median Earnings
$2,076
Median Rent
$958,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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.
