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Property profile & analytics
FOR LEASE
Outlet malls

1280 S Kihei Rd Kihei, HI 96753

15,034 SF 0.92 ac lot Built 1983
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US24-0136512
1280 S Kihei Rd, Kihei, HI 96753 For Lease
$21 SF/Yr
1280 S Kihei Rd, Kihei, HI 96753
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Property summary
AI-generated overview

This exceptional Kihei, Maui investment opportunity presents the Azeka Makai Shopping Center, a multi-building retail, restaurant, and office complex totaling 68,726 square feet. Situated on 5.27 acres at 1280 S Kihei Rd, 96753, this property boasts a prime location along South Kihei Road, ensuring high visibility and accessibility. Built in 1980 and renovated in 1983, the center comprises four three-story buildings with elevators, offering 12 available spaces ranging from 540 to 3,600 square feet. Currently, there is 10,156 square feet of vacant space. The property benefits from ample on-site parking for tenants and customers, along with an on-site security team. Strong anchor tenants include Bank of Hawaii, the Post Office, and established local restaurants, contributing to a thriving and stable tenant mix. This well-maintained property presents a compelling investment opportunity in a high-demand location. The property's central location in the heart of Kihei, combined with its strong tenant base and ample parking, makes it an attractive proposition for investors seeking a stable and high-growth potential asset in the vibrant Maui market.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1983
Construction WOOD
Total area 15,034 SF
Lot 0.92 ac (40,050 SF)
Zoning code A-1
APN 3-9-008-028
UPID US24-0136512
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.53M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.22M
Owner & transaction history
Jefferies Loancore LLC · 11 yrs held
Jefferies Loancore LLC
since 2015
7 recorded transactions
2020
Price N/A
2015
Price N/A
2014
Price N/A
2014
Price N/A
2013
Price N/A
2012
Price N/A
2009
Price N/A
Zoning & alternative use
A-1 · Kihei, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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