Premier Place 535 Lipoa Parkway
Kihei, HI 96753
For Sale
47,732 sqft
Sale Price
Contact Broker For Pricing
Brochure
Property Website
Map
Office For Sale - Available February 2026
MAUI - Class A Multi-Tenant Office Investment Opportunity
NET LEASED CLASS A OFFICE INVESTMENT - A net leased multi-tenant investment opportunity with lease security and excellent WALT. The largest tenant has the longest lease term.
BELOW MARKET RENTS - The net rents are 13% below market offering an investors an exceptional mark-to-market opportunity when leases rollover.
HIGH BARRIERS TO ENTRY - Limited commercial zoned land, extended entitlement process, and high construction costs make new office development in Maui rare.
STABLE IN-PLACE CASH FLOW - The property is currently 97.5% leased to a diverse tenant mix including strong national (First American Title), local, and public company credit. 78% of the building is leased to federal government (FEMA), state government (Hawaii Technology Academy), and defense-related credit tenants (KBR, L3Harris).
DIVERSE PROFESSIONAL TENANT ROSTER - Well diversified and balanced rent roll with a wide range of industries including real estate, government, investment and education.
RARE MAUI OFFICE OPPORTUNITY - One of the few institutional quality, multi-tenant office buildings in Maui at a significant discount to estimated replacement cost of $650 PSF.
DESIRABLE LOCATION - Located in the Maui Research & Technology Park in Kihei, the property boasts world-class views and excellent proximity to Wailea, Makena and Kihei resorts, residential communities, and central government services.
RESILIENT SUBMARKET - Kihei’s commercial inventory remains tight with very low office vacancy rates and limited to no future supply.
Get in touch
Matthew Bittick
Lic: RB-19143
Anthony DeLorenzo
Lic: 01706686
Nathaniel Stanton
Lic: RS-86446
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.
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.
Positioned at 535 Lipoa Parkway within the prestigious Maui Research & Technology Park, 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.
Total Space Available
47,732 sqft
Sale Price
Contact Broker For Pricing
Get in touch
Matthew Bittick
Lic: RB-19143
Anthony DeLorenzo
Lic: 01706686
Nathaniel Stanton
Lic: RS-86446