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West Maui Be a Part of Something Big Happening in West Maui

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West Maui Be a Part of Something Big Happening in West Maui EXPERIENCE PREMIER OFFICES IN WEST MAUI BE A PART OF SOMETHING BIG HAPPENING IN WEST MAUI West Maui is on the rise. With plans for a new hospital, working-class housing community, and timeshare resort units, West Maui is buzzing with development. New daily flights from Honolulu International Airport to Kapalua Airport makes West Maui more accessible than ever for work and play. Strategically located on the main thoroughfare, Kahana Gateway Professional Building is poised for success. High street visibility, surrounding world-class resorts, and easy access to Lahaina, Napili, and Kapalua makes Kahana Gateway Shopping Center an ideal location for businesses looking to expand in West Maui. Join the buzz. KAPALUA KAANAPALI PAIA WAILUKU LAHAINA KAHULUI MAKAWAO HANA KIHEI HALEAKALA WAILEA Kahana Gateway Professional Building Honoapiilani Highway OFFICE OPPORTUNITIES AT KAHANA GATEWAY PROFESSIONAL BUILDING Location: 10 Hoohui Road, • Excellent street frontage and visibility Lahaina, Maui, HI 96761 • Over 20,000 cars per day passing by on Available: 261 SF - 1,963 SF Honoapiilani Highway Base Rent: Negotiable • Located adjacent to several world-class resorts in West Maui Operating Expenses: $1.79 PSF/Month (estimated) Including HVAC, electricity, and water • Excellent access to Lahaina, Napili, and Kapalua Term: 3-5 Years • Turnkey office spaces available Land Area: 0.91 Acres • Tenant improvement allowance package available GLA: 21,231 SF • Free on-site tenant and patron parking Parking: 56 Stalls • Professional tenant mix • Adjacent to West Maui’s only commercial airport THIRD LEVEL SECOND LEVEL #307 #305 #302 #301 #208 #201B #201 #201A OPEN TO #308 BELOW LOBBY OPEN TO #209 BELOW PARKING LOT ENTRANCE CORRIDOR CORRIDOR ELEV ELEV STAIR Honoapiilani Road #309 #310 #306 #303 WOMEN MEN STAIR #210 STAIR #211 #207 #204 #202 STAIR EQUIP FIRST LEVEL FIRST LEVEL #108 #106 #100 #101 #109 LOBBY LOBBY CORRIDOR ELEV #110 STAIR #107 #104 #103 WOMEN MEN STAIR Honoapiilani Highway Hoohui Road FIRST LEVEL FIRST LEVEL SECOND LEVEL SECOND LEVEL THIRD LEVEL THIRD LEVEL #100 (1,963 SF) - Available #100 (1,963 SF)#201 - Available ( 1,737 SF) - Available#201 (1,737 SF) - Available #301 (800 SF) - Maui#301 (800Westside SF) - PropertiesKrislin Maui #101 (420 SF) - Available #101 (420 SF) -#201A Available (830 SF) - Available#201A (830 SF) - Soleil Management#302 Hawaii (902 SF) -#302 Soleil (902 Management SF) - Available Hawaii #106 (785 SF) - Available #106 (785 SF) -#201B Available (800 SF) - Available#201B (800 SF) - Available #303 (752 SF) - Available#303 (696 SF) - Available #103 (275 SF) - Mega Veda Properties #202 (433 SF) - Kaanapali Beach Resort Association #103 (275 SF) - Mega Vega Properties #202 (443 SF) - Available #305 (1,382 SF) -#305 Available (1,382 SF) - Available #104 (335 SF) - Available #204 (593 SF) - Monte D. Fitts #306 (327 SF) - Available #104 (665 SF) - Available #105 (330 SF) -#204 Available (593 SF) - Monte D. #207Fitts (328 SF) - Available #306 (261 SF) - Available#307 (524 SF) - My Perfect Days #107 (520 SF) - West Maui Chiropractic#107 (520 SF) -#207 Available (328 SF) - Finance of#208 America (532 SF)Mortgage - KFDC, LLCLLC #307 (524 SF) - Available#308 (537 SF) - Sonya Chambliss #108 (556 SF) - Kainoa Properties#108 (556 SF) - #208Kainoa (532Properties SF) - KFDC, LLC#209 (545 SF) - Ridge Realty Rentals#308 (537 SF) - Sonya Chambliss Counseling Counseling #109 (545 SF) - Available #109 (545 SF) - #209Coldwell (545 Banker SF) Properties - Ridge Realty#210 Rentals (1,254 SF) - Available #309 (990 SF) - #309My Perfect (990 SF) Stays - Available #110 (1,254 SF) - Sullivan Properties#110 (1,254 SF) -#210 Sullivan (1,254 Properties SF) - Hawaiiana#211 Management (520 SF) - Available Company #310 (518 SF) - Tenant Storage / Avail. to Rent #211 (520 SF) - Tenant Storage / Avail. to Rent WEST MAUI MARKET Pulelehua is an exciting new upcoming project encompassing 304 acre masterplanned green residential and retail community designed for the local workforce as well as residents who wish to rent on a long term basis. It has an incomparable 180 degree ocean view sitting on the West Maui Mauka just off of Honoapiilani Highway between Kaanapali and Napili. When fully developed, Pulelehua will have 1,149 residential units, several neighborhood parks, beautiful jogging and biking trails, solar energy, a community wide exclusive potable water system, a state of the art water treatment system, local neighborhood service retail centers and a local elementary school. The planned New West Maui Hospital is on 15 acres of land below the Kaanapali Coffee Farms. The Hospital and Medical Center of 53,000 SF will encompass 25 bed critical access hospital with 24 hour emergency room, 3 operating rooms, radiology department, 24 hour pharmacy and laboratory, 40 bed skilled nursing facility, 40 unit assisted living facility, and 2 medical office buildings. These facilities will meet basic health and safety needs of 65,000_ who live, work, and visit West Maui. Currently, on hold status. Kapalua Airport is located just to the northeast of Kahana Gateway Shopping Center is served by commercial propeller air carriers and commuter/air taxi aircrafts. The most recent 2017 passenger data for Kapalua Airport is 71,465. Hawaiian Airlines currently provides 6 direct daily flights from Honolulu International Airport to Kapalua Airport. Other airlines serving Maui include Air Canada, Alaska Airlines, American Airlines, Delta Air Lines, Hawaiian Airlines, Mokulele Express, United Airlines, US Airways, Virgin America, West Jet, and Southwest Airlines. In May 2019, Maui visitor spending decreased (-1.4% to $397.7 million) in May compared to a year ago. Total visitor days increased by (+3.8%), but average daily spending declined (-4.9% to $214 per person). Vistor arrivals were up (+4.3% to 248,573) with more travelers from U.S. West (+9.3%), Canada (+4.0%), and U.S. East (+3.7%), but fewer visitors from Japan (-22%). The average daily census rose 3.8 percent to 59,847 visitors in May. In May 2019 report from Hawaii Tourism Authority, Maui County hotels led in RevPAR at $265 (+4.3%). Both ADR at $345 (+2.1%) and occupancy at 76 percent (+1.6% percentage points) increased year-over-year. Hotels in the Wailea resort region led the state in RevPAR at $440 (+0.03%) in May. The Lahaina/Kaanapali/ Kapalua region also reported improvements across all measures in May compared to a year ago. 2018 MAUI VISITOR OVERVIEW 2018 2017 % Change Total Visitors 2,004,686 1,855,831 10.4 Visitor Days 16,109,031 14,921,064 8.0 Average Length of Stay 8.04 8.04 -0.1 Per Person Per Day Spending $220.00 $215.20 2.3 Per Person Per Trip Spending $1,786.20 $1,729.90 2.2 Total Expenditures ($Millions) $3,544.60 $3,210.40 10.4 WEST MAUI MARKET MAP WESTWest Maui MAUI Market MARKET Map MAUI MAP Area of Detail Kapalua Mauka Residential 690 units Occupancy: TBD (GLA: 147,000 SF) Base Rent: TBD CAM: TBD THE OUTLETS OF MAUI Occupancy: 80.2% Base Rent: Undisclosed CAM: Undisclosed Honoapiilani Hwy Kapalua Villas 266 units LAHAINA GATEWAY CENTER The Ritz-Carlton KAHANA GATEWAY SHOPPING CENTER Kapalua 455 units Occupancy: 72.8% Base Rent: $2.00 - $3.50 PSF/Mo. CAM: $1.35 PSF/Mo. Wailele Ridge Montage Kapalua Bay 158 units 82 units NAPILI PLAZA (on hold) Pulelehua WHALERS VILLAGE LAHAINA CANNERY MALL Napili Kai Beach HONOKOWAI Occupancy: TBD Puukolii Resort 163 units 1,149 units Base Rent: TBD MARKETPLACE CAM: TBD Villages STORES 940 units Mauian Hotel Kahoma Resident Occupancy: 78.7% 44 units Base Rent: Undisclosed Housing Napili Sunset CAM: Undisclosed Occupancy: TBD (GLA: 110,700 SF) 68 units 42 units Kapalua Airport Westin Nanea Ocean Base Rent: TBD SITE CAM: TBD Napili Surf Kaanapali Villas 390 units Occupancy: 96.0% Beach Resort Kahana Sunset Shores Base Rent: $3.50 PSF/Mo. Leialii HHFDC 53 units 76 units 445 units Maui Eldorado CAM: $1.77 PSF/Mo. Community Paki Maui 182 units 1,200 units Kahana Village Maui Kai FAIRWAY SHOPS Napili Shores Maui 97 units West Maui Hospital by Outrigger 153 units 40 units Condos & Medical Center Kahana Reef 71 units (on hold) 46 units LEGEND Napili Point Resort Kaanapali Royal 113 units Hololani 50 units Aina Nalu = New Development 64 units Hale Mahina Beach 91 units Resort 46 units Honoapiilani Hwy = Existing Property Royal Kahana Hyatt Regency 220 units Papakea Resort Maui Resort Kahoma Village 407 units 806 units LAHAINA TRADE AREA EXISTING INVENTORY UNITS (2018) PD4 Valley Isle Resort Kaanapali Beach Club Hyatt Kaanapali 203 units BED & BREAKFAST: 43 UNITS (0.4%) 99 units 412 units Beach CONDOMINIUM HOTEL: 2,653 UNITS (31.5%) Sands of Kahana Noelani Condo Honua Kai Sheraton Maui Resort 131 units HOTEL: 3,600 UNITS (32.0%) 144 units Resort 51 units 628 units & Spa 508 units Marriott’s Maui Ocean TIMESHARE: 3,115 UNITS (24.5%) Kahana Beach Aston Mahana at Kaanapali Beach Hotel Club 459 units VACATION RENTAL: 2,453 UNITS (11.5%) Resort 84 units Kaanapalil Maui Kaanapali Villas 240 units 432 units Kaanapali Alii Resort OTHER: 20 (0.07%) Kahana Falls Resorts 201 units 193 units Westin Kaanapali The Westin Maui TOTAL: 11,884 UNITS* 130 units Aston at The Whaler Ocean Resort Villas Royal Lahaina Resort & Spa *All existing units in Lahaina trade area. Only 40 and higher units shown on the map. Source: DBEDT. 328 units 1,021 units Resort 438 units 759 units 2018 VISITOR PLANT INVENTORY Maui Trade Area Total 2019 DEMOGRAPHIC OVERVIEW - Units KAHANA GATEWAY S.C (2018) 1-mile 3-miles 5-miles Lahaina/Kaanapali/ 11,884 Napili/Kapalua Estimated Population 5,363 12,054 14,541 Wailea/Kihei 8,459 Estimated Households 2,393 5,030 6,075 Kahului/Wailuki 589 Average Household Size 2.2 2.4 2.4 Maalaea 221 Median Household Income $79,024 $77,033 $79,068 Hana 116 Median Age 40.7 40.9 42.0 Kula/Makawao 98 Total Housing Units 2,914 6,512 7,982 ValueRock Realty Partners is one of the nation’s leading real estate investment and operating companies.
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