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Waiale Business Park lots up for sale

In a tight industrial space market on Maui, 20 lots at the 31-acre Waiale Business Park at the corner of East Waiko Road and Kuihelani Highway in Central Maui currently are for sale.

The parcels, which range from 19,652 to 131,295 square feet, are being sold fee simple. Prices range from $25.13 to $35.87 per square foot, developer materials said.

Goodfellow Bros. developed the industrial park, which is managed by Goodfellow’s sister company Pacific Rim Land. The companies have developed and managed the Pulehunui Industrial Park near Puunene and the Lahaina Business Park.

The land is zoned M-1 light industrial and includes a private water system and sewer, electrical and drainage utilities.

Four lots already have been reserved.

A Colliers International 2018 commercial real estate report released earlier this year indicated a tight industrial space market with only a 1.3 percent vacancy rate and a severe warehouse shortage.

For more information, contact Charles Buckingham with Colliers International by phone at 870-1178 or email at charles.buckingham@colliers.com.