March 26, 2019 - Trinity Real Estate (TRE), on behalf of a Seattle-based Family Office, is pleased to announce the recent acquisition of a multi-unit ocean front vacation rental building on the Hawaiian Island of Maui.
The property was originally built in 1980 and was fully renovated in 2008. This property contains a total of four 3-bedroom/3-bath units, each of which has ocean views, are fully furnished with modern luxury kitchens and high-end appliances. The building also includes gated parking with a private pool. The units come with a rental permit which can be difficult to obtain in this area. The recent renovations provide the opportunity for generations of families to enjoy vacations on the beach.
The property is located on the Hawaiian Island of Maui in the city of Kihei. The area is located within a short drive to Wailea, a high-end area populated with high end resorts and luxury shopping. The immediate beach is shallow and uncrowded which makes it perfect for swimming and relaxation. In addition, there is a small lawn in front of the property, making it a perfect destination for weddings.
“The acquisition of this property is reflective of our client’s desire to have a family vacation asset that will be ideal for their entire family for multiple generations while also generating investment income. The property’s vacation rental permit, ability to allow extended families to enjoy a private vacation and beach front location make this a once in a lifetime opportunity” commented Pete Stone, Managing Partner, Trinity Real Estate.
TRINITY REAL ESTATE
Trinity Real Estate provides comprehensive, personalized real estate services and investment strategy to West Coast family offices and institutional investors. TRE’s hands-on, high touch, and full-service approach has led to the management, development, and repositioning of more than $3 billion in assets since its founding in 2001. These assets span all sectors of the real estate market including office, industrial, multifamily, hospitality and mixed-use. TRE’s objective is to create, enhance, and preserve real estate assets that produce strong long-term returns for its clients.
TRINITY REAL ESTATE
Pete Stone | Managing Partner