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7031 Arctic Blvd

16,954 SF Retail Building Anchorage, AK 99518 $2,950,000 ($174/SF) 10.80% Cap Rate

Executive Summary

16,954 Sq. Ft. office warehouse, situated on .61 acres of I1 (light industrial) zoned land, for sale in midtown Anchorage. Sale price of $2,950,000 ($174/Sq. Ft.). Perfect investment opportunity with a 10.8% caprate. The property is being leased by a well established, long-term tenant that is currently operating multiple locations throughout Anchorage. The existing lease goes until 2030.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
16,954 SF
Year Built
1975
Price
$2,950,000
Price Per SF
$174
Cap Rate
10.80%
NOI
$318,600
Tenancy
Single
Building Height
2 Stories
Building FAR
0.63
Land Acres
0.61 AC
Zoning
I1 - I1 - Light Industrial
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01210132000
Land Assessment
$384,000
Improvements Assessment
$1,101,700
Total Assessment
$1,485,700
  • Listing ID: 32380817

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 7031 Arctic Blvd, Anchorage, AK 99518

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