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SUMMARY

OFFERING SUMMARY

Well-built and maintained o•ffice building on a busy, dedicated road between the two largest communities in the fastest-growing borough (county) in Alaska. Superior access, visibility, tra•ffic counts. Strong, clean tenant roster. The tenants are paying market rent. Recent exit by a below-market paying tenant allows for an owner-occupying and managing buyer. Investment grade as well: 8.20% capitalization rate.

List Price:
$2,300,000

Cap Rate:
8.2%

photos_web_resolution_03_3161_Palmer_Wasilla_Hwy.jpg

key location

Great visibility. On the road between the two biggest communities in the Mat-Su Borough.

GREAT TENANTS

Buyer to inherit stellar management of the asset and its tenant roster.

solid building

Little if any deferred maintenance.

regional growth

Alaska is experiencing a growth spurt relative to time, place, geography, infrastructure spending, national security, climate, resources, and geo-political reasons, and the Mat-Su Valley area is growing the fastest!

GREAT INVESTMENT

Good cash flow leads to good underwriting and financing. Low Downside Risk. 

CAP RATE: 8.2%

LOCATION

LOCATION

 

TRAFFIC COUNTS

12,014 Average Daily (2019)

NEIGHBORS

North of Highway

  • Camper Valley RV (to east and west)

  • Mat-Su Public Health Center

  • U.S. Postal Service

South of Highway

  • Fastenal

  • ARG Industrial

  • Ferguson Plumbing Supply

  • North Bowl

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