OFFERING SUMMARY
Well-built and maintained office building on a busy, dedicated road between the two largest communities in the fastest-growing borough (county) in Alaska. Superior access, visibility, traffic 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%
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
TRAFFIC COUNTS
12,014 Average Daily (2019)
NEIGHBORS
North of Highway
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Camper Valley RV (to east and west)
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Mat-Su Public Health Center
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U.S. Postal Service
South of Highway
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Fastenal
-
ARG Industrial
-
Ferguson Plumbing Supply
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North Bowl
