Erik D Swanson - Commercial Real Estate Showcase

Erik D Swanson Property Listings
Associate Vice President
Kidder Mathews
601 Union St
Suite 4915,4720
Seattle, WA 98101-2341
(206) 296-9628
(206) 296-9629

Erik specializes in the sale of multi-tenant commercial assets throughout the state of
Washington. Prior to joining Kidder Mathews, Erik worked in the... More
Erik specializes in the sale of multi-tenant commercial assets throughout the state of
Washington. Prior to joining Kidder Mathews, Erik worked in the Seattle office of Marcus
& Millichap, where he earned several top selling agent awards and received the prestigious
National Achievement Award in his first year.
B.A., Communications, Washington State University
Since 2005, Erik has listed and sold multi-tenant commercial investment properties totaling
over $75 million dollars. A brief summary of some of these transactions follows:
• $5,716,667 – Maple Valley Center in Maple Valley, Washington
• $5,265,000 – Bowlero Square in Lakewood, Washington
• $5,000,000 – Composite Solutions Industrial in Auburn, Washington
• $1,725,000 – Anderson Building in Shoreline, Washington
• $1,700,000 – The 513 Building in Seattle, Washington
• Member of the Commercial Brokers Association (CBA)
• Member of International Council of Shopping Centers (ICSC)
Alzheimer’s Association –Tasteful Evening Committee Less 
3027 Airport Way - Value Village

Fairbanks, AK 99709-4753

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1992
Building Size:20,750 SF Land Area:1.83 AC (79,588 SF)
For Sale Price:$2,738,000 Price/SF:$131.95
Cap Rate:5.70 %

Sale Notes:
"Value Village is a 20,750 square foot single tenant investment property located in Fairbanks, Alaska.

The property is located just off Airport Way which is a major east-west retail thoroughfare that leads from Fairbanks International Airport (PAFA) to Ladd Army Airfield (PAFB).

The subject property benefits from its proximity to other retailers including Safeway, Sears, Starbucks, and O'Reilly Auto Parts. Traffic counts on Airport Way are in excess of 23,000 vehicles per day.

This is an excellent opportunity for an investor seeking a hands-off investment leased to a national tenant. Value Village has occupied the property since 1998. The current lease term ends in July 2023. The tenant has 2 remaining 5-year options at fair market value. During the economic recession the lease was re-negotiated down from $13.50/SF to the current $7.52/SF. At lease renewal, the new owner will have the opportunity to substantially raise the rent to fair market rents and increase the return.

Kidder Mathews
Erik D Swanson
(206) 296-9628

Mike King
(206) 296-9600

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">3027 Airport Way - Value Village, Fairbanks, AK - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234