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500 W Intl Airport Road, Anchorage, AK

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500 W Intl Airport Road

Anchorage, AK 99518-1175 - W Tudor/Dimond-15 Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:-
Stories:2 Typical Floor:10,800 SF Building Size:10,800 SF
For Sale Price:$1,390,000 Price/SF:$128.70
Cap Rate:-

Sale Notes:
Capitalization Rate 3.67%

- 10,834 SF GBA commercial office building on 0.86 acres
-Primarily a two-story office building (no elevator) with a sin-gle story “meeting hall” component in back with an open, very flexible, floorplan (see floorplans page 4). A portion was high ceiling warehouse, but a drop ceiling was installed which could be reconverted, or a second floor added to gain approx. 1,680 RSF.
- A portion of the property is occupied by the Anchorage Police Department Employee Association (APDEA), the remainder is occupied by medical and general office users.
- APDEA is planning on vacating upon a sale leaving approxi-mately 2,800 SF for an owner/user. They may consider a lease-back depending on terms.
- 37,500 SF paved, partially fenced lot with over 60 parking spaces.
-Zoned I-1, light industrial.
-Price: $1.39M

- Gross income based on existing leases and market rates applied to APDEA space
- GBA measured by Licensee, to be verified by any interested party
- Total RSF calculated by Licensee and to be verified by any interested party
- Utilities provided by owner
- Snow Removal / Sanding provided by owner
- Insurace provided by owner
- Management expense of 4% used
- Maintenance allowance of $0.75/SF is provided
- Janitorial amount provided by owner
- 2016 Taxes taken from MOA

Jack White Commercial
Andrew Ingram
(907) 762-5877

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