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590 University Avenue - Attorney's Plaza, Fairbanks, AK

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590 University Avenue - Attorney's Plaza

Fairbanks, AK 99709-3641

Property Type:Office Sub Type:- Status:Existing Year Built:1982
Stories:2 Typical Floor:11,494 SF Building Size:22,989 SF
For Sale Price:$1,450,000 Price/SF:$63.07
Cap Rate:5.79 %

Sale Notes:
A landmark Fairbanks property on University Avenue, an extremely well built building in a professional area between Airport Way and College Road on University Avenue. This is an opportunity to own one of the better buildings in Fairbanks. Built in 1982 for the present owners as a home for their law firm. It now houses the University of Alaska, GSA, Soil & Water Conservation, Biestline Construction, an accounting firm, and a professor. It is 100% occupied. The bathrooms are tiled to the ceiling, there are showers in both in the basement bathrooms. The entire building has a sprinkler system. An elevator was added a few years ago to accommodate access for handicapped persons.A local contractor was involved in a portion of the original construction. He maintains an office in the building and has performed on site repairs and maintenance it since it was new. He is a wealth of information. The property manager has been involved since the construction and has all the operating cost and as well as is versed in all aspects of the management, contracts and operations. There are a full set of blue prints available at the listing brokers office.Nine-tenth of the acre is paved.
Going west on Airport Way, turn right on University Avenue, about half a mile. The building/property is on the left .

Alaska Commercial Properties, Inc.
Pamela D Throop
(907) 456-6008

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