Class B Downtown Office
1016 W 6th Avenue Anchorage, AK 99501
New
1016 W 6th Avenue, Anchorage, AK, 99501
$6,700,000
For Sale
$6,700,000
Fully leased 4-story office building with tenant reserved parking and readily available on-street metered parking.
Property Size38,548 SF
Price / SF$173.81
Days on Market4
Property Features for 1016 W 6th Avenue
General Information
- Standard status
- Active
- Size
- 38,548 SF
Listing agency
(907) 283-3883
Listed by
Mossy Oak Properties of Alaska
(907) 283-3883
Source
Alaskalandguide.idxbroker
Added: Jul 20 Updated: Jul 21 at 4:13PM Checked: Jul 22 at 2:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mossy Oak Properties of Alaska
Investment Insights
Based on property information with market context.
This west Downtown Anchorage 4-story Class B office building, known as the Alaska Legal Center, contains 38,548 RSF and is fully leased. The tenant mix includes the Anchorage Chamber of Commerce, Alaska Legal Services, Axiom Data Science, and several law firms.
The building provides 101 on-site reserved tenant parking spaces. On-street metered parking is readily available for guests.
As a stabilized, income-producing office asset, the property’s existing lease occupancy supports continuity for an investor or buyer seeking a fully leased office building in Anchorage’s downtown area.
The building provides 101 on-site reserved tenant parking spaces. On-street metered parking is readily available for guests.
As a stabilized, income-producing office asset, the property’s existing lease occupancy supports continuity for an investor or buyer seeking a fully leased office building in Anchorage’s downtown area.
Key Highlights
- West Downtown Anchorage 4‑story class B office building known as the Alaska Legal Center
- 38,548 RSF office space is fully leased
- 101 on‑site reserved tenant parking spaces
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $809.5k | $21.00 |
| − Vacancy | −$178.1k | −$4.62 |
| EGI | $631.4k | $16.38 |
| − OpEx | −$157.9k | −$4.10 |
| NOI | $473.6k | $12.29 |
38,548 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.77M
$5.92M – $7.89M
NOI $473,562 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.47M
$9.16M – $12.21M
NOI $732,720 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aleknagik Technology, LLC
Corporate Office
Yukon Delta Fisheries ...
Take-out & Catering
Vocational Rehabilitation
Social Service Agency
Alaska Tribes
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully leased 4-story office building with tenant reserved parking and readily available on-street metered parking.
Where is this office building located?
The property is located at 1016 W 6th Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: West Downtown Anchorage 4‑story class B office building known as the Alaska Legal Center; 38,548 RSF office space is fully leased; 101 on‑site reserved tenant parking spaces
