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    Industrial Property with Warehouse Space Title is generated by Realmo AI

    345 Boniface Pkwy, Anchorage, AK 99504

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    For Sale
    $2,225,000

    Warehouse/shop space with office on 0.92 acres of industrial land.

    Property size:
    12,776 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $174/SF
    Added:
    Feb 9, 2024
    Days on Market:
    853
    Last Refresh:
    Jan 20 at 7:59 am

    Property Features for 345 Boniface Pkwy

    General Information

    Standard status
    Active
    Size
    12,776 SF
    Lot size
    0.92 Acres

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    Listing Contact
    Hugh J. Wade
    Hugh J. Wade

    Listing agent Hugh J. Wade License #17280

    Listing office Spire Commercial

    Listing date Feb 9, 2024

    Source Exprealty

    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 Spire Commercial

    HighLights

    • High traffic location: AADT of 22,000+ on Boniface and 67,000+ on Glenn Hwy.
    • Large lot size: 40,196sf (0.92 acres) of I1 Light Industrial land with ample yard space.
    • Extensive warehouse/shop space: Approximately 12,776sf.
    • Six overhead doors for easy access and logistics.
    • 3‑Phase electric power suitable for industrial equipment.
    • Versatile warehouse space: Includes tall clear height box shop, quality mezzanine, showroom, and Quonset space.

    Overview

    The property features approximately 12,776 square feet of warehouse and shop space, complemented by around 500 square feet of office area. It is situated on a 40,196 square foot (0.92 acres) lot zoned I1: Light Industrial, providing ample yard space. The location benefits from high traffic volume, with an Average Annual Daily Traffic (AADT) of over 22,000 on Boniface Parkway and over 67,000 on the Glenn Highway. The warehouse portion includes a tall clear height box shop, a mezzanine, a showroom, and Quonset space. The property is equipped with six overhead doors, 3-phase electric power, and floor drains.

    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 $268.3k $21.00
    − Vacancy −$59.0k −$4.62
    EGI $209.3k $16.38
    − OpEx −$52.3k −$4.10
    NOI $157.0k $12.29
    12,776 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.24M
    $1.96M – $2.62M (±1% cap)
    NOI $156,953 @ 7.0% cap · market cap 7.05%
    Second Best
    Warehouse
    $2.18M
    $1.90M – $2.54M (±1% cap)
    NOI $152,306 @ 7.0% cap · market cap 6.85%
    Theoretical Best
    Specialty Retail
    $3.47M
    $3.04M – $4.05M (±1% cap)
    NOI $242,846 @ 7.0% cap · market cap 10.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alaska Gear & Transmission ... Auto Repair Shop

    Map

    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.778
    Latitude
    61.2199

    FAQs

    What type of property is this?
    Warehouse - Warehouse/shop space with office on 0.92 acres of industrial land.
    Where is this warehouse located?
    The property is located at 345 Boniface Pkwy Anchorage, AK.
    What is the asking price?
    The asking price for this property is $2,225,000.
    What are key features of this property?
    This property features: High traffic location: AADT of 22,000+ on Boniface and 67,000+ on Glenn Hwy.; Large lot size: 40,196sf (0.92 acres) of I1 Light Industrial land with ample yard space.; Extensive warehouse/shop space: Approximately 12,776sf.
    More about this property
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