Listing Agency: Colliers - Anchorage, Alaska

Listed By: Jim Wood · License #AK

Source: Crexi

Added: Jul 21 Changed: Aug 14 Last Checked: Aug 30 at 3:02PM

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Investment Insights

Based on property information with market context.

This for-sale retail property is presented with a 9.79% CAP and totals 24,825 SF. The offering includes a suite designated as M89.

The property is located at 3101 Penland Parkway in Anchorage, AK 99508.

Key Highlights

• Retail property for sale with 24,825 SF
• Reported 9.79% cap rate

Property Analytics

Property Profile

Current Use

Burlington Clothing Store Baby Depot (Bike/Boat/Book/etc) Store Shockwave Trampoline Park Arcade & Gaming Center Pathology Associates Physician Hewitts Drug Store ... Pharmacy

Location Intelligence

Demographics for 99508, AK

34,394

Population

14,219

Households

2.4

Avg Household Size

34

Median Age

28%

College-Educated

91%

High-School Grad

7.1 sq mi

ZIP Area

4,844

Density / Sq Mi

$72,751

Median Household Income

$40,937

Median Earnings

$1,353

Median Rent

$309,400

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - For-sale retail asset yielding a 9.79% CAP with 24,825 SF.

Where is this retail space located?

The property is located at 3101 Penland Parkway Suite M89 Anchorage, AK.

What are key features of this property?

This property features: Retail property for sale with 24,825 SF; Reported 9.79% cap rate