Built-to-Suit Medical Office
For Sale
Contact for pricing
Pending
819 First Ave, Fairbanks, AK 99701
Two recently renovated medical buildings are 100% leased to a single urology practice in Downtown Fairbanks.
Property SizeContact for details
Days on Market123
Property Features for 819 First Ave
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Building Details
Tenancy
Single
Listing Agency:
Kidder Mathews Seattle
(206) 398-2289
Listed By:
Tyler Nicholes · License #WA 127468
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 12 at 8:41AM
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 Kidder Mathews Seattle
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to offer for sale two recently renovated medical buildings in Fairbanks. Both facilities were built specifically to suit the needs of Fairbanks Urology, Northern Alaska’s urology and oncology provider. The buildings are available for sale individually or as a portfolio and are currently 100% leased to the practice, which is owned and backed by Integrated Oncology Network (ION).
The properties are located just under a mile apart in Downtown Fairbanks, at 819 1st Ave and 1211 Cushman St. The 1211 Cushman St building became occupied by the practice during an expansion in 2022, which included an extensive $3.85M renovation. That expansion aligned with a new ten-year lease commitment.
The 819 1st Ave property was supported by a ten-year lease executed in July of 2020. Both buildings are structured as NNN leases, with scheduled annual rent increases of 3%.
The properties are located just under a mile apart in Downtown Fairbanks, at 819 1st Ave and 1211 Cushman St. The 1211 Cushman St building became occupied by the practice during an expansion in 2022, which included an extensive $3.85M renovation. That expansion aligned with a new ten-year lease commitment.
The 819 1st Ave property was supported by a ten-year lease executed in July of 2020. Both buildings are structured as NNN leases, with scheduled annual rent increases of 3%.
Key Highlights
- Two recently renovated medical buildings in Downtown Fairbanks, offered individually or as a portfolio
- Both properties are 100% leased to a single Fairbanks Urology practice backed by Integrated Oncology Network (ION)
- 1211 Cushman St occupied by the practice in 2022 following a $3.85M+ renovation and related 10‑year lease commitment
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Demographics for 99701, AK
18,357
Population
8,757
Households
2.1
Avg Household Size
34
Median Age
25%
College-Educated
93%
High-School Grad
545.2 sq mi
ZIP Area
34
Density / Sq Mi
$73,551
Median Household Income
$41,782
Median Earnings
$1,233
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two recently renovated medical buildings are 100% leased to a single urology practice in Downtown Fairbanks.
Where is this medical office space located?
The property is located at 819 First Ave Fairbanks, AK.
What are key features of this property?
This property features: Two recently renovated medical buildings in Downtown Fairbanks, offered individually or as a portfolio; Both properties are 100% leased to a single Fairbanks Urology practice backed by Integrated Oncology Network (ION); 1211 Cushman St occupied by the practice in 2022 following a $3.85M+ renovation and related 10‑year lease commitment
