Office and Light Manufacturing
For Sale
$2,350,000
139 E 51st Ave, Anchorage, AK 99503
Leased building with updated interiors, suitable for offices and manufacturing.
Property Size10,952 SF
Price / SF$214.57
Days on Market255
Property Features for 139 E 51st Ave
General Information
Standard status
Active
Size
10,952 SF
Building Details
Year Built
1981
Listing Agency:
Colliers International
Listed By:
Elisha Martin, Cason Martin
(907) 561-5155
Source:
Griggrealty
Added: Jan 26
Changed: Sep 24
Last Checked: Oct 7 at 12:54PM
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 Colliers International
Investment Insights
Based on property information with market context.
This property, offered for sale, is currently leased to Convergint. The building features updated interior finishes, LED lighting, HVAC, sprinklers, controls, and security systems. The layout includes both office spaces and a light manufacturing area, with one overhead door. An Offering Memorandum is available upon execution of a Non-Disclosure Agreement.
Key Highlights
- Leased to Convergint, providing immediate income.
- Updated interior finishes throughout.
- Includes both office and light manufacturing space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,545
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,690,900
$2.7M
Cap Rate 7%
$1,922,071
$1.9M
Cap Rate 9%
$1,494,944
$1.5M
Market Conditions
NOI Build-Up for 10,952 SF
Gross rent
$230.0K $21.00/SF
− Vacancy
−$50.6K −$4.62/SF
EGI
$179.4K $16.38/SF
− OpEx
−$44.8K −$4.10/SF
NOI
$134.5K $12.29/SF
Area
Anchorage, AK
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,690,900
Cap Rate 7%
$1,922,071
Cap Rate 9%
$1,494,944
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,545 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$1.65M
$1.44M – $1.93M
NOI $115,502 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$2.97M
$2.60M – $3.47M
NOI $208,176 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 99503, AK
13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Leased building with updated interiors, suitable for offices and manufacturing.
Where is this office units located?
The property is located at 139 E 51st Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Leased to Convergint, providing immediate income.; Updated interior finishes throughout.; Includes both office and light manufacturing space.
