Multi-Tenant Office
1400 W Benson Boulevard, Anchorage, AK 99503
For Sale
$16,000,000
The office property is fully occupied and zoned B3 - General Business.
Property Size75,209 SF
Price / SF$212.74
Days on Market159
Property Features for 1400 W Benson Boulevard
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Jack White Commercial
Listed By:
Carl D Kuhn
(907) 563-5500
Source:
Kodiakislandrealestate
Added: Jun 1
Changed: Oct 29
Last Checked: Nov 6 at 3:40AM
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 Jack White Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 75,209-square-foot office building was constructed in 1985 and is described as Class A. It is fully occupied and configured for multiple tenants.
At 1400 W Benson Boulevard in Anchorage, the property sits in the Midtown business corridor. Its zoning is B3 - General Business.
At 1400 W Benson Boulevard in Anchorage, the property sits in the Midtown business corridor. Its zoning is B3 - General Business.
Key Highlights
- 75,209‑square‑foot office building
- Fully occupied, multi‑tenant office asset
- Class A property built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$923,943
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,478,860
$18.5M
Cap Rate 7%
$13,199,186
$13.2M
Cap Rate 9%
$10,266,033
$10.3M
Market Conditions
NOI Build-Up for 75,209 SF
Gross rent
$1.58M $21.00/SF
− Vacancy
−$347.5K −$4.62/SF
EGI
$1.23M $16.38/SF
− OpEx
−$308.0K −$4.10/SF
NOI
$923.9K $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%
$18,478,860
Cap Rate 7%
$13,199,186
Cap Rate 9%
$10,266,033
Alternative Uses
Best Use
Office B
$13.20M
$11.55M – $15.40M
NOI $923,943 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.42M
$17.87M – $23.83M
NOI $1,429,573 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
$316,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Anchorage, AK
Properties on Market for Office buildings in Anchorage
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The office property is fully occupied and zoned B3 - General Business.
Where is this office building located?
The property is located at 1400 W Benson Boulevard Anchorage, AK.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 75,209‑square‑foot office building; Fully occupied, multi‑tenant office asset; Class A property built in 1985
