Mixed-Use Industrial and Office
For Sale
$4,500,000
1960 E Industrial Dr, Wasilla, AK 99654
Two-story mixed-use building includes office/retail, a shop with an overhead door, and a second-floor apartment.
Property Size13,441 SF
Lot Size3.13 Acres
Price / SF$334.80
Days on Market212
Property Features for 1960 E Industrial Dr
General Information
Standard status
Active
Size
13,441 SF
Lot size
3.13 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Building Details
Year Built
1984
Stories
2
Construction
metal frame
Listing Agency:
Bond Filipenko Commercial Properties, LLC
Listed By:
Mark Filipenko · License #16113
(907) 343-9975
Source:
Griggrealty
Added: Mar 28
Changed: Oct 8
Last Checked: Oct 7 at 5:23PM
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 Bond Filipenko Commercial Properties, LLC
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Investment Insights
Based on property information with market context.
This three-parcel assemblage offers 13,441 SF of a highly versatile, two-story metal frame mixed-use building. The layout includes 3,041 SF of office/retail space, 7,359 SF of shop space with an overhead door, and a 3,041 SF second-floor apartment.
The property is positioned along Industrial Drive and provides clear visibility from the E Parks Hwy. It also includes 3.13 acres of paved commercial land.
The building’s combination of office/retail, shop, and residential space supports multiple operational configurations within a single assemblage.
The property is positioned along Industrial Drive and provides clear visibility from the E Parks Hwy. It also includes 3.13 acres of paved commercial land.
The building’s combination of office/retail, shop, and residential space supports multiple operational configurations within a single assemblage.
Key Highlights
- 13,441 SF two‑story metal frame mixed‑use building built in 1984
- Mixed layout includes 3,041 SF office/retail plus 7,359 SF shop space with an overhead door
- Second‑floor apartment included with 3,041 SF of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,260
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,745,200
$3.7M
Cap Rate 7%
$2,675,143
$2.7M
Cap Rate 9%
$2,080,667
$2.1M
Market Conditions
NOI Build-Up for 13,441 SF
Gross rent
$322.6K $24.00/SF
− Vacancy
−$72.9K −$5.42/SF
EGI
$249.7K $18.58/SF
− OpEx
−$62.4K −$4.64/SF
NOI
$187.3K $13.93/SF
Area
Matanuska-Susitna County, AK
Vacancy
22.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,745,200
Cap Rate 7%
$2,675,143
Cap Rate 9%
$2,080,667
Alternative Uses
Best Use
Office B
$2.68M
$2.34M – $3.12M
NOI $187,260 @ 7.0% cap · market cap 4.16%
Second Best
Flex RnD
$2.13M
$1.87M – $2.49M
NOI $149,397 @ 7.0% cap · market cap 3.32%
Theoretical Best
Multifamily LT 5
$99.37M
$86.95M – $115.93M
NOI $6,955,706 @ 7.0% cap · market cap 154.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Demographics for 99654, AK
40,726
Population
17,006
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
95%
High-School Grad
113.6 sq mi
ZIP Area
359
Density / Sq Mi
$93,739
Median Household Income
$53,748
Median Earnings
$1,233
Median Rent
$342,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - Two-story mixed-use building includes office/retail, a shop with an overhead door, and a second-floor apartment.
Where is this flex space located?
The property is located at 1960 E Industrial Dr Wasilla, AK.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 13,441 SF two‑story metal frame mixed‑use building built in 1984; Mixed layout includes 3,041 SF office/retail plus 7,359 SF shop space with an overhead door; Second‑floor apartment included with 3,041 SF of living space
