Mixed-Use Industrial and Office
1960 E Industrial Dr Wasilla, AK 99654
For Sale
Contact for pricing
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$371
Days on Market121
Property Features for 1960 E Industrial Dr
General Information
- Standard status
- Active
- Size
- 13,441 SF
- Lot size
- 3.13 Acres
- Property subtype
- Industrial, Mixed Use, Office, Retail
Building Details
- Year Built
- 1984
Listing Agency:
Bond Filipenko Commercial Properties LLC
(907) 792-5555
Listed By:
Mark Filipenko · License #AK 16113
Source:
Crexi
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 24 at 6:40AM
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 Bond Filipenko Commercial Properties LLC
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $322.6k | $24.00 |
| − Vacancy | −$72.9k | −$5.42 |
| EGI | $249.7k | $18.58 |
| − OpEx | −$62.4k | −$4.64 |
| NOI | $187.3k | $13.93 |
13,441 SF · lease $24.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.68M
$2.34M – $3.12M
NOI $187,260 @ 7.0% cap · market cap 3.75%
Second Best
Retail
$2.32M
$2.03M – $2.70M
NOI $162,244 @ 7.0% cap · market cap 3.24%
Theoretical Best
Multifamily LT 5
$99.37M
$86.95M – $115.93M
NOI $6,955,706 @ 7.0% cap · market cap 139.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Affordable Used Cars ...
Car Dealership
Magnum Motors
Car Dealership
FAQs
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 $5,000,000.
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
