Industrial Property with Warehouse
345 Boniface Pkwy Anchorage, AK 99504
For Sale
$2,225,000
Warehouse/shop space with office on 0.92 acres of industrial land.
Property Size12,776 SF
Lot Size0.92 Acres
Price / SF$174.15
Days on Market899
Property Features for 345 Boniface Pkwy
General Information
- Standard status
- Active
- Size
- 12,776 SF
- Lot size
- 0.92 Acres
Listing Agency:
Spire Commercial
(907) 231-0380
Listed By:
Ryan Schwalbe · License #17280
(907) 231-0380
Source:
Exprealty
Added: Feb 9, 2024
Changed: Jul 6
Last Checked: Jul 26 at 6:36PM
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 Spire Commercial
Investment Insights
Based on property information with market context.
The property features approximately 12,776 square feet of warehouse and shop space, complemented by around 500 square feet of office area. It is situated on a 40,196 square foot (0.92 acres) lot zoned I1: Light Industrial, providing ample yard space. The location benefits from high traffic volume, with an Average Annual Daily Traffic (AADT) of over 22,000 on Boniface Parkway and over 67,000 on the Glenn Highway. The warehouse portion includes a tall clear height box shop, a mezzanine, a showroom, and Quonset space. The property is equipped with six overhead doors, 3-phase electric power, and floor drains.
Key Highlights
- High traffic location: AADT of 22,000+ on Boniface and 67,000+ on Glenn Hwy.
- Large lot size: 40,196sf (0.92 acres) of I1 Light Industrial land with ample yard space.
- Extensive warehouse/shop space: Approximately 12,776sf.
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 | $268.3k | $21.00 |
| − Vacancy | −$59.0k | −$4.62 |
| EGI | $209.3k | $16.38 |
| − OpEx | −$52.3k | −$4.10 |
| NOI | $157.0k | $12.29 |
12,776 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.62M
NOI $156,953 @ 7.0% cap · market cap 7.05%
Second Best
Warehouse
$2.18M
$1.90M – $2.54M
NOI $152,306 @ 7.0% cap · market cap 6.85%
Theoretical Best
Specialty Retail
$3.47M
$3.04M – $4.05M
NOI $242,846 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alaska Gear & Transmission ...
Auto Repair Shop
FAQs
What type of property is this?
Warehouse - Warehouse/shop space with office on 0.92 acres of industrial land.
Where is this warehouse located?
The property is located at 345 Boniface Pkwy Anchorage, AK.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: High traffic location: AADT of 22,000+ on Boniface and 67,000+ on Glenn Hwy.; Large lot size: 40,196sf (0.92 acres) of I1 Light Industrial land with ample yard space.; Extensive warehouse/shop space: Approximately 12,776sf.
