Industrial Property with Warehouse/Shop
For Sale
$2,225,000
345 Boniface Pkwy, Anchorage, AK 99504
Warehouse/shop space with office on industrial land with yard.
Property Size13,276 SF
Lot Size0.92 Acres
Price / SF$167.60
Days on Market214
Property Features for 345 Boniface Pkwy
General Information
Standard status
Active
Size
13,276 SF
Lot size
0.92 Acres
Site & Location
Neighborhood
Northeast
Building Details
Year Built
1965
Listing Agency:
Spire Commercial
Listed By:
Ryan Schwalbe · License #194501
(907) 231-0380
Source:
Bktanchorage
Added: Mar 26
Changed: Oct 14
Last Checked: Oct 7 at 5:01PM
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
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Investment Insights
Based on property information with market context.
The property features approximately 12,776 square feet of warehouse/shop space and approximately 500 square feet of office space. It is situated on a 40,196 square foot (0.92 acres) lot zoned I1: Light Industrial, offering a sizable yard. The location benefits from high traffic volume, with an Average Annual Daily Traffic (AADT) of over 22,000 on Boniface Parkway and 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
- Large 0.92 acre lot of I1 Light Industrial land
- Substantial 12,776sf warehouse/shop space
- High traffic location with AADT of 22,000+ on Boniface and 67,000+ on the Glenn Hwy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,096
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,261,920
$3.3M
Cap Rate 7%
$2,329,943
$2.3M
Cap Rate 9%
$1,812,178
$1.8M
Market Conditions
NOI Build-Up for 13,276 SF
Gross rent
$278.8K $21.00/SF
− Vacancy
−$61.3K −$4.62/SF
EGI
$217.5K $16.38/SF
− OpEx
−$54.4K −$4.10/SF
NOI
$163.1K $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%
$3,261,920
Cap Rate 7%
$2,329,943
Cap Rate 9%
$1,812,178
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $163,096 @ 7.0% cap · market cap 7.33%
Second Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,267 @ 7.0% cap · market cap 7.11%
Theoretical Best
Specialty Retail
$3.60M
$3.15M – $4.21M
NOI $252,350 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 99504, AK
42,375
Population
17,720
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
1,151
Density / Sq Mi
$83,338
Median Household Income
$46,883
Median Earnings
$1,529
Median Rent
$309,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse/shop space with office on industrial land with yard.
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: Large 0.92 acre lot of I1 Light Industrial land; Substantial 12,776sf warehouse/shop space; High traffic location with AADT of 22,000+ on Boniface and 67,000+ on the Glenn Hwy
