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Multi-tenant Industrial Campus with Rail Spurs
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399 Helmericks Avenue, Fairbanks, AK 99701

Four buildings total warehouse, shop, and office space with overhead doors, fenced yard, and rail spurs.

Property Size68,325 SF
Lot Size6.17 Acres
Price / SF$92.21
Days on Market55

Property Features for 399 Helmericks Avenue

General Information

Standard status Active
Size 68,325 SF
Class B
Total Parking Spaces 50
Lot size 6.17 Acres
Property subtype Office, Industrial, Mixed Use
Zoning GU-1 — General Use
Occupancy 62%
Investment Type Value Add
Net Operating Income $607,694

Site & Location

Highway Access Yes
Road Access Yes
Fenced Yard Yes

Building Details

Year Built 1970
Year Renovated 2018
Buildings 4
Tenancy Multi
Listing Agency: Jack White Commercial
Listed By: Andrew Ingram · License #AK17954
Source: Crexi
Added: Jun 18 Changed: Aug 10 Last Checked: Aug 11 at 12:23PM

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 Jack White Commercial

Investment Insights

Based on property information with market context.

399 Helmericks Avenue is a stabilized, multi-tenant industrial campus consisting of four buildings totaling approximately 68,325 square feet of warehouse, shop, and office space on an assembled 6.17-acre site. The facility includes 39 overhead doors and a fenced yard, supporting a range of industrial and service uses. Originally built as a bus maintenance and storage facility, the campus was acquired by Ofd LLC in late 2023 and has undergone substantial capital improvements, including new roofs on two warehouse buildings, site-wide natural gas conversion, concrete floor replacement, new restrooms in Buildings B and C, and ongoing infrastructure upgrades. Nine tenants are currently active across auto repair, recreation, expedition services, sign fabrication, and professional office.

The property sits adjacent to Alaska Railroad Corporation right-of-way with active rail spurs along the south boundary. Helmericks Avenue provides direct paved access with approximately 380 feet of frontage, connecting to the Steese Highway approximately one mile to the west.

For buyers or operators, this is a functional owner-occupier platform or a multi-tenant investment opportunity, with a diversified rent roll and approximately 34,600 square feet of immediately available space. The mix of warehouse, shop, and office components, along with overhead door count and fenced yard area, is well suited to tenants needing both operational space and supporting office functions.

Key Highlights

  • Multi‑tenant industrial campus on a 6.17‑acre site with four buildings totaling approximately 68,325 SF
  • Includes 39 overhead doors plus a fenced yard for loading, storage, and industrial operations
  • Nine active tenants across auto repair, recreation, expedition services, sign fabrication, and professional office

Property Analytics

Current Use

Jewel Isaac, LLC Construction Company

Lease Details

Yes
Fenced yard
Yes
Highway access
Yes
Paved road access

Location Intelligence

Demographics for 99701, AK

18,357
Population
8,757
Households
2.1
Avg Household Size
34
Median Age
25%
College-Educated
93%
High-School Grad
545.2 sq mi
ZIP Area
34
Density / Sq Mi
$73,551
Median Household Income
$41,782
Median Earnings
$1,233
Median Rent
$235,300
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Four buildings total warehouse, shop, and office space with overhead doors, fenced yard, and rail spurs.
Where is this flex space located?
The property is located at 399 Helmericks Avenue Fairbanks, AK.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Multi‑tenant industrial campus on a 6.17‑acre site with four buildings totaling approximately 68,325 SF; Includes 39 overhead doors plus a fenced yard for loading, storage, and industrial operations; Nine active tenants across auto repair, recreation, expedition services, sign fabrication, and professional office
(907) 479-7000 Call to check price and availability
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