Building Details

Year Built 1979

Tenancy Multi

Listing Agency: Bond Filipenko Commercial Properties, LLC

Listed By: Mark Filipenko · License #16113 Show Phone

Source: Bktanchorage

Added: Apr 10 Changed: Oct 9 Last Checked: Oct 7 at 2:10PM

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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.

The Alaska Air Cargo Center is a distribution-focused industrial complex leased to nine regional and national companies serving air freight forwarding and related operations. The tenant roster includes TSA, UPS, and Alaska Air, along with several others. The building is noted with a current NOI of approximately $950,000, and the offering references a 10% cap rate.

The complex is located on West 50th Avenue immediately adjacent to Anchorage International Airport, supporting its airport-proximate logistics role.

This is a for-sale opportunity for buyers seeking exposure to an income-producing air cargo business center with multiple operating tenants.

Key Highlights

• Air cargo center complex adjacent to Anchorage International Airport on West 50th Avenue
• Leased to nine (9) regional and national companies focused on air freight forwarding and related businesses
• Tenants include TSA, UPS, and Alaska Air, along with several others

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$873,053

Cap Rate

5.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$17,461,060 $17.5M

Cap Rate 7%

$12,472,186 $12.5M

Cap Rate 9%

$9,700,589 $9.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 73,235 SF

Gross rent

$1.10M $15.00/SF

− Vacancy

−$71.4K −$0.98/SF

EGI

$1.03M $14.03/SF

− OpEx

−$154.1K −$2.10/SF

NOI

$873.1K $11.92/SF

Area

Anchorage, AK

Vacancy

6.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$17,461,060

Cap Rate 7%

$12,472,186

Cap Rate 9%

$9,700,589

Alternative Uses

Best Use

Warehouse

$12.47M

$10.91M – $14.55M (±1% cap)

NOI $873,053 @ 7.0% cap · market cap 5.91%

Second Best

Industrial

$11.03M

$9.65M – $12.87M (±1% cap)

NOI $772,351 @ 7.0% cap · market cap 5.23%

Theoretical Best

Specialty Retail

$19.89M

$17.40M – $23.20M (±1% cap)

NOI $1,392,051 @ 7.0% cap · market cap 9.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

TSA Federal Government Office DB Schenker USA Freight Service UPS Supply Chain ... Freight Service US Civil Aviation ... Federal Courthouse Kalitta Air General Contractor

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Demographics for 99502, AK

24,183

Population

9,931

Households

2.4

Avg Household Size

37

Median Age

37%

College-Educated

96%

High-School Grad

17.6 sq mi

ZIP Area

1,374

Density / Sq Mi

$118,494

Median Household Income

$56,190

Median Earnings

$1,661

Median Rent

$408,000

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Leased distribution center adjacent to Anchorage International Airport, operating for air freight forwarding and related businesses.

Where is this distribution center located?

The property is located at 4000 W 50th Ave Anchorage, AK.

What is the asking price?

The asking price for this property is $14,772,389.

What are key features of this property?

This property features: Air cargo center complex adjacent to Anchorage International Airport on West 50th Avenue; Leased to nine (9) regional and national companies focused on air freight forwarding and related businesses; Tenants include TSA, UPS, and Alaska Air, along with several others