Fully Leased Warehouse
43210 Kenai Spur Hwy, Kenai, AK 99611
For Sale
$2,100,000
Two leased warehouse units with overhead doors, heated space, covered storage, and yard area.
Property Size14,462 SF
Price / SF$145.21
Days on Market143
Property Features for 43210 Kenai Spur Hwy
General Information
Standard status
Size
Occupancy
Additional Details
Cap Rate
Drive-In Doors
Building Details
Tenancy
Listing Agency:
Debenham Real Estate, LLC
Listed By:
Shaun T Debenham
(907) 562-9330
Source:
Kachemakgrouprealestate
Added: Jun 21
Changed: Oct 25
Last Checked: Oct 7 at 1:59PM
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 Debenham Real Estate, LLC
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Investment Insights
Based on property information with market context.
This for-sale warehouse property is configured as two leased units, each with two overhead doors. The buildings provide heated warehouse space along with covered storage and access to a storage yard, supporting a range of warehousing and light distribution needs. The roof was newly installed this year.
The property is located at 43210 Kenai Spur Hwy in Kenai, Alaska. It is currently fully leased to two national tenants, which helps establish an income-generating operating profile for an owner-operator or investor.
For tenants and buyers seeking straightforward warehouse functionality, the combination of multiple overhead doors, heated warehouse space, and both covered and yard storage offers flexibility for deliveries, staging, and day-to-day storage requirements. Investors benefit from the property’s current occupancy by two national tenants and the recent roof replacement, which can reduce near-term building exterior risk.
The property is located at 43210 Kenai Spur Hwy in Kenai, Alaska. It is currently fully leased to two national tenants, which helps establish an income-generating operating profile for an owner-operator or investor.
For tenants and buyers seeking straightforward warehouse functionality, the combination of multiple overhead doors, heated warehouse space, and both covered and yard storage offers flexibility for deliveries, staging, and day-to-day storage requirements. Investors benefit from the property’s current occupancy by two national tenants and the recent roof replacement, which can reduce near-term building exterior risk.
Key Highlights
- Two fully leased warehouse units to two national tenants
- Each unit includes two overhead doors
- Heated warehouse space plus covered storage for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,610
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,200
$2.2M
Cap Rate 7%
$1,551,571
$1.6M
Cap Rate 9%
$1,206,778
$1.2M
Market Conditions
NOI Build-Up for 14,462 SF
Gross rent
$137.1K $9.48/SF
− Vacancy
−$9.3K −$0.64/SF
EGI
$127.8K $8.84/SF
− OpEx
−$19.2K −$1.33/SF
NOI
$108.6K $7.51/SF
Area
Kenai Peninsula County, AK
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,200
Cap Rate 7%
$1,551,571
Cap Rate 9%
$1,206,778
Alternative Uses
Best Use
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,610 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.71M – $4.94M
NOI $296,413 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Demographics for 99611, AK
15,827
Population
7,130
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
94%
High-School Grad
526.8 sq mi
ZIP Area
30
Density / Sq Mi
$69,816
Median Household Income
$47,259
Median Earnings
$1,108
Median Rent
$279,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Kenai Peninsula County, AK
Properties on Market for Warehouses in Kenai Peninsula County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Two leased warehouse units with overhead doors, heated space, covered storage, and yard area.
Where is this warehouse located?
The property is located at 43210 Kenai Spur Hwy Kenai, AK.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two fully leased warehouse units to two national tenants; Each unit includes two overhead doors; Heated warehouse space plus covered storage for both units
