Built-to-Suit Medical Office
819 First Ave Fairbanks, AK 99701
For Sale
Contact for pricing
Pending
Two recently renovated medical buildings are 100% leased to a single urology practice in Downtown Fairbanks.
Days on Market106
Property Features for 819 First Ave
General Information
- Standard status
- Pending
- Property subtype
- Office
Listing Agency:
Kidder Mathews Seattle
(206) 398-2289
Listed By:
Tyler Nicholes · License #WA 127468
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 26 at 12:01PM
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 Kidder Mathews Seattle
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to offer for sale two recently renovated medical buildings in Fairbanks. Both facilities were built specifically to suit the needs of Fairbanks Urology, Northern Alaska’s urology and oncology provider. The buildings are available for sale individually or as a portfolio and are currently 100% leased to the practice, which is owned and backed by Integrated Oncology Network (ION).
The properties are located just under a mile apart in Downtown Fairbanks, at 819 1st Ave and 1211 Cushman St. The 1211 Cushman St building became occupied by the practice during an expansion in 2022, which included an extensive $3.85M renovation. That expansion aligned with a new ten-year lease commitment.
The 819 1st Ave property was supported by a ten-year lease executed in July of 2020. Both buildings are structured as NNN leases, with scheduled annual rent increases of 3%.
The properties are located just under a mile apart in Downtown Fairbanks, at 819 1st Ave and 1211 Cushman St. The 1211 Cushman St building became occupied by the practice during an expansion in 2022, which included an extensive $3.85M renovation. That expansion aligned with a new ten-year lease commitment.
The 819 1st Ave property was supported by a ten-year lease executed in July of 2020. Both buildings are structured as NNN leases, with scheduled annual rent increases of 3%.
Key Highlights
- Two recently renovated medical buildings in Downtown Fairbanks, offered individually or as a portfolio
- Both properties are 100% leased to a single Fairbanks Urology practice backed by Integrated Oncology Network (ION)
- 1211 Cushman St occupied by the practice in 2022 following a $3.85M+ renovation and related 10‑year lease commitment
Property Analytics
Location Intelligence
Current Use by Public Records
KCBF
Radio Station
New Northwest Broadcasters
Radio Station
Mojo Music Studios
Recording Studio
Fairbanks Grizzlies
Sports School
FAQs
What type of property is this?
Medical Office Space - Two recently renovated medical buildings are 100% leased to a single urology practice in Downtown Fairbanks.
Where is this medical office space located?
The property is located at 819 First Ave Fairbanks, AK.
What are key features of this property?
This property features: Two recently renovated medical buildings in Downtown Fairbanks, offered individually or as a portfolio; Both properties are 100% leased to a single Fairbanks Urology practice backed by Integrated Oncology Network (ION); 1211 Cushman St occupied by the practice in 2022 following a $3.85M+ renovation and related 10‑year lease commitment
