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3161 Palmer-Wasilla Hwy Wasilla, AK 99654

Sponsored
For Sale
$2,200,000

13,800 SF Medical Building, 8.2% Cap Rate

Property size:
13,800 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional mixed-use medical building, totaling 13,800 square feet, presents a compelling investment opportunity in Wasilla, Alaska. Situated on a substantial 68,448 square foot lot at 3161 E Palmer-Wasilla Hwy, 99654, this single-story, 1975-built property boasts high visibility and convenient access to Palmer and Wasilla. Currently housing four tenants with 60% occupancy as of May 1, 2024, approximately 5,500 square feet is available for owner-occupancy. The property offers a strong pro-forma cap rate of 8.20%, making it attractive to both owner-users and investors. The asking price is $2,200,000, translating to $159.42 per square foot. The property is fee simple ownership, with no ground lease. The building is unzoned (UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston), and features six units within a single building. Minimal deferred maintenance is reported. This prime location on the busy Palmer-Wasilla Highway ensures high traffic and visibility, providing excellent potential for growth and return on investment. The property is located outside Wasilla city limits.

Property Features for 3161 Palmer-Wasilla Hwy

General Information

Property type
Medical space
Square Feet
13,800 SF

Building Details

Year Built
1975
Buildings
1
Stories
1
Units
6

HighLights

  • 13,800 SF mixed‑use building on a 68,448 SF lot.
  • Excellent Palmer‑Wasilla Highway location offering high visibility and easy access.
  • Strong tenant roster (4 tenants) with approximately 5,500 SF available for owner‑occupancy.
  • 8.2% pro‑forma cap rate.
  • Minimal deferred maintenance.
  • Located outside Wasilla city limits.
Property Profile Location Intelligence

Current Use by Public Records

Medical space

Map

City
Wasilla
County
Matanuska-Susitna
State
Alaska
Longitude
-149.37117528794
Latitude
61.585119897414

FAQs

What type of property is this?
Medical space - 13,800 SF Medical Building, 8.2% Cap Rate
Where is this medical space located?
The property is located at 3161 Palmer-Wasilla Hwy Wasilla, AK.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 13,800 SF mixed-use building on a 68,448 SF lot.; Excellent Palmer-Wasilla Highway location offering high visibility and easy access.; Strong tenant roster (4 tenants) with approximately 5,500 SF available for owner-occupancy.
More about this property
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