Industrial Property with Warehouse/Shop
345 Boniface Pkwy Anchorage, AK 99504
345 Boniface Pkwy, Anchorage, AK, 99504
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For Sale
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Warehouse/shop space with office on industrial land with yard.
Property Size13,276 SF
Lot Size0.92 Acres
Price / SF$167.60
Days on Market893
Property Features for 345 Boniface Pkwy
General Information
- Standard status
- Active
- Size
- 13,276 SF
- Lot size
- 0.92 Acres
- Property subtype
- Industrial
Listing agency
SPIRE COMMERCIAL
(907) 230-1523
Listed by
Hugh Wade · License #AK 17280
Source
Crexi
Added: Feb 9, 2024 Updated: Jul 6 at 7:48AM Checked: Jul 17 at 7:31AM
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 SPIRE COMMERCIAL
Investment Insights
Based on property information with market context.
The property features approximately 12,776 square feet of warehouse/shop space and approximately 500 square feet of office space. It is situated on a 40,196 square foot (0.92 acres) lot zoned I1: Light Industrial, offering a sizable yard. The location benefits from high traffic volume, with an Average Annual Daily Traffic (AADT) of over 22,000 on Boniface Parkway and 67,000+ on the Glenn Highway. The warehouse portion includes a tall clear height box shop, a mezzanine, a showroom, and Quonset space. The property is equipped with six overhead doors, 3-phase electric power, and floor drains.
Key Highlights
- Large 0.92 acre lot of I1 Light Industrial land
- Substantial 12,776sf warehouse/shop space
- High traffic location with AADT of 22,000+ on Boniface and 67,000+ on the Glenn Hwy
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $278.8k | $21.00 |
| − Vacancy | −$61.3k | −$4.62 |
| EGI | $217.5k | $16.38 |
| − OpEx | −$54.4k | −$4.10 |
| NOI | $163.1k | $12.29 |
13,276 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $163,096 @ 7.0% cap · market cap 7.33%
Second Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,267 @ 7.0% cap · market cap 7.11%
Theoretical Best
Specialty Retail
$3.60M
$3.15M – $4.21M
NOI $252,350 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alaska Gear & Transmission ...
Auto Repair Shop
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FAQs
What type of property is this?
Warehouse - Warehouse/shop space with office on industrial land with yard.
Where is this warehouse located?
The property is located at 345 Boniface Pkwy Anchorage, AK.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Large 0.92 acre lot of I1 Light Industrial land; Substantial 12,776sf warehouse/shop space; High traffic location with AADT of 22,000+ on Boniface and 67,000+ on the Glenn Hwy
