3875 Old International Airport Rd Anchorage, AK 99502
- Warehouses
- 10,207 SF
Current Use by Public Records
- Warehouses
Property Details for 3875 Old International Airport Rd
- Year built
- 1999
- Property size
- 10,207 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 10,207-square-foot flex/warehouse property in Anchorage, Alaska, presents a unique investment opportunity. Located at 3875 Old International Airport Road, this 1999-built building sits on a substantial 69,318-square-foot lot and is zoned for airport use, offering diverse potential applications. The asking price is $1,100,000, translating to $107.77 per square foot. The property boasts a showroom, offices, ample warehouse space, and extensive parking, making it ideal for a variety of businesses. Multiple grade-level doors provide convenient access, while second-floor offices offer additional workspace. Currently vacant, this owner-user opportunity also offers a strong investment potential with a pro-forma cap rate of 12.27% and a pro-forma NOI of $135,000. The property is subject to a ground lease, expiring month-to-month on November 1, 2024. Note that rental income from the Fly In Restaurant on the same parcel helps offset ground lease costs. This prime Anchorage location near the airport offers unparalleled convenience and visibility, making it an attractive proposition for both owner-occupiers and investors seeking a high-return asset in a dynamic market. The property's versatility and strategic location combine to create a compelling investment opportunity in a thriving Alaskan city.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anchorage
- County
- Anchorage Municipality
- State
- Alaska
- Longitude
- -149.957
- Latitude
- 61.1742
