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    FOR SALE
    Auto shops

    345 Boniface Pkwy, Anchorage, AK 99504

    5,304 SF 0.92 ac lot Built 1952
    Individually Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US02-0044076
    Property summary
    AI-generated overview

    This fee-simple industrial property, located at 345 Boniface Pkwy, Anchorage, AK 99504 (APN 00639102000), presents a compelling investment opportunity. The property encompasses a 13,276 square foot warehouse, divided into a multi-tenant configuration, with a modified lease type. The asking price is $2,225,000, translating to $167.60 per square foot. The warehouse features approximately 12,776 square feet of shop space and approximately 500 square feet of office space. The building consists of four structures situated on a sizable 40,196 square foot (0.92-acre) lot zoned I1: Light Industrial, providing ample yard space. Key features include six overhead doors, three-phase electric service, and floor drains. The warehouse space is comprised of a high-clearance box shop, a quality mezzanine, a showroom, and a Quonset hut section. The property benefits from high traffic counts, with an average annual daily traffic (AADT) exceeding 22,000 on Boniface Parkway and over 67,000 on the Glenn Highway. All information should be independently verified by the buyer, who is responsible for conducting their own due diligence.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1952
    Construction WOOD FRAME
    Total area 5,304 SF
    Lot 0.92 ac (40,196 SF)
    Zoning code I1 LIGHT INDUSTRIAL
    APN 006-391-02-000
    UPID US02-0044076
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Alaska Gear & Transmission Service Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Chester A Giles · 16 yrs held
    Chester A Giles
    since 2010
    4 recorded transactions
    2010
    2009
    1969
    1969
    Zoning & alternative use
    I1 LIGHT INDUSTRIAL · Anchorage, AK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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