For Sale
$6,950,000

8103 Old Seward HwyAnchorage, AK 99518

Premium warehouse, showroom, office space. High-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A industrial property, located at 8103 Old Seward Highway in Anchorage, Alaska, presents a unique owner-user opportunity. The 29,637 square foot building, constructed in 2016, sits on a substantial 68,880 square foot lot and boasts a 7.93% pro-forma cap rate and a $551,248 pro-forma NOI. The property features a flexible layout encompassing approximately 4,000 square feet of office space and 25,000 square feet of showroom/warehouse space, ideal for a variety of businesses. High-end features include 28-foot ceilings, in-floor radiant heat, an elevator servicing the second-floor offices offering stunning views, and state-of-the-art mechanical systems. The building is currently vacant and zoned B3. Ample paved and fenced parking is provided across multiple parcels, ensuring convenient access for employees and clients. The asking price is $6,950,000, translating to $234.50 per square foot. This prime location offers excellent visibility and accessibility within a high-traffic commercial area, making it an ideal investment for businesses seeking a prominent presence in Anchorage. The property is a single building with no ground lease.

Highlights

  • Exceptional owner-user opportunity to acquire a building at 50% of replacement cost, boasting high-quality construction and finishes.
  • Prime location with excellent visibility and accessibility, resulting in strong tenant demand and high occupancy rates.
  • Modern, efficient building systems minimizing operating expenses and maximizing energy efficiency.
  • Significant upside potential through lease-up of vacant space or rental rate increases.
  • Strong cash flow with a stable tenant roster and long-term leases.

Property Details for 8103 Old Seward Hwy

Property type
Warehouses, Industrial properties
Square Feet
29,637 SF
Class
A
Year Built
2016
Buildings
1

Location Insight

City
Anchorage
County
Anchorage Municipality
State
Alaska
Latitude
61.147698600277
Longitude
-149.86369182775
8103 Old Seward Hwy, Anchorage, Alaska

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8103 Old Seward Hwy
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