4200 Lake Otis PkwyAnchorage, AK 99508

This exceptional Class A medical office building, located at 4200 Lake Otis Pkwy in Anchorage, Alaska's University Medical District, offers a compelling investment opportunity. The 30,732 square foot building, constructed in 1984 and situated on a 0.96-acre lot, boasts a 93% occupancy rate with ten tenants under varied lease terms. The property features 85 parking spaces and is zoned B3 - General Business. The asking price is $5,500,000, representing a current cap rate of 7.60% and a pro-forma cap rate of 8.64%. The building has undergone significant capital expenditures since 2011, including improvements to the parking lot, entrance canopy, ADA ramp, and elevator, ensuring high-grade finishes and the absence of deferred maintenance. Financial details, leases, and rent rolls will be provided upon request, following a site tour and verification of buyer's financial capacity (bank backing letter or proof of funds). The property is fee simple ownership with no ground lease. Please note that all information is subject to verification. Appointments are required