1211 Cushman St Fairbanks, AK 99701

This exceptional investment opportunity presents a fee-simple, 12,128 square foot Class B medical office building located at 1211 Cushman St, Fairbanks, AK 99701. The property boasts a 100% occupancy rate with a single, long-term net lease to Fairbanks Urology, a financially strong tenant backed by a national healthcare provider. The lease, structured as a NNN (triple net) lease, features a remaining term of 7.6 years, expiring June 29, 2032, with attractive 3% annual rent increases built in. The building, constructed in 1965 and extensively renovated in 2022 at a cost exceeding $3.85 million, comprises three stories on a 0.64-acre lot. The asking price is $5,490,000, representing a price per square foot of $452.67 and a compelling 9.00% cap rate based on a Net Operating Income (NOI) of $494,079. Lease options are negotiable. This property offers a stable, high-yield investment with minimal landlord responsibilities in a market with high barriers to entry and strong demographics, including average household incomes exceeding $101,000 within a 5-mile radius. The Fairbanks Urology practice is the only standalone urology practice outside of the Anchorage metropolitan area in Alaska, serving a large geographical region. This presents a unique opportunity to acquire a well-maintained, high-performing medical office building with a secure, long-term tenant and significant upside potential.