For Sale
$2,200,000

3161 Palmer-Wasilla Hwy Wasilla, AK 99654

13,800 SF Medical Building, 8.2% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use medical building, totaling 13,800 square feet, presents a compelling investment opportunity in Wasilla, Alaska. Situated on a substantial 68,448 square foot lot at 3161 E Palmer-Wasilla Hwy, 99654, this single-story, 1975-built property boasts high visibility and convenient access to Palmer and Wasilla. Currently housing four tenants with 60% occupancy as of May 1, 2024, approximately 5,500 square feet is available for owner-occupancy. The property offers a strong pro-forma cap rate of 8.20%, making it attractive to both owner-users and investors. The asking price is $2,200,000, translating to $159.42 per square foot. The property is fee simple ownership, with no ground lease. The building is unzoned (UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston), and features six units within a single building. Minimal deferred maintenance is reported. This prime location on the busy Palmer-Wasilla Highway ensures high traffic and visibility, providing excellent potential for growth and return on investment. The property is located outside Wasilla city limits.

Highlights

  • 13,800 SF mixed-use building on a 68,448 SF lot.
  • Excellent Palmer-Wasilla Highway location offering high visibility and easy access.
  • Strong tenant roster (4 tenants) with approximately 5,500 SF available for owner-occupancy.
  • 8.2% pro-forma cap rate.
  • Minimal deferred maintenance.
  • Located outside Wasilla city limits.

Property Details for 3161 Palmer-Wasilla Hwy

Property type
Mixed-use properties, Medical space
Square Feet
13,800 SF
Year Built
1975
Buildings
1
Stories
1
Units
6

Location Insight

City
Wasilla
County
Matanuska-Susitna
State
Alaska
Latitude
61.585119897414
Longitude
-149.37117528794

FAQs

What type of property is this?
Mixed-use property - 13,800 SF Medical Building, 8.2% Cap Rate
Where is the mixed-use property located?
The property is located at 3161 Palmer-Wasilla Hwy Wasilla, AK.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 13,800 SF mixed-use building on a 68,448 SF lot.; Excellent Palmer-Wasilla Highway location offering high visibility and easy access.; Strong tenant roster (4 tenants) with approximately 5,500 SF available for owner-occupancy.
How can I contact the broker?
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3161 Palmer-Wasilla Hwy
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