945 Elizabeth StFairbanks, AK 99709

Property Details for 945 Elizabeth St

Year built

1975

Construction

STEEL FRAME

Lot size

1.26 AC

Property size (Sq ft)

21,927 SF

Property type

Commercial real estate

APN

59315

APU

59315

Description

This exceptional investment opportunity presents a 21,690 square foot property situated on a one-acre lot at 945 Elizabeth Street, Fairbanks, Alaska. The property boasts a highly desirable 7.5% cap rate, making it an attractive proposition for discerning investors. Currently leased to a national distribution company, the lease agreement extends through November 2032, providing long-term stability and predictable income. The strategic location on Elizabeth Street offers convenient access to both Hanson Road and Marika Road, placing the property within the thriving Aurora Drive district. This prime location ensures high visibility and easy accessibility for both the tenant and potential future occupants. The substantial square footage offers significant potential for various uses, further enhancing the investment's appeal. With a secure, long-term lease and a strong cap rate, this property represents a rare opportunity to acquire a high-performing asset in a desirable Fairbanks location. The substantial size and strategic location make this a compelling investment for those seeking a stable and profitable addition to their portfolio. This is a turnkey investment opportunity with minimal management requirements due to the existing long-term lease. The property's strong financial performance and secure tenancy make it an ideal choice for investors seeking both immediate returns and long-term growth.

• Alternative Use

  Use

  Valuation

  Residential

  $6,769,799

  Hospitality

  $6,201,100

  Educational

  $5,159,242

  Medical

  $5,336,676

  Retail

  $8,025,488

Location Insight

City

Fairbanks

County

Fairbanks North Star

State

Alaska

Latitude

64.8532

Longitude

-147.768

CBSA code

21820

CBSA name

FAIRBANKS, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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