345 Boniface PkwyAnchorage, AK 99504

Property Details for 345 Boniface Pkwy

Year built

1952

Construction

WOOD FRAME

Lot size

0.92 AC

Property size (Sq ft)

5,304 SF

Zone code

I1 LIGHT INDUSTRIAL

Property type

Auto shops

APN

006-391-02-000

APU

639102000

Description

This fee-simple industrial property, located at 345 Boniface Pkwy, Anchorage, AK 99504 (APN 00639102000), presents a compelling investment opportunity. The property encompasses a 13,276 square foot warehouse, divided into a multi-tenant configuration, with a modified lease type. The asking price is $2,225,000, translating to $167.60 per square foot. The warehouse features approximately 12,776 square feet of shop space and approximately 500 square feet of office space. The building consists of four structures situated on a sizable 40,196 square foot (0.92-acre) lot zoned I1: Light Industrial, providing ample yard space. Key features include six overhead doors, three-phase electric service, and floor drains. The warehouse space is comprised of a high-clearance box shop, a quality mezzanine, a showroom, and a Quonset hut section. The property benefits from high traffic counts, with an average annual daily traffic (AADT) exceeding 22,000 on Boniface Parkway and over 67,000 on the Glenn Highway. All information should be independently verified by the buyer, who is responsible for conducting their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $2,103,090

  6.5%

  $1,941,314

  7%

  $1,802,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,062,931

  Geo Method

  $2,574,040

• Alternative Use

  Use

  Valuation

  Residential

  $1,637,571

  Hospitality

  $1,500,006

  Educational

  $1,247,987

  Medical

  $1,290,908

  Retail

  $1,941,314

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.2199

Longitude

-149.778

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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