725 Fireweed LnAnchorage, AK 99503

  • Office buildings
  • 113,065 SF
For Lease
$39/SF/YR View listing

Property Details for 725 Fireweed Ln

Year built
2014
Lot size
5.39 AC
Property size (Sq ft)
113,065 SF
Zone code
B3 GENERAL BUSINESS
Property type
Office buildings
APN
002-201-37-000
APU
220137000

Description

This stunning Class A office building, located in Anchorage's Midtown business district, offers 41,300 square feet of premium executive office space. Built in 2015, the seven-story building is currently fully vacant and available for lease. The property boasts a B3 - General Business zoning designation and features multiple tenancy options, with spaces ranging from a minimum of 3,000 square feet to a maximum contiguous space of 8,688 square feet. A generous tenant improvement allowance is available for leases exceeding five years. The building is LEED Gold certified, reflecting its commitment to sustainability. Amenities include a staffed security/concierge desk, a convenient lobby cafe, a relaxing 3rd-floor deck and break room, a state-of-the-art digital conference center, and abundant surface parking. The full-service lease rate is $3.25 per square foot. Elevators are available for convenient access to all floors. This exceptional property presents a unique opportunity for businesses seeking a prestigious and well-appointed office space in a prime Anchorage location. The entire building is available for lease, offering flexibility for large or multiple tenants.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $30,497,566
    6.5%
    $28,151,598
    7%
    $26,140,770
  • Comparable approach

    Method
    Valuation
    Relative Method
    $34,368,736
    Geo Method
    $21,774,058
  • Alternative Use

    Use
    Valuation
    Residential
    $34,907,984
    Hospitality
    $31,975,524
    Educational
    $26,603,260
    Medical
    $27,518,188
    Retail
    $41,382,848

Location Insight

City
Anchorage
County
Anchorage
State
Alaska
Latitude
61.199
Longitude
-149.87
CBSA code
11260
CBSA name
ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$432,671
$3,445,500
$21,960,900
$25,406,400
-
$3,445,500
$21,960,900
$25,406,400

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