4200 Lake Otis PkwyAnchorage, AK 99508

Property Details for 4200 Lake Otis Pkwy

Year built

1984

Lot size

0.96 AC

Property size (Sq ft)

30,732 SF

Zone code

B3SL

Property type

Office properties

Property subtype

Office buildings

APN

009-111-97-000

APU

911197000

Description

This exceptional Class A medical office building, located at 4200 Lake Otis Pkwy in Anchorage, Alaska's University Medical District, offers a compelling investment opportunity. The 30,732 square foot building, constructed in 1984 and situated on a 0.96-acre lot, boasts a 93% occupancy rate with ten tenants under varied lease terms. The property features 85 parking spaces and is zoned B3 - General Business. The asking price is $5,500,000, representing a current cap rate of 7.60% and a pro-forma cap rate of 8.64%. The building has undergone significant capital expenditures since 2011, including improvements to the parking lot, entrance canopy, ADA ramp, and elevator, ensuring high-grade finishes and the absence of deferred maintenance. Financial details, leases, and rent rolls will be provided upon request, following a site tour and verification of buyer's financial capacity (bank backing letter or proof of funds). The property is fee simple ownership with no ground lease. Please note that all information is subject to verification. Appointments are required

• CAP approach

  CAP return

  Valuation

  6%

  $8,316,155

  6.5%

  $7,676,450

  7%

  $7,128,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,241,214

  Geo Method

  $5,918,368

• Alternative Use

  Use

  Valuation

  Residential

  $9,518,799

  Hospitality

  $8,719,168

  Educational

  $7,254,246

  Medical

  $7,503,730

  Retail

  $11,284,382

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.1821

Longitude

-149.839

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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