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10735 Kenai Spur Hwy 5,620 SF 100% Leased Office Building Kenai, AK 99611 $1,500,000 ($266.90/SF) 8.50% Cap Rate
Executive Summary
The offering consists of two retail parcels totaling approximately 1.28 acres, improved with two established retail strip center buildings. The eastern parcel, located at 10735,features a 5,620 SF single-story retail building constructed in 1981. The western parcel, 10767, is improved with a 9,000 SF two-story retail building completed in 1997, providing a combined 14,620 SF of retail space across the property.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,620 SF
Building Class
C
Year Built
1981
Price
$1,500,000
Price Per SF
$266.90
Cap Rate
8.50%
NOI
$127,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,620 SF
Building FAR
0.10
Lot Size
1.28 AC
Zoning
Central Mixed Use (CMU)
Parking
44 Spaces (7.83 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,256,400 | |
| Land Assessment | $566,500 | Total Assessment | $1,822,900 |
Property Taxes
Parcel Numbers
Land Assessment
$566,500
Improvements Assessment
$1,256,400
Total Assessment
$1,822,900
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Contact the Sale Advisor
10735 Kenai Spur Hwy