1285 Queens Way 10,536 SF Industrial Building Fairbanks, AK 99701 $2,600,000 ($246.77/SF)

Lymburner Realty is pleased to exclusively offer the opportunity to acquire 1285 Queens Way, delivering a versatile industrial facility with a performing tenant and a prime location overlooking the water in the primary industrial hub of Fairbanks, Alaska. Delivered with stable in-place income, this is a prime opportunity for investors seeking to enter or expand in Alaska’s second-largest market.

Further enhancing this incredible offer, a new owner will enjoy the added opportunity to purchase the existing welding business. This turnkey operation has a history of success in the location, with plenty of work on the books to hand off to a new owner. The shop is running as an active business - please do not disturb - all tours must be scheduled with the listing broker.

Presenting an expertly maintained industrial asset, 1285 Queens Way spans a total of 10,536 square feet that was originally constructed on the 1.51-acre lot in 1985 and fully renovated in 2018. It is equipped with a wealth of desirable features and specs that meet the needs of modern industrial businesses. Robust loading capabilities at the property include four grade-level drive-in doors, including 16- and 18-foot front doors, a 22-foot clear height, as well as a pull-through bay. The main workshop features a columnless design for flexible configurations, and operations are supported by three dedicated offices, including an elevated office on a second level overlooking the main workspace, as well as a breakroom and kitchenette. Other high-quality features that benefit a new owner include oil and air supply lines that run from a central station throughout the property for convenient refueling, Z post Challenger vehicle lift with a 12,000-pound capacity, and a three-phase power supply. There is abundant yard space for vehicle or trailer parking and outdoor storage, and the facility is protected by a newer security system with open-circuit cameras.

Sitting within an existing commercial hub, 1285 Queens Way benefits from proximity to large industrial tenants, major highways, and robust logistics infrastructure. The building is surrounded by similarly sized facilities for contractors, engineers, auto-related businesses, construction companies, warehouses, and distributors, offering potential for strong synergy and partnership. The site can easily reach both Highways 2 and 3, facilitating the movement of goods across the metro area and the greater region. Longer-distance freight solutions are also available nearby at the Alaska Railroad Fairbanks Depot and the Fairbanks International Airport, both reachable in 10 to 15 minutes.

1285 Queens Way’s exceptional location also enhances appeal for employees and clients with easy access to the city’s best shopping, dining, and recreation amenities. Just 1 mile away, the Cushman Street commercial corridor offers a vibrant thoroughfare lined with national retailers, boutique shops, and popular local restaurants. With several beautiful nearby public parks, including the Tanana Lakes Recreation Area and Pioneer Park, employees and clients at the property are never far from best-in-class outdoor recreation.

Lending support for local businesses, Fairbanks boasts a performing Industrial Market along with a valuable demographic profile within 10 miles of 1285 Queens Way. The area brings a population of more than 70,000, a workforce of more than 50,000, and over 5,800 businesses. With over 20% of the local workforce employed in blue-collar industries, there is a strong talent pipeline of motivated and qualified new employees for industrial businesses. This has created a consistent stream of demand for quality space like the subject property, driving vacancies well below the five- and 10-year average to just 5.1%, while rents have displayed steady annual growth of 4.5% on average during the past five years. This cements 1285 Queens Way as a premier industrial investment, with significant short-term and long-term growth potential.

Don’t miss this incredible chance to join Fairbanks’ thriving industrial market, with the acquisition of a fully occupied and expertly maintained industrial facility at 1285 Queens Way.

Property tours are by appointment only and the tenant is not to be disturbed. Reach out to the Lymburner Realty Team today to schedule a tour and learn more about this incredible offer.