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Hillstrom Building 268 E Fireweed Ave 5,869 SF of Office Space Available in Palmer, AK 99645
HIGHLIGHTS
- 5,869 RSF office suite
- 2 private offices, 5 large activity rooms, reception, break room
- Commercial kitchen & outdoor play area and large shared parking lot
- Lease rate: $1.85/SF + pro rata share of utilities
- 3 restrooms with handicap accessibility
- Located within Palmer City limits, near downtown and Zoned Commercial Limited
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste East Unit | 5,869 SF | 2 Years | $22.20 /SF/YR $1.85 /SF/MO $130,292 /YR $10,858 /MO | Modified Gross |
1st Floor, Ste East Unit
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT HILLSTROM BUILDING
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Alaska Department of Administration
- Legal
- 1
- -
- Chugiak Children's Service
- Art Gallery
- 1
- -
- Sog Construction
- Real Estate
- 1
- -
- Tree Of Life Church
- Church/Comm Hall
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Alaska Department of Administration | Legal | 1 | - |
| Chugiak Children's Service | Art Gallery | 1 | - |
| Sog Construction | Real Estate | 1 | - |
| Tree Of Life Church | Church/Comm Hall | 1 | - |
PROPERTY FACTS
| Total Space Available | 5,869 SF | Gross Leasable Area | 14,559 SF |
| Property Type | Retail | Year Built | 1974 |
| Property Subtype | Day Care Center | Parking Ratio | 1.03/1,000 SF |
| Total Space Available | 5,869 SF |
| Property Type | Retail |
| Property Subtype | Day Care Center |
| Gross Leasable Area | 14,559 SF |
| Year Built | 1974 |
| Parking Ratio | 1.03/1,000 SF |
ABOUT THE PROPERTY
Located just outside Palmer’s downtown core, this 5,869 SF office space is fully built out and ready for immediate occupancy. The space is situated next to senior living and medical facilities, with a large shared parking lot and easy access to Palmer amenities. Currently used as a daycare, the suite includes five large multipurpose rooms, two private offices, a reception area, commercial kitchen, and three accessible restrooms. An outdoor play area is already in place, making this an easy fit for another childcare operator, educational user, or service-based nonprofit. Zoned Commercial Limited, this flexible layout supports a range of professional, institutional, or wellness uses.
NEARBY MAJOR RETAILERS
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Hillstrom Building | 268 E Fireweed Ave
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