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Solar Building 441 W 5th Ave 34,389 SF 100% Leased Office Building Anchorage, AK 99501 $6,450,000 ($187.56/SF) 9.09% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Centrally located in Downtown Anchorage
  • Numerous upgrades have been completed over the years

EXECUTIVE SUMMARY

The Solar Building is a 5-Story Office Building located in the heart of Downtown Anchorage. Situated at the corner of 5th and E Street the building is directly across from Town Square/Performing Arts Center, Anchorage Convention Center and the 5th Ave mall. The Zelener Group has owned this building since 2010 and have invested over $2.2 million dollars in Renovations and Tenant Improvements. Some of the Current Tenants include Fat Ptarmigan Pizza, Anchorage Cider House, Wild Scoops Ice-cream and established office tenants.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
34,389 SF
Building Class
A
Year Built/Renovated
1962/2013
Price
$6,450,000
Price Per SF
$187.56
Cap Rate
9.09%
NOI
$586,000
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
6,130 SF
Building FAR
5.26
Lot Size
0.15 AC
Zoning
B2A
Parking
4 Spaces (0.12 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00210508000
Land Assessment
$486,900
Improvements Assessment
$2,029,300
Total Assessment
$2,516,200
  • Listing ID: 24597302

  • Date on Market: 12/3/2021

  • Last Updated:

  • Address: 441 W 5th Ave, Anchorage, AK 99501

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