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
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)
1 of 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 00210508000 | Improvements Assessment | $2,438,700 |
| Land Assessment | $486,900 | Total Assessment | $2,925,600 |
