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814 W Northern Lights Blvd - Diamond Self Storage 48,851 SF Specialty Building Offered at $4,800,000 at a 6.25% Cap Rate in Anchorage, AK 99503
INVESTMENT HIGHLIGHTS
- Undersupplied Storage Market with less than 4.6 SF per Capita
- Prime Location | Central Anchorage Arterial
- +91% Occupancy Storage | 100% Occupancy Office/Warehouse
EXECUTIVE SUMMARY
Diamond Self Storage presents an institutional-quality mixed-
use storage and office/warehouse investment opportunity in
the heart of Anchorage, Alaska. Situated along West Northern
Lights Boulevard—a major arterial in Central Anchorage—the
property combines 49,754 square feet of well-maintained
improvements across 1.64 acres. Adjacent to Turnagain one of
the most affluent neighborhoods in Anchorage.
The facility includes 21,693 square feet of premium interior
heated storage and 18,195 square feet of stabilized
office/warehouse space, offering diversified and steady
income streams. With 91% storage occupancy and 100%
leased office space, the asset delivers a strong in-place
income profile with proven operational stability.
Currently generating an annualized NOI of approximately
$303,343, Diamond Self Storage offers investors a compelling
opportunity to capture continued rent growth and operational
upside in an undersupplied Anchorage Self storage market
characterized by high demand and barriers to entry
use storage and office/warehouse investment opportunity in
the heart of Anchorage, Alaska. Situated along West Northern
Lights Boulevard—a major arterial in Central Anchorage—the
property combines 49,754 square feet of well-maintained
improvements across 1.64 acres. Adjacent to Turnagain one of
the most affluent neighborhoods in Anchorage.
The facility includes 21,693 square feet of premium interior
heated storage and 18,195 square feet of stabilized
office/warehouse space, offering diversified and steady
income streams. With 91% storage occupancy and 100%
leased office space, the asset delivers a strong in-place
income profile with proven operational stability.
Currently generating an annualized NOI of approximately
$303,343, Diamond Self Storage offers investors a compelling
opportunity to capture continued rent growth and operational
upside in an undersupplied Anchorage Self storage market
characterized by high demand and barriers to entry
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$618,225
|
$12.66
|
| Other Income |
$24,043
|
$0.49
|
| Vacancy Loss |
$30,556
|
$0.63
|
| Effective Gross Income |
$611,712
|
$12.52
|
| Taxes |
$81,314
|
$1.66
|
| Operating Expenses |
$227,055
|
$4.65
|
| Total Expenses |
$308,369
|
$6.31
|
| Net Operating Income |
$303,343
|
$6.21
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $618,225 |
| Annual Per SF | $12.66 |
| Other Income | |
|---|---|
| Annual | $24,043 |
| Annual Per SF | $0.49 |
| Vacancy Loss | |
|---|---|
| Annual | $30,556 |
| Annual Per SF | $0.63 |
| Effective Gross Income | |
|---|---|
| Annual | $611,712 |
| Annual Per SF | $12.52 |
| Taxes | |
|---|---|
| Annual | $81,314 |
| Annual Per SF | $1.66 |
| Operating Expenses | |
|---|---|
| Annual | $227,055 |
| Annual Per SF | $4.65 |
| Total Expenses | |
|---|---|
| Annual | $308,369 |
| Annual Per SF | $6.31 |
| Net Operating Income | |
|---|---|
| Annual | $303,343 |
| Annual Per SF | $6.21 |
PROPERTY FACTS
| Price | $4,800,000 | Building Class | B |
| Price Per SF | $98.26 | Lot Size | 1.64 AC |
| Sale Type | Investment | Building Size | 48,851 SF |
| Cap Rate | 6.25% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1963 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Zoning | B3, Anchorage | ||
| Price | $4,800,000 |
| Price Per SF | $98.26 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.64 AC |
| Building Size | 48,851 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | B3, Anchorage |
AMENITIES
- Controlled Access
- Property Manager on Site
- Signage
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 01001460000 | Total Assessment | $5,149,700 |
| Land Assessment | $1,567,600 | Annual Taxes | $81,314 ($1.66/SF) |
| Improvements Assessment | $3,582,100 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01001460000
Land Assessment
$1,567,600
Improvements Assessment
$3,582,100
Total Assessment
$5,149,700
Annual Taxes
$81,314 ($1.66/SF)
Tax Year
2025
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814 W Northern Lights Blvd - Diamond Self Storage
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