REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,375,000
Est. payment | /mo
44,684 SqFt
$ 5,375,000
Est. payment | /mo
44,684 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 44,684 sqft
Price per Sqft $120
MLS Listing ID 25-144
Construction Status Existing Structure
Year Built 1980
Lot Size 2.066 Acres
Acres 2.0
Source Alaska Multiple Listing Service
Property Description
Rare opportunity to acquire a 100% leased, 16-tenant multi-tenant retail center at the high-traffic corner of Arctic Blvd and W. International Airport Rd. 44,684 SF on 2.07 acres, anchored by Lucky Market and Heidi's Restaurant. Strong income growth, 3-year average NOI cap rate of 6.18% (2025 actual cap rate 8.40%). Financials available with signed NDA. Please do not disturb tenants.
Location
State AK
Area 10 - Spenard
Zoning I1 - Light Industrial
Direction Property is located on the corner of Arctic and International.
Building
Lot Size Range 2.0
New Construction No
Construction Status Existing Structure
Others
Tax ID 0092211500301
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Listed by GTK Real Estate
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