1330 E 2nd Ave
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1330 E 2nd Ave
18,294 SF Specialty Building Offered at $6,803,856 CAD in Anchorage, AK 99501
Executive Summary
STRONG MARKET RENTS // Heated units from the comparable properties average $2.89 per square foot. The average unit size of Northland Maxi Vaults is 53 square feet per unit which averages $3.14 per square foot. The property currently achieves $2.34 per square foot providing immediate upside to the next owner.
OPERATIONAL UPSIDE // The current ownership has relied on drive-by traffic or word-of-mouth to maintain occupancy. There has been little to no budget allocated to advertising or driving online rentals. Recently, tenant rates were increased by 10 percent and suffered almost to no attrition and maintain rates well below market average.
RECENTLY COMPLETED CAPEX // Since 2021, the south side of the roof was replaced with a six-inch membrane, and the North Side was replaced with a seven-inch membrane in 2022, resulting in a 31 percent decrease in gas heating costs. All roof drains and Modine heater exhausts vents have been replaced, LED driving lane and exterior lights were installed.
OPERATIONAL UPSIDE // The current ownership has relied on drive-by traffic or word-of-mouth to maintain occupancy. There has been little to no budget allocated to advertising or driving online rentals. Recently, tenant rates were increased by 10 percent and suffered almost to no attrition and maintain rates well below market average.
RECENTLY COMPLETED CAPEX // Since 2021, the south side of the roof was replaced with a six-inch membrane, and the North Side was replaced with a seven-inch membrane in 2022, resulting in a 31 percent decrease in gas heating costs. All roof drains and Modine heater exhausts vents have been replaced, LED driving lane and exterior lights were installed.
Property Facts
| Price | $6,803,856 CAD | Lot Size | 21.00 AC |
| Price Per SF | $372 CAD | Building Size | 18,294 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1967/2024 |
| Property Subtype | Self-Storage | Parking Ratio | 1.09/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $6,803,856 CAD |
| Price Per SF | $372 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 21.00 AC |
| Building Size | 18,294 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2024 |
| Parking Ratio | 1.09/1,000 SF |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 00307324000 | Improvements Assessment | $1,444,894 CAD |
| Land Assessment | $265,306 CAD | Total Assessment | $1,710,200 CAD |
PROPERTY TAXES
Parcel Number
00307324000
Land Assessment
$265,306 CAD
Improvements Assessment
$1,444,894 CAD
Total Assessment
$1,710,200 CAD
zoning
| Zoning Code | B3 General Business |
| B3 General Business |
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1330 E 2nd Ave
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