530 7th Ave 5,600 SF 90% Leased Office Building Fairbanks, AK 99701 $916,205 CAD ($163.61 CAD/SF) 12.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Centrally Located
- Long Term Tenants
- Ample Parking
EXECUTIVE SUMMARY
Prime Downtown Fairbanks Investment Opportunity. Located in the heart of downtown Fairbanks, this versatile 5,600 square-foot commercial building offers a unique investment opportunity with a diverse tenant mix and only one vacancy remaining. The property is currently home to a combination of office and medical spaces with a thriving restaurant, making it an attractive asset for both commercial and retail opportunities. With ample parking spaces to accommodate tenants and visitors, this well-maintained building is situated in a prime location, providing high visibility and convenient access. Whether you're looking to expand your portfolio, seeking a property with steady income potential, or looking to be an owner operator out of this location, this building presents an excellent chance to capitalize on the growing demand for downtown commercial real estate. Don't miss out on the opportunity to own a piece of Fairbanks' vibrant downtown core. Contact us today for more information and to schedule a viewing!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,600 SF
Building Class
C
Year Built
1967
Price
$916,205 CAD
Price Per SF
$163.61 CAD
Cap Rate
12.80%
NOI
$117,271 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,800 SF
Building FAR
0.37
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
Central Business District - Central Business District
Parking
24 Spaces (4.29 Spaces per 1,000 SF Leased)
AMENITIES
- Food Service
- Restaurant
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chrysalis Experience
- -
-
99,999 SF
- -
- -
- -
- Eatavybe Caribbean Cuisine
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Focus On You Message Therapy
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- -
- Inner Strength Physical Therapy
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- -
- Skinful Satisfaction
- -
-
99,999 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chrysalis Experience | - | 99,999 SF | - | - | - | |
| Eatavybe Caribbean Cuisine | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - | |
| Focus On You Message Therapy | Health Care and Social Assistance | 99,999 SF | - | - | - | |
| Inner Strength Physical Therapy | Health Care and Social Assistance | 99,999 SF | - | - | - | |
| Skinful Satisfaction | - | 99,999 SF | - | - | - |
1 of 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 37311 | Improvements Assessment | $448,377 CAD |
| Land Assessment | $150,578 CAD | Total Assessment | $598,954 CAD |
